What is the issue size of Protean eGov IPO?

The issue size of the Protean eGov IPO is Rs 490.33 cr

What is 'pre-apply' for Protean eGov IPO?

Pre-apply will alow you to apply for the Protean eGov IPO 2 days before the subscription period starts.

If I pre-apply for Protean eGov IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Protean eGov IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Protean eGov IPO order is placed?

We will notify you when your Protean eGov IPO order is placed with the exchange.

What are the open and close dates of the for Protean eGov IPO?

Protean eGov IPO will be open between 6 Nov - 8 Nov, 2023.

What is the lot size and minimum order quantity of the Protean eGov IPO?

Protean eGov Limited IPO lot size is 18 shares.

What are the allotment dates for the Protean eGov IPO?

Protean eGov IPO allotment date is 13 Nov, 2023. For Protean eGov IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Protean eGov IPO?

Protean eGov IPO registrar is Link Intime India Private Limited. You can check Protean eGov IPO allotment status on the website of the registrar.. You can check Protean eGov IPO allotment status on the website of the registrar.

Where is the Protean eGov IPO getting listed?

The shares are proposed to be listed on BSE.

Protean eGov IPO

Protean eGov Limited

₹13,536 /18 sharesMinimum Investment

Protean eGov IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹792.00₹792.00₹0.00 (0.00%)
Protean eGov IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
6 Nov ‘23 - 8 Nov ‘23₹13,53618₹752 - ₹792
Issue SizeIPO Doc
490.33CrRHP PDF
Subscription Status As on 08 Nov '23, 5:00 PMQualified Institutional Buyers
46.94x
Non-Institutional Investor
31.62x
Retail Individual Investor
8.93x
Employees
1.49x
Total
23.86x
About Protean eGovProtean eGov is an IT solutions company in India. It specializes in creating and implementing large-scale greenfield technology solutions of national significance. Its close collaboration with the government has allowed it to establish a robust digital public infrastructure and deliver innovative citizen-centric e-governance solutions.
Founded in 1995 as a depository, Protean eGov has been an implementer of critical technology infrastructure projects across the country.
;
Parent Organisation
Protean eGov Limited
Founded
1995
Managing Director
Mr. Suresh Kumar Sethi
Strengths & Risks
Protean eGov operates in India and is actively involved in building open digital ecosystems. They have played a significant role in contributing to open-source communities and protocols, particularly in support of ONDC.
In 2023, they achieved top rankings among India's IT-enabled e-governance service providers regarding profitability and operating income. 
Protean eGov is recognized as a market leader in delivering essential e-governance services, including TIN management, PAN processing, NPS, and Atal Pension Yojana.
They have successfully implemented and managed large-scale projects, completing 19 projects across seven ministries in India by June 30, 2023.
In their TIN project, Protean eGov handled a substantial volume of e-tax transactions. In 2023, they achieved over 156,000 e-tax transactions per hour. On average, in the three months ending June 30, 2023, they managed more than 4.58 million PAN applications per month.
Their uptime percentage exceeded 99.00% in the last 3 years and the 3 months ending on June 30, 2023.
Protean eGov prioritizes security with a multi-zone and three-tier architecture, robust encryption, dual firewalls for core and perimeter protection, and an intrusion prevention system. It monitors the logs of its firewalls and intrusion prevention system.
As of June 30, 2023, Protean eGov operates a network of 7,121 TIN facilitation centers across 1,652 locations, accepting various statements from taxpayers, including tax deducted at source, tax collected at source, annual information returns, and statements of specified financial transactions.
They expanded their TIN network from 5,956 facilitation centers as of March 31, 2021, to 6,988 as of March 31, 2023. Additionally, Protean eGov extended its reach through partnerships with distribution networks like Nearby Technologies Private, Fino Payments Bank, Vakrangee, and Payworld Digital Services Private..
Protean eGov's reliance on government projects exposes the company to inherent risks. These projects form a significant part of their business, and any issues in dealing with government entities could harm their business, financial health, and overall performance.
Client contracts allow for termination without a specific cause, which could have a negative impact on Protean eGov's revenues and profitability.
The company faces ongoing legal actions, and an unfavorable outcome in these cases could result in financial liabilities and penalties and damage its business, financial stability, cash flow, and reputation.
Protean eGov is involved in major greenfield technology projects of national significance. Any inability to carry out these projects successfully could harm their business, financial condition, results, and cash flow. Moreover, as these projects involve handling sensitive personal data, they may face increased scrutiny from regulatory bodies and the government.
The prices for their e-governance services are determined by recommended or mandatory fees outlined in agreements with Central or State Governments.
Protean eGov's subsidiary, Protean Account Aggregator Limited (formerly known as NSDL e-Governance Account Aggregator Limited), may not have a certain revenue stream from its account aggregation business.
The company has experienced negative cash flows from operating activities in the past and may continue to face similar challenges in the future.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹752 - 792₹2 Lakh
Employee₹677 - 717₹2 Lakh
High Networth Individual₹752 - 792₹2 - 5 Lakh
For Protean eGov IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹792.00	₹792.00	₹0.00 (0.00%)

Bidding Dates	Min. Investment	Lot Size	Price Range
6 Nov ‘23 - 8 Nov ‘23	₹13,536	18	₹752 - ₹792

Issue Size	IPO Doc
490.33Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹752 - 792	₹2 Lakh
Employee	₹677 - 717	₹2 Lakh
High Networth Individual	₹752 - 792	₹2 - 5 Lakh

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