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Protean eGov Technologies IPO

Protean eGov Technologies has submitted DRHP to sell equity shares through the public route. The company will issue 1.20 crore equity shares with face value of Rs 10. However, the company has revealed the total size of the issue.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

Protean eGov Technologies IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About Protean eGov Technologies

Protean eGov Technologies is one of the leading Indian companies in the e-governance sector in terms of profitability, operating income, operating profit and operating profit margin in Fiscal 2020.

They are engaged in conceptualising, developing and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government to create public digital infrastructure and innovative citizen-centric solutions.

Protean eGov Technologies IPO Objectives

• The IPO is an offer for sale issue. 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 is a leading e-governance company in 2020. They have developed and managed eighteen projects across seven ministries since inception.
  • The company is associated with executing, implementing, and modernisation of several key projects like modernisation of direct tax infrastructure in India involving PAN, TIN, and Online Tax Accounting Systems (OLTAS) and others.
  • The company has significant market experience and a leader in technology adaptation and implementation.

Financial Highlights

Particulars For the year/period ended (₹ in million)
  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

How to apply for Protean eGov Technologies IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Protean eGov Technologies IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Angel One user, Pre-Apply Now!
  • If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.

Protean eGov Technologies IPO Noteworthy Highlights:

  • The company has generated positive cash flow over the years.
  • The company’s cash flow from operating activities was Rs 1,359.44 million, Rs 535.10 million, Rs 1,001.19 million for 2019, 2020, and 2021 Fiscals respectively.

The Brand’s Pros & Cons:

Pros Cons
Protean eGov Technologies is a pioneer and a market leader in universal, citizen centric and population scale e-governance solutions. The primary revenue source for the company is the government and agencies associated with the GoI.
They have made investments in technologies that have strengthened their competitive advantages and helped increase their operating leverage. Data security breaches can compromise the company’s reputation and its profit.
The company has a large infrastructure with PAN India network and scale resulting in inclusion. If the company fails to provide solutions that meet client’s requirements can adversely affect future cash flow.

Competitive Peers

There is no similar company in India that engages in a business similar to that of Protean eGov Technologies. Hence, a strict comparison is not possible.

Protean eGov Technologies IPO FAQs

What is Protean eGov Technologies IPO?

Protean eGov Technologies has filed prospects to sell 1.20 crore equity shares in an offer for sale IPO.

When will Protean eGov Technologies IPO allotment be available?

Details are not available.

What will be Protean eGov Technologies IPO lot size?

Details are not available.

When will Protean eGov Technologies IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

When will Protean eGov Technologies list on exchanges?

It usually takes ten working days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of Protean eGov Technologies IPO?

Angel One customers can log in to their accounts to check Protean eGov Technologies IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.

What would be the listing gains on Protean eGov Technologies IPO?

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 vs long-term outlooks.

I have finished the application process for Infinion Biopharma Ltd. IPO, but the funds are not yet debited. What is the reason?

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.

How to approve the UPI mandate request for the Protean eGov Technologies IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of Protean eGov Technologies using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for Protean eGov Technologies IPO?

The minimum size of the application will be one lot.

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