₹ 14256 / 18 shares

IPO Details

RHP/DRHP

Issue 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%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

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All you need to know about Protean eGov Technologies IPO
Tune in to know more about the company, IPO issue details, future strategies, important financial details, its presence and reach, service portfolio, and much more with Kinjal Parekh!

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:

Pioneer and market leader in universal, citizen-centric and population-scale e-governance solutions
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Secure, scalable and advanced technology infrastructure
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Large physical infrastructure with a pan-India network and scale
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  • 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.
  • 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.

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

Protean eGov Technologies Ltd will list on 2023-11-13.

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

The minimum lot size is 18 shares and the investment required is ₹14256.

The price band of Protean eGov Technologies Ltd IPO is ₹792 to ₹0.

You can read more about Protean eGov Technologies Ltd and its IPO from the company’s red herring prospectus (RHP) here.

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.

Link Intime India Private Limited is the registrar for this IPO.

You may read more about Protean eGOV Technologies Limited and its IPO from the company’s red herring prospectus (RHP) here:

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