Protean eGov Technologies, founded in 1995, is one of India’s leading IT-enabled solution providers, conceptualizing, creating, and implementing nationally critical and population-scale greenfield technology solutions. The company has played a critical role in the construction of national infrastructure for the development of India’s financial markets. It has created and deployed some of India’s most critical technology infrastructure.
Protean eGov Technologies has built and managed 19 projects across seven ministries and autonomous bodies since December 31, 2022, ushering in a transformation in public service delivery. PAN issuance, TIN, OLTAS, CRA for the National Pension System (NPS), and Atal Pension Yojana (APY) are among the projects undertaken by the organisation. Since fiscal year 2001, the company has been profitable and has routinely declared and paid dividends.
Protean eGov Technologies Objective
- The IPO is an offer for sale. Hence, the company will not receive any proceeds from the offer.
Why should you invest in the Protean eGov Technologies IPO?
Here are our top reasons:
- Protean eGov Technologies will be a leading e-governance firm in 2020. Since their founding, they have created and managed eighteen projects across seven ministries.
- The organization is involved in the execution, implementation, and modernization of various significant projects, including the modernization of India’s direct tax infrastructure, which includes PAN, TIN, and Online Tax Accounting Systems (OLTAS), among others.
- The organization has extensive market expertise and is a pioneer in technological adaptation and execution.
Protean eGov IPO Details
| Protean eGov IPO Dates | 06 Nov 2023 – 08 Nov 2023 |
| Protean eGov IPO Price | ₹752 to ₹792 per share |
| Fresh issue | Nil |
| Offer For Sale | 6,191,000 shares |
| Total IPO size | 12,080,140 shares |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Shareholder reservation | 10% |
| Listing On | BSE |
Protean eGov Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 9M 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 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 | – | – | – |
Protean eGov IPO Subscription – Live Updates
- Coming soon
Protean eGov IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalisation of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Protean eGov IPO Listing Date | Coming soon |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Protean eGov Technologies IPO Financials
| Particulars | FY21 | FY20 | FY19 |
|---|---|---|---|
| Revenue From Operation | 6,031.32 | 7,161.39 | 7,552.40 |
| EBITDA | 848.43 | 1,477.50 | 1,770.18 |
| EBITDA Margin (%) | 14.07 | 0.63 | 3.44 |
| Profit After Tax | 921.85 | 1,218.54 | 1,235.30 |
| EPS | 23.00 | 30.41 | 30.86 |
| ROE | 13.81 | 16.17 | 18.56 |
Protean eGov Offer Lead Manager
IIFL SECURITIES LIMITED
10th Floor, IIFL Centre, Kamala City,
Senapati Bapat Marg, Lower Parel (West),
Mumbai 400 013, Maharashtra
Phone: +91 22 4646 4728
Email: [email protected]
Website: https://www.iiflcap.com
Protean eGov Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: 022 4918 6200
Email: [email protected]
Website: https://www.linkintime.co.in
Protean eGov Contact Details
PROTEAN eGOV TECHNOLOGIES LIMITED
Times Tower, 1st Floor, Kamala Mills Compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013, Maharashtra
Phone: +91 22 4090 4242
E-mail: [email protected]
Website: https://www.proteantech.in
Protean eGov Offer News
- Protean eGov RHP
- Protean eGov Draft Prospectus
- Upcoming IPOs in October 2023
- ASBA IPO Forms
- Live IPO Subscription Status
Know before investing
Strengths
- Protean eGov Technologies is a pioneer and a market leader in universal, citizen-centric and population-scale e-governance solutions.
- They have made investments in technologies that have strengthened their competitive advantages and helped increase their operating leverage.
- The company has a large infrastructure with a pan-India network and scale, resulting in inclusion.
Risks
- The primary revenue source for the company is the government and agencies associated with the GoI.
- Data security breaches can compromise the company’s reputation and profits.
- If the company fails to provide solutions that meet the client’s requirements, it can adversely affect future cash flow.
Protean eGov Technologies IPO FAQs:
Q1. What is Protean eGov Technologies IPO?
Ans. Protean eGov Technologies has filed prospects to sell 1.20 crore equity shares in an IPO.
Q2. When will Protean eGov Technologies IPO allotment be available?
Ans. Details are not available.
Q3. What will be Protean eGov Technologies IPO lot size?
Ans. Protean eGov Technologies IPO lot size is 12,080,140 shares.
Q4. When will Protean eGov Technologies IPO open for subscription?
Ans. Details are not available.
Q5. What minimum lot size can retail investors subscribe to?
Ans. Retail investors can apply for a minimum of one lot.
Q6. When will Protean eGov Technologies list on exchanges?
Ans. It usually takes ten working days from the last day of subscription to list the IPO on the bourses.
Q7. What would be the listing gains on Protean eGov Technologies IPO?
Ans. Listing gain is the difference between the IPO’s opening and offer prices. The listing gain results from changing investors’ interests, global parameters, and short-term vs. long-term outlooks.
Q8. I have finished the application process for Protean eGov Technologies IPO, but the funds are not yet debited. What is the reason?
Ans. The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
Q9. How do I approve the UPI mandate request for Protean eGov Technologies IPO?
Ans. Login to your UPI handle and approve the payment mandate to complete the IPO application process.
Q10. Can I submit more than one application for the public issue of Protean eGov Technologies using one PAN?
Ans. You can submit only one application using one PAN card.
Q11. What is the minimum order quantity for Protean eGov Technologies IPO?
Ans. The minimum size of the application will be one lot.
