The Protean EGov Technologies date has been confirmed as November 6, 2023, ending on November 8, 2023. Read the post to learn about Protean EGov Technologies IPO.
Protean eGov Technologies, one of the Indian IT-enabled solutions providers founded in 1995, is a game changer in this area as it conceptualizes, creates, and implements national-level critical and almost population-scale technology solutions. Protean EGov Technologies IPO GMP Today is ₹[48]. It is hard to underestimate this organisation’s role in building the nation’s structure for financial market creation in developing India. It establishes and operates some of the country’s most significant state-of-the-art technology equipment.
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Key Details Of Protean eGov Technologies IPO:
Bidding Dates
November 6 – 8
Price Range
₹752 to ₹792 per share
Face Value
₹10 per share
GMP
₹48
Protean EGov Technologies GMP
The Protean EGov Technologies IPO GMP Today is ₹[48].
Protean EGov Technologies IPO Overview
Protean Technologies eGov IPO subscription was initiated on November 6, 2023 and was completed on November 8, 2023. The issue price was officially decided on Monday, November 13, 2023. The shares were listed on BSE on November 23, and the launch price was INR 110.
Protean eGov Technologies’ IPO price range is set at ₹752 to ₹792 per share. The minimum lot size for an application is 18 shares. The minimum investment for retail investors is ₹14,256. The minimum lot size investment for sNII is 15 lots (270 shares) for ₹213,840, while for bNII, it is 71 lots (1,278 shares) worth ₹1,012,176.
Protean EGov Technologies IPO Date & Price Band Details
| IPO Date | November 6, 2023 to November 8, 2023 |
| Listing Date | November 13, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹752 to ₹792 per share |
| Lot Size | 18 Shares |
| Total Issue Size | 6,191,000 shares (aggregating up to ₹490.33 Cr) |
| Offer for Sale | 6,191,000 shares of ₹10 (aggregating up to ₹490.33 Cr) |
| Employee Discount | Rs 75 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Share holding pre issue | 40,446,732 |
| Share holding post issue | 40,446,732 |
Protean EGov Technologies IPO Market Lot
Investors can bid for a minimum of 18 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Retail (Min) | 1 | 18 | ₹14,256 |
| Retail (Max) | 14 | 252 | ₹199,584 |
| S-HNI (Min) | 15 | 270 | ₹213,840 |
| S-HNI (Max) | 70 | 1,260 | ₹997,920 |
| B-HNI (Min) | 71 | 1,278 | ₹1,012,176 |
Protean EGov Technologies IPO Allotment & Listing Dates
Protean eGov Technologies IPO opens on November 6, 2023, and closes on November 8, 2023.
| IPO Open Date | Monday, November 6, 2023 |
| IPO Close Date | Wednesday, November 8, 2023 |
| Basis of Allotment | Monday, November 13, 2023 |
| Initiation of Refunds | Wednesday, November 15, 2023 |
| Credit of Shares to Demat | Thursday, November 16, 2023 |
| Listing Date | Monday, November 13, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2023 |
Protean EGov Technologies Financial Performance
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 716.14 | 603.13 | 690.91 | 510.22 |
| Expenses | 597.02 | 536.03 | 584.55 | 441.06 |
| Net income | 118.07 | 89.33 | 147.56 | 74.78 |
| Margin (%) | 16.49 | 14.81 | 21.38 | 14.66 |
Protean EGov Technologies Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 30.41 | 23.00 | 35.75 |
| PE ratio | – | – | – |
| RONW (%) | 16.17 | 13.81 | – |
| NAV | – | 166.65 | – |
| ROCE (%) | 16.17 | 13.48 | 22.91 |
| ROE (%) | 16.17 | 13.81 | 18.27 |
| EBITDA (%) | 20.63 | 14.07 | 17.92 |
| Debt/Equity | – | – | – |
Company Profile
The company was founded in 1988; Protean EGov Technologies Limited, which is well regarded in the auto ancillary industry, manufactures Advance Braking Systems (AB) designed for different kinds of vehicles. Catching more than 50% of production volume for FY2023, Protean EGov Technologies serves the Original Equipment Manufacturers (“OEMs”) and also the branded Independent Aftermarket (“IAM”). In addition to our strong position at OEMs, we also excel in branded independent aftermarkets. To begin with, Protean EGov Technologies is a modality product, and it has been leading the branded independent aftermarket (IAM) segment in India regarding the production value of 2-wheelers as of FY21.
The firm provides a wide range of goods, such as AB systems, aluminium lightweight precision (“ALP”) solutions, wheel assembly for 2W OEMs, and safety control cables (“SCC”). These high-quality products are used in two- and three-wheelers, passenger vehicles, commercial vehicles, and non-automotive industries such as all-terrain vehicles (“ATVs”), power tools, and outdoor equipment.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | 022 4918 6200 |
| Email ID | [email protected] |
| Website | https://www.linkintime.co.in |
Contact Details
| Name | PROTEAN eGOV TECHNOLOGIES LIMITED |
| Phone number | +91 22 4090 4242 |
| Email ID | [email protected] |
| Website | https://www.proteantech.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Protean EGov Technologies FAQs
When Protean eGov Technologies IPO will open?
The Protean eGov Technologies IPO opens on November 6, 2023 and closes on November 8, 2023.
What is the lot size of Protean eGov Technologies IPO?
Protean eGov Technologies IPO lot size is 18 Shares, and the minimum amount required is ₹14,256.
When is Protean eGov Technologies IPO allotment?
The finalization of Basis of Allotment for Protean eGov Technologies IPO will be done on Monday, November 13, 2023, and the allotted shares will be credited to your demat account by Thursday, November 16, 2023.
When is Protean eGov Technologies IPO listing date?
The Protean eGov Technologies IPO listing date is on November 13, 2023.
