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 IPO.
Listing at NSE, BSE
|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
|To be announced|
|IPO Listing Date||To be announced|
|UPI Mandate Expiry Date||To be announced|
|Particulars||For the year/period ended (₹ in million)|
|Revenue From Operation||6,031.32||7,161.39||7,552.40|
|EBITDA Margin (%)||14.07||0.63||3.44|
|Profit After Tax||921.85||1,218.54||1,235.30|
Pioneer and market leader in universal, citizen centric and population scale e-governance solutions
Secure, scalable and advanced technology infrastructure
Large physical infrastructure with pan-India network and scale resulting in inclusion;
Data security breaches can compromise the company’s reputation and its profit
The company’s client contracts can typically be terminated without cause, which could negatively impact our revenues and profitability
The company may not meet the selection criteria set for high value contracts by the Government.
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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.