Protean eGov Technologies Ltd IPO

Protean eGov Technologies Ltd IPO

IT - Software

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Bidding period

06 Nov 2023 - 08 Nov 2023

Bid price

₹792.00 - ₹792.00

Listing on

BSE

Listing date

13 Nov 2023

Lot size

18 shares

Issue size

₹490.33 crore


Minimum investment

₹14,256.00 / 1 lot

Maximum investment

₹1,99,584.00 / 14 lot

Bidding closed on 08 Nov 2023

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Protean eGov Technologies Ltd IPO dates

IPO opening date

06 Nov 2023

IPO end date

08 Nov 2023

Allotment date

09 Nov 2023

Initiation of refunds

10 Nov 2023

Credit of shares to demat

10 Nov 2023

IPO listing date

13 Nov 2023

Protean eGov Technologies Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹1,185.24
Total liabilities ₹1,185.24
Total expenditure ₹821.75
Total revenue ₹949.61
Profit after tax ₹97.29
EBITDA ₹157.01
Adjusted EBITDA ₹0.00

Protean eGov Technologies Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 0.0 0.0
Public group 0.0 0.0

Protean eGov Technologies Ltd strengths and risks

Information currently unavailable

  • Pioneer and market leader in universal, citizen centric and population scale e-governance solutions.

  • Secure, scalable and advanced technology infrastructure.

  • Large physical infrastructure with pan-India network and scale resulting in inclusion.

  • Diversified, granular and annuity based service offerings.

  • Track record of healthy financial performance.

  • Experienced senior management team backed by strong corporate governance standards and supported by marquee investors

  • The company is substantially dependent on projects awarded by government entities and agencies and its relationship with GoI entities exposes it to risks inherent in doing business with them, which may adversely affect its business, results of operations and financial condition.

  • Its may not be able to provide business solutions that meet the company clients' requirements, which could lead to clients discontinuing their work with it, which in turn could harm its business.

  • The company relies on telecommunications and information technology systems, networks and third party infrastructure to operate its business and any interruption or breakdown in such systems, networks or infrastructure of the third parties its relies on or the company technical systems could impair its ability to effectively deliver its products and services.

  • Its business will suffer if the company fail to anticipate and develop new services and enhance existing services in order to keep pace with rapid changes in technology and in the industries on which its focus.

  • If its pricing structures do not accurately anticipate the cost, complexity and duration of its work, then the company contracts could be unprofitable.

  • Its client contracts can typically be terminated without cause, which could negatively impact its revenues and profitability.

  • Its may become liable to the company clients and lose clients if its have defects or disruptions in its service or if the company provide poor service.

  • There are pending litigations against the Company. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, results of operations, cash flows and reputation.

  • Any delay in the collection of its dues and receivables from its clients may have a material and adverse effect on its results of operations and cash flows.

  • Its sales cycle is lengthy and depends upon many factors outside the company control, and could cause it to spend significant time and resources prior to earning associated revenues.

How to check the allotment status of the Protean eGov Technologies Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Protean eGov Technologies Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Protean eGov Technologies Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Protean eGov Technologies Ltd IPO registrar

MUFG Intime India Pvt Ltd

Phone number +91 22 4918 6200
E-mail ID protean.ipo@linkintime.co.in
Website www.linkintime.co.in

Protean eGov Technologies Ltd IPO reservation

QIB shares offered

12,08,200 (19.52%)

NII (HNI) shares offered

9,06,150 (14.64%)

Retail shares offered

21,14,350 (34.15%)

Anchor investor shares offered

18,12,300 (29.27%)

Total shares offered

61,91,000

Total shares with anchor investor

61,91,000

Protean eGov Technologies Ltd IPO lead manager

  • ICICI Securities Ltd
  • Equirus Capital Pvt Ltd
  • IIFL Securities Ltd
  • Nomura Financial Advisory & Securities (I) P Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Protean eGov Technologies Ltd IPO?

The listing date for the Protean eGov Technologies Ltd IPO is 13 Nov 2023.

What is the issue size of Protean eGov Technologies Ltd IPO?

The issue size of the Protean eGov Technologies Ltd IPO is ₹490.33 cr.

What is the minimum lot size needed for Protean eGov Technologies Ltd IPO?

The minimum lot size for Protean eGov Technologies Ltd IPO is 18

When does the Protean eGov Technologies Ltd open and close?

Protean eGov Technologies Ltd IPO is open from 06 Nov 2023 to 08 Nov 2023.

How can I apply for the Protean eGov Technologies Ltd IPO?

To apply for the Protean eGov Technologies Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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