₹ 14256 / 18 shares
IPO Details
RHP/DRHPIssue Date
06 Nov - 8 Nov'23
Investment/lot
₹ 14256
Price Range
792
Lot Size
18
IPO Size
₹ 490.33 Cr
IPO Listing Details
Listing On
13 Nov'23
Issue Price
--
Listed Price
₹ 792
Retail Gain/Listing Gain
▲0.00%
IPO Timeline
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.
Particulars (in Rs. million)
Particulars (in Rs. million)
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Protean eGov Technologies Ltd IPO FAQs
When is Protean eGov Technologies Ltd IPO listing date?
Protean eGov Technologies Ltd will list on 2023-11-13.
What is the issue size of Protean eGov Technologies Ltd IPO?
490.33 is the issue size of Protean eGov Technologies Ltd IPO.
What is the minimum lot size required for Protean eGov Technologies Ltd IPO?
The minimum lot size is 18 shares and the investment required is ₹14256.
What is the price band of the Protean eGov Technologies Ltd IPO?
The price band of Protean eGov Technologies Ltd IPO is ₹792 to ₹0.
Where can I read more about Protean eGov Technologies Ltd business?
You can read more about Protean eGov Technologies Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Protean eGOV Technologies Limited IPO?
The Protean eGOV Technologies Limited IPO has an issue size of Rs. 489.20 crores. The IPO opens for subscription on 6th November and closes on 8th November 2023.
Who is the Registrar for Protean eGOV Technologies Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
Where can I read more about Protean eGOV Technologies Limited’s business?
You may read more about Protean eGOV Technologies Limited and its IPO from the company’s red herring prospectus (RHP) here:
