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
|Company Name||Protean eGov Technologies Limited|
|Domain of Company||E-Governance Solutions Provider|
|Protean eGov Technologies IPO GMP Today||₹180|
|Protean eGov Technologies IPO Listing Gain||22.73%|
|Protean eGov Technologies IPO Open Date||November 6, 2023|
|Protean eGov Technologies IPO Close Date||November 8, 2023|
|Protean eGov Technologies IPO Allotment Date||November 13, 2023|
|Protean eGov Technologies IPO Listing Date||November 17, 2023|
|Face Value||₹10 per share|
|Price||₹752 to ₹792 per share|
|Lot Size||18 Shares|
|Issue Size||6,191,000 shares of ₹10|
(aggregating up to ₹490.33 Cr)
|Offer for Sale||6,191,000 shares of ₹10|
(aggregating up to ₹490.33 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE, BSE|
|Company Promoters||No Promoter|
Protean eGov Technologies IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|3 November 2023||₹180||22.73%||–||–|
|2 November 2023||₹180||22.73%||–||–|
|1 November 2023||₹180||22.73%||–||–|
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:
- Modernizing the direct tax system by introducing projects like PAN issuance.
- Enabling a universal social security system, especially for unorganized sector workers, through the Atal Pension Yojana’s technology infrastructure.
- Improving access to education and skill financing through efficient digital marketplaces like Vidya Lakshmi and Vidyasaarathi.
- 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.
Protean eGov Technologies IPO More Details Click Here
Protean eGov Technologies IPO FAQs
When is Protean eGov Technologies IPO open?
Protean eGov Technologies IPO will open on 6 November 2023.
When is Protean eGov Technologies IPO Close?
Protean eGov Technologies IPO will be closed on 8 November 2023.
What is Protean eGov Technologies IPO GMP Today?
The Protean eGov Technologies IPO GMP aka Grey Market Premium is ₹180.
What is Protean eGov Technologies IPO Kostak Rates Today?
The Protean eGov Technologies IPO Kostak Rate is ₹000.
What is Protean eGov Technologies IPO Subject to Sauda Price Today?
The Protean eGov Technologies IPO subject to sauda rates is ₹000.
Protean eGov Technologies IPO Expected Returns?
The Protean eGov Technologies expected return is 22.73%.
How much will be the listing gain in Protean eGov Technologies IPO?
Protean eGov Technologies IPO will get listing gain of 22.73%. (Approx.)