IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
About Company
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.
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 TechnologiesObjective
- 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 ProteaneGov TechnologiesIPO?
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.
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.
IPO Financials
Particulars | 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 |
Know before investing
Strengths
3Protean eGov Technologies is a pioneer and a market leader in universal, citizen centric and population scale e-governance solutions.
They have made investments in technologies that have strengthened their competitive advantages and helped increase their operating leverage.
The company has a large infrastructure with PAN India network and scale resulting in inclusion.
Risks
3The primary revenue source for the company is the government and agencies associated with the GoI.
Data security breaches can compromise the company’s reputation and its profit.
If the company fails to provide solutions that meet client’s requirements can adversely affect future cash flow.

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

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