Protean eGov technologies IPO GMP, price, date, Allotment 2023

Protean eGov technologies IPO description – Protean eGov limited  is coming up with its Initial public offering. The IPO will be open for subscription on  6th november 2023

Protean eGov IPO – Details

IPO Opening Date 06 November 2023
IPO Closing Date 08 November 2023
Issue Type Book Built Issue IPO
Issue Size 61,91,000 Shares Worth ₹490.33 Crore

Offer For Sale: 61,91,000 Shares Worth ₹490.33 Crore

Face Value ₹10 per equity share
IPO Price ₹752 – ₹792
Market Lot 18 Shares
Min Order 18 Shares (1 Lot)
Employee Discount Rs 75
Listing At BSE
Register Link Intime India Private Ltd

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ESAF Small Finance Bank IPO – Date Schedule

 

IPO Open Date 06 November 2023
IPO Close Date 08 November 2023
Basis of Allotment Date 13 November 2023
Initiation of Refund 15 November 2023
Credit of Shares to Demat Account 16 November 2023
IPO Listing Date 17 November 2023
IPO Open Date 06 November 2023

 

Protean eGov Technologies IPO – Lots Size & Price

 

Application Lots Shares Amount
Retail (Min) 1 18 14,256
Retail (Max) 14 252 1,99,584
S-HNI (Min) 15 270 2,13,840
S-HNI (Max) 70 1260 9,97,920
B-HNI (Min) 71 1278 10,12,176

Protean eGov IPO- about company 

 

Protean eGov Technologies Limited was previously known as NSDL e-Governance Infrastructure Limited. Protean eGov Technologies Ltd is a key IT-enabled solutions company in India engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions.

They partner with the government and have over 25 years of experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions. They are 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.

The company has been instrumental in establishing public digital infrastructure and creating e-governance interventions impacting multiple sectors of the Indian economy.

Since inception, they have implemented and managed 19 projects spread across 7 ministries and autonomous bodies.

These projects have resulted in reduction of turnaround time by digitizing processes, ensuring better compliance with government policies.

 

Protean eGov IPO GMP, details, date, Allotment

 

Protean eGov IPO- industry overview 

 

Internet and broadband penetration in India have expanded rapidly owing to connectivity by means of smartphones and other digital modes. Internet subscribers in the country increased from 251.6 million in Fiscal 2014 to 824.9 million in Fiscal 2022, logging a 16.0% CAGR. Going ahead, total internet subscribers are expected to clock 4-6% CAGR to reach 970-1,030 million by Fiscal 2026. Smartphones drive digital connectivity Internet and broadband penetration in India have sustained a rapid pace.

India had 851.0 million internet subscribers at in the first half of Fiscal 2023, making India one of the largest market but still underpenetrated compared to the United States (90% internet penetration in 2020), China (73% internet penetration in 2021) and United Kingdom (94% internet penetration in 2020). As digital capabilities improve and connectivity becomes omnipresent, technology is poised to quickly and radically change nearly every sector of India’s economy. According to the CRISIL Report, this is likely to create significant economic value. 

 

Protean eGov Financial Performance

 

  FY 2021 FY 2022 FY 2023 Q1 FY 2024
Revenue 603.13 690.91 742.21 220.40
Expenses 536.03 584.55 643.45 191.44
Net income 89.33 147.56 106.21 27.78
Margin (%) 14.81 21.38 14.31 12.60

Figures in INR Crores

 

Protean eGov Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 23.00 35.75 26.48
PE ratio 28.4 – 29.91
RONW (%) 13.81 18.27 12.49
NAV 166.29 195.13 212.0
ROCE (%) 16.93 22.91 16.13
ROE (%) 13.81 18.27 12.49
EBITDA (%) 22.17 29.40 21.51
Debt/Equity

 

 

Protean eGov Technologies IPO Prospectus

 

 

Protean eGov IPO –Competitive Strengths

 

  • Pioneer and market leader in universal, citizen centric and population scale e-governance solutions;
  • Secure, scalable and advanced technology infrastructure;
  • Large physical infrastructure with pan-India network and scale;
  • Diversified, granular and annuity based service offerings;
  • Track record of healthy financial performance.

 

Object Of The Issue

 

  • The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholders as part of the Offer.

 

Protean eGov IPO GMP Today

 

IPO GMP Kostak Subject to Sauda
120

 

Protean eGov IPO Allotment Status

 

Protean eGov IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

 

 

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