Protean eGov Technologies is into Technology-ITES and is looking raise funds through Offer For Sale
Protean eGov Technologies IPO is a public offering of shares by The Company is a professionally managed company and does not have any identifiable promoter. The IPO will open on November 06 and will close on November 08. The price band is ₹752 to ₹792 per share and the lot size is 18 shares. The issue size is ₹490.33 crore. The shares are expected to be listed on BSE, NSE on November 17 (^). Some additional information that you may find useful are: Till Dec'22, company implemented and managed 19 projects spread across seven ministries and autonomous bodies ushering change in public delivery of services. : (**) - based on higher price band (^) indicative date
Promoters of the company are The Company is a professionally managed company and does not have any identifiable promoter.
Watch Interactive Protean eGov Technologies IPO Video
Quick Pointers
- Company aims to raise between Rs 466 to 490 crs through this IPO.
- The net proceeds of the issue will be utilized to To Achieve the Listing benefits on the Stock Exchanges. and
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 03-Nov-23.
- Price band for the IPO has been fixed at Rs 752 to 792 per share and bid lot are in multiple of 18 shares. The implied market cap post-issue at Rs 3,042 to 3,203 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on November 13 and share are expected to be listed on BSE, NSE on November 17.
- There are no listed companies in India that comparable in all aspects of business and services that Protean eGov operate into.
- ICICI Securities, Equirus Capital, IIFL Securities, Nomura Financial Advisory has been appointed as Merchant Banker to the issue. Link Intime (India) Pvt. Ltd. has been appointed as official registrar of the issue.
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IPO Quick Snapshot
About Company
Established in 1995, Protean eGov is professionally managed company and is into IT-enabled solutions company that develops citizen-centric and population-scale e-governance solutions for various ministries in India. Key focus areas includes conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. Company partner with the government and have over 25 years of experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.
Company is instrumental in establishing public digital infrastructure and creating e-governance interventions impacting multiple sectors of the Indian economy.
Till Dec'22, company implemented and managed 19 projects spread across seven ministries and autonomous bodies ushering change in public delivery of services.
About Industry
E-governance is the use of ICT to conduct government business and provide public services. The strategic objective of e-governance is to support and simplify governance for all parties: government, citizens and businesses. CRISIL Research expects domestic IT services' revenue to log a compounded annual growth rate of 6% -8%. The growth will be led bytechnology and platform upgradation, and e-governance initiatives of the central and state governments. E-governance aims to make interactions between government and citizens, government and business enterprises, and inter-agency relationships more friendly, convenient, transparent, and economical. (Source: CRISIL Report)
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Check Allotment Status of IPO
| Please check below or visit Link Intime (India) Pvt. Ltd. link at here to check allotment status of IPO |
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