Protean eGov Technologies IPO GMP Today ( Grey Market )

The Protean eGov Technologies IPO commenced on November 6, 2023, and concluded on November 8, 2023. The allotment of shares took place on November 13, 2023, and the initiation of refunds began on November 15, 2023. The shares were credited to the demat accounts of investors on November 16, 2023. Finally, the listing of Protean eGov Technologies on the stock exchange occurred on November 17, 2023.

The Protean eGov Technologies IPO was priced at ₹752 to ₹792 per share, with a lot size of 18 shares. The total issue size was ₹490.33 crores, comprising an offer for sale of ₹490.33 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

Protean eGov Technologies IPO Basic Details

Protean eGov Technologies IPO GMP Today:

Protean eGov IPO Details:

Protean eGov Technologies Limited started in December 1995 under the name NSDL e-Governance Infrastructure Limited. For over 20 years, it has been focused on creating user-friendly e-governance solutions for citizens.

Protean eGov Technologies has been a major player in developing the infrastructure for India’s capital markets. They’ve been responsible for critical technological advancements in the country.

Since December 2022, the company has successfully managed 19 projects for various government ministries.

Their work has achieved several significant milestones, including:

1. Modernizing the direct tax system by introducing projects like PAN issuance.
2. Enabling a universal social security system, especially for unorganized sector workers, through the Atal Pension Yojana’s technology infrastructure.
3. Improving access to education and skill financing through efficient digital marketplaces like Vidya Lakshmi and Vidyasaarathi.
4. Contributing to and supporting open digital building blocks like Open Network for Digital Commerce (ONDC), benefiting various sectors such as e-commerce, mobility, healthcare, agriculture, and education. Notably, Protean eGov Technologies Limited is a key early contributor to the open-source community and protocols that drive ONDC.

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