The Protean eGov Technologies IPO started on November 6, 2023, and ended on November 8, 2023. Shares were allocated on November 13, 2023, and refund processes began on November 15, 2023. On November 16, 2023, the shares were credited to investors demat accounts. Protean eGov Technologies was officially listed on the stock exchange on November 17, 2023.
During the IPO, Protean eGov Technologies offered shares at a price range of ₹752 to ₹792 per share, and the lot size was 18 shares. The total issue size was ₹490.33 crores and ₹490.33 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
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Protean eGov Technologies IPO Subscription Status
The Protean eGov Technologies IPO on November 6, 2023 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times and the Employee category being subscribed times.
| Category | Subscription |
| QIB | x |
| NII | x |
| Retail | x |
| Employee | x |
| Total | x |
Protean eGov Technologies IPO Basic Details
| Company Name | Protean eGov Technologies Limited |
| Domain of Company | E-Governance Solutions Provider |
| 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 |
About Protean eGov Technologies Limited
Protean eGov Technologies Limited, which began in December 1995 under the name NSDL e-Governance Infrastructure Limited, has been in the business of creating people-friendly e-governance solutions for over 20 years.
The company has played a significant role in building India’s capital market infrastructure. They’ve also crafted and put into action some crucial technological systems in India.
Starting in December 2022, they’ve managed 19 projects spanning different ministries.
Protean eGov Technologies has hit several milestones, including:
- Modernizing the direct tax system with projects like PAN issuance.
- Creating a technology infrastructure for the Atal Pension Yojana, ensuring universal social security, especially for unorganized sector workers.
- Improving access to education and skill financing through efficient digital marketplaces like Vidya Lakshmi and Vidyasaarathi.
- Contributing to open digital building blocks, such as the Open Network for Digital Commerce (ONDC), serving sectors like e-commerce, mobility, healthcare, agriculture, and education. Notably, they are key early contributors to the open-source community and protocols that drive ONDC.
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Protean eGov Technologies IPO FAQs
What is the start and end date of Protean eGov Technologies IPO Subscription?
The Protean eGov Technologies IPO started on November 6, 2023, and ended on November 8, 2023.
When does Protean eGov Technologies IPO Subscription open?
The Protean eGov Technologies IPO open on November 6, 2023.
When does Protean eGov Technologies IPO Subscription close?
The Protean eGov Technologies IPO Close on November 8, 2023.
What is the allotment date of Protean eGov Technologies IPO?
The allotment date for Protean eGov Technologies IPO is November 13, 2023.
When is the initial refund date of Protean eGov Technologies IPO?
The initial Refund date for Protean eGov Technologies IPO is November 15, 2023.
When were the shares credited to investors demat accounts for the Protean eGov Technologies IPO?
The shares for the Protean eGov Technologies IPO were credited to investors demat accounts on November 16, 2023.
When will Protean eGov Technologies IPO be listed on the stock market?
Protean eGov Technologies IPO stock market will be listed on November 17, 2023 at 10 am.
What was the price range of the Protean eGov Technologies IPO shares?
The Protean eGov Technologies IPO shares were offered at a price range of ₹752 to ₹792 per share.
What was the lot size for the Protean eGov Technologies IPO shares?
The lot size for the Protean eGov Technologies IPO shares was 18 shares.
What was the total issue size of the Protean eGov Technologies IPO?
The total issue size of the Protean eGov Technologies IPO was ₹490.33 crores.
How were the shares allocated among different types of investors for the Protean eGov Technologies IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Protean eGov Technologies IPO listed?
The Protean eGov Technologies IPO was listed on both the NSE and BSE.
What is the Protean eGov Technologies IPO Subscription Status?
Protean eGov Technologies IPO is subscribed Times.
