Protean eGov Technologies IPO Details
Issue Date
06 Nov - 8 Nov'23
Price Range
₹792
Lot Size
18
IPO Size
₹490.33 Cr
Protean eGov Technologies IPO Listing Details
Listing On
13 Nov'23
Issue Price
--
Listed Price
₹ 792
Retail Gain/Listing Gain
▲0.00%
Schedule of Protean eGov Technologies IPO
Start date
06/11/2023
End date
08/11/2023
Allotment of bids
Refund Initiation
Listing on exchange
13/11/2023
Protean eGov Technologies IPO Review | Issue Details, Financials and More
Kotak Securities
•02m 40s
Company Background
Protean eGOV Technologies Limited is an IT-enabled solutions company in India (Source: CRISIL Report) engaged in conceptualising, developing and executing nationally critical and population-scale greenfield technology solutions.
The company collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions. Originally set up as a depository in 1995, the company has created a systemically important national infrastructure for capital market development in India, and has been the chief architect and implementer for some of the most critical and large-scale technology infrastructure projects in India (Source: CRISIL Report).
Their solutions have led to the identification of bottlenecks in government services, increased transparency and efficiency, redefined delivery of public services and led to a reduction in service delivery costs. They were among the leading Indian companies in the e-governance sector in terms of profitability, operating income, operating profit and operating profit margin in Fiscal 2023 (Source: CRISIL Report).
With that, let's take a look at the competitive strengths and risk factors for Protean eGOV Technologies Limited:
Risk Factors
- The company is dependent on projects awarded by government entities and the relationship with GoI entities exposes them to risks inherent in doing business with them.
- The company may not be able to provide business solutions that meet the client’s requirements, which could lead to clients discontinuing work with the company.
- There is a reliance on telecommunications and information technology systems, networks and third-party infrastructure to operate the business. Any interruption/breakdown in such systems could impair deliverables.
Key Strategies
- Diversify offerings with a focus on new sectors.
- Expanding into newer geographies.
- Adoption of disruptive technologies and investment in open-source solutions, protocols and networks.
Key Financials
Here are the key financials for Protean eGOV Technologies Limited.
How to apply for IPO through ASBA
Kotak Securities
•00m 59s
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