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Protean eGov Technologies IPO

Protean eGov Technologies Ltd., is one of the key IT enabled service providers engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. The company has extensively collaborated with the government over the last 25 years in creating digital public infrastructure and developing innovative citizen centric e-governance solutions. The company’s core strength lies in not just enabling technology, but also providing the necessary interventions for ecosystem creation and adoption of new technologies and business models.

The company has filed for an IPO with SEBI which comprises of an offer for sale of 1.20 crore shares. There will be no fresh issue component in the upcoming IPO

Opening Date

06th Nov

Closing Date

08th Nov

Price Band

₹ 752 - ₹ 792

Issue Size

₹ 490 Cr

Face Value

₹ 10

Market Lot

18 shares

Listing at NSE,BSE
IPO Open Date 06 Nov
IPO Close Date 08 Nov
Allotment Date 13 Nov
Initiation Of Refunds 15 Nov
Credit Of Shares To
Demat Account		 16 Nov
IPO Listing Date 17 Nov

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

Know before investing

Strengths Risks
Pioneer and market leader in universal, citizen centric and population scale e-governance solutions Data security breaches can compromise the company’s reputation and its profit
Secure, scalable and advanced technology infrastructure The company’s client contracts can typically be terminated without cause, which could negatively impact our revenues and profitability
Large physical infrastructure with pan-India network and scale resulting in inclusion; The company may not meet the selection criteria set for high value contracts by the Government.

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

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.

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

How to open a Demat & Trading Account?

Demat & Trading Account
Form fill up Demat & Trading Account

Fill up your personal details in the form above

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OTP Authentication Demat & Trading Account

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How to open a Demat & Trading Account?

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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • Protean eGov Technologies IPO will raise Rs 850 crore through public route, costing Rs 200 crore in fresh shares and Rs 650 crore in offer for sale.

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.