November 10, 2023
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PROTEAN eGOV TECHNOLOGIES IPO GMP today Details @ Chanakyanipothi.com
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PROTEAN eGOV TECHNOLOGIES IPO Post Listing Review:
On 13 th November 23, the scrip is listed at Rs. 792, at par with the issue price. The company has very strong and growing business and the listing is not correct reflection of its strengths. Post listing, we strongly suggest to accumulate the shares, which can provide ample returns in the medium term.
PROTEAN eGOV TECHNOLOGIES IPO Guidance:
https://youtu.be/7tvxnSUo1Jo
To the Point Guidance:
The company is one of the key IT-enabled solution companies in India engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. It collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.
2. Strong and consistent profitability.
3. Huge potential to expand in overseas Territories.
4. IPO size (net of angle portion) is just Rs. 346.79 Cr.
5. The IPO is very reasonably priced (@PE of 29.89) and leaves large room for listing gains.
6. Must apply. If you donot get allotment, buy on listing-day and offers good scope for gains just like Cams, Kfin etc.
PROTEAN eGOV IPO Grey Market Updates
Premium: Rs.35
Retail Application Rs. –
Retail Subject to Rs. –
Kostak Rs. –
Subject to Rs. 75000
PROTEAN eGOV IPO Subscription Status
On 8 November 2023 @ 5.00 (Day 3) (Closed)
Review: NII flow improved now.
QIB: 1208200 Shares 46.94 T
NII(10L+): 604100 Shares 28.56 T
NII (<10L) 302050 Shares 33.14 T
NII (Total) 906150 Shares 31.62 T
RII: 2114350 Shares 8.89 T
Emp: 150000 Shares 1.49 T
Total: 4378700 Shares 23.84 T
Promoters of PROTEAN eGOV TECHNOLOGIES IPO
The company is a professionally managed company and doesnot have any identifiable promoter
PROTEAN eGOV TECHNOLOGIES IPO Particulars & Review: Its Business
PROTEAN eGOV TECHNOLOGIES is one of the key IT-enabled solution companies in India engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. It collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions. It was originally setup as a depository in 1995 and created a systemically important national infrastructure for capital market development in India.
It has been the chief architect and implementer for some of the most critical and largescale technology infrastructure projects in India. It believes its solutions have led to identification of bottlenecks in government services, increased transparency and efficiency, redefined delivery of public services and led to a reduction in service delivery costs. It is among the leading Indian companies in the e-governance sector in terms of profitability, operating income, operating profit and operating profit margin in Fiscal 2020. It is a professionally managed company and are led by an experienced senior management team whose expertise and industry experience have helped it grow its operations and innovate its services.
Since inception, it has implemented and managed 19 projects spread across seven ministries and autonomous bodies ushering change in public delivery of services.
For more information, click https://www.proteantech.in/
What are the Objects of PROTEAN eGOV TECHNOLOGIES IPO?
The IPO comprises only offer for Sale.
The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Selling Shareholders
| PROTEAN eGOV TECHNOLOGIES IPO Details | |
| IPO opens on | 6 November,2023 |
| IPO closes on | 8 November,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6191000 Sh/Rs 490.33 Cr |
| * Fresh Issue | – Sh/Rs – Cr |
| * Offer for Sale | 6191000 Sh /Rs 490.33 Cr |
| for exmployees | – shares |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 752-792 |
| Employee discount | Rs. 74 per share |
| Retail Lot Size | 18 Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (50 %) | 3095500 | 245.17 |
| NII (15 %) | 928650 | 73.55 |
| RII (35 %) | 2166850 | 171.61 |
| Employees | – | – |
| Total Shares | 6191000 | 490.33 |
| Retail portion will be oversubscribed by | ? Forms | |
| How much Shares to Apply? | Rs. | |
| Min Retail Application | 18 Shares | 14256 |
| Max Retail Application | 252 sh | 199584 |
| Small HNI (Min) application | 270 Sh | 213840 |
| Small HNI (Max) application | 1260 sh | 997920 |
| Big HNI Application | 1278 sh | 1012176 |
| PROTEAN eGOV TECHNOLOGIES IPO Tentative timetable |
|
| IPO opens on. | 6 November 2023 |
| IPO Closes on | 8 November 2023 |
| IPO Allotment on | 13 November 2023 |
| Unblocking of ASBA | 15 November 2023 |
| Credit of Shares | 16 November 2023 |
| Listing on | 17 November 2023 |
| Registered Office of the company | |
| Protean eGov Technologies Limited Times Tower, 1st Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013 |
|
| IPO Lead Managers ICICI Securities Limited Equirus Capital Pvt ltd Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd |
|
| Registrar to IPO | |
| Link Intime India Private Limited |
| PROTEAN eGOV TECHNOLOGIES IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 652 | 92 | 23.02 | 13.81 |
| 2021-22 | 770 | 144 | 35.78 | 18.27 |
| 2022-23 | 784 | 107 | 26.50 | 12.49 |
| Book Value of the Share on | 31.03.2023 | Rs.212 | ||
| Book Value of the Share | after the IPO | Rs.? | ||
| Offer Price | Rs. 792 | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | 29.89 |
| Upper offer price/Book Value Ratio | 3.74 |
| Upper offer price/BV after IPO Ratio | ? |
PROTEAN eGOV TECHNOLOGIES IPO Particulars & Review:
Peer Comparison
There is no listed company in India that engage in a business similar to that of this Company.
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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