Protean eGov IPO
Founded in 1995, Protean eGov Technologies is a leading provider of IT-enabled solutions in India, specialising in the design, development, and implementation of greenfield technology solutions that are population-scale and strategically important. The company has been essential to the building of India’s national infrastructure for the growth of the capital market. It is responsible for developing and implementing some of India’s most important technology infrastructure.
Protean eGov Technologies has been implementing and managing 19 projects across seven ministries and autonomous bodies since June 30, 2023, bringing about a transformation in the way public services are delivered. The National Pension System (NPS) CRA, TIN, OLTAS, PAN issuance, and Atal Pension Yojana (APY) are a few of the programmes the business manages.
The company has been profitable since FY 1999 and has consistently declared and paid dividends since FY 2001.
Protean eGov IPO Details
| Signature Global IPO Details | ||
|---|---|---|
|
Protean eGov IPO Dates |
6 – 8 November 2023 |
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|
Protean eGov IPO Price |
INR 752 – 792 per share
(Employee Discount – INR 75 per share)
|
|
|
Fresh issue |
Nil |
|
|
Offer For Sale |
6,191,000 shares (INR 465.56 – 489.95 crore) |
|
|
Total IPO Size |
6,191,000 shares (INR 465.56 – 489.95 crore) |
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Minimum bid (size) |
18 shares (INR 14,256) |
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|
Face Value |
INR 10 per share |
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|
Retail Allocation |
35% |
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Listing On |
BSE |
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Protean eGov Financial Performance
| Signature Global Financial Performance | ||||
|---|---|---|---|---|
|
|
FY21 |
FY22 |
FY23 |
Q1 FY 24 |
|
Revenue |
603.13 |
690.91 |
742.21 |
220.40 |
|
Expenses |
536.03 |
584.55 |
643.45 |
191.44 |
|
Net income |
89.33 |
147.56 |
106.21 |
27.78 |
|
Margin (%) |
14.81 |
21.38 |
14.31 |
12.60 |
Figures in INR Crore unless specified otherwise