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Protean eGov Technologies IPO

Open 6th Nov 2023 · Close 8th Nov 2023 · Listing 13th Nov 2023

Price Band₹752.00–₹792.00
Live GMP₹48.00
Subscription23.86×
Issue Size₹489.95 Cr
Allotment13th Nov 2023

At a glance

Updated 2026-08-25

Protean eGov Technologies is a Mainboard IPO with an issue size of ₹489.95 crore, proposed for listing on BSE. The offer opens on 6th Nov 2023 and closes on 8th Nov 2023. The issue structure includes an offer-for-sale component of ₹489.95 crore.

Issue details

Listing atBSE
Issue typeBook Build Issue
Issue size₹489.95 Cr
Offer for sale₹489.95 Cr
Face value₹10
Price band₹752.00–₹792.00
Allotment13th Nov 2023
Listing13th Nov 2023

Grey market

GMP page ↗
Latest GMP₹48.00
GMP / upper price6.06%
Est. listing₹840.00
GMP is unofficial sentiment data, not an exchange price.

Timeline

Opens6th Nov 2023
Closes8th Nov 2023
Allotment13th Nov 2023
Refund15th Nov 2023
Demat16th Nov 2023
Listing13th Nov 2023

Subscription demand

Full bidding ↗
Total23.86×

Lot size

InvestorLotsSharesAmount
Minimum Bid118₹14,256

Company

31 Mar 2021

Assets862.39
Total Income652.03
Profit After Tax92.19
NET Worth667.46
Reserves and Surplus627.14

31 Mar 2022

Assets988.14
Total Income770.18
Profit After Tax143.94
NET Worth788.00
Reserves and Surplus747.43

31 Mar 2023

Assets1,104.10
Total Income783.87
Profit After Tax107.04
NET Worth856.94
Reserves and Surplus816.33

30 Jun 2023

Assets1,133.86
Total Income233.17
Profit After Tax32.21
NET Worth888.10
Reserves and Surplus847.48
Trend chart₹ crore

KPIs

KPI
ROE
ROCE
RoNW
PAT Margin

Valuation & shareholding

Pre-IPO EPS26.48
Pre-IPO P/E29.91
Post-IPO P/E24.86
Market cap₹3203.38 Cr.

Issue expenses

ExpenseAmount
Book Running Lead Managers fees and commissions (including any underwriting commission, brokerage and selling commission)₹13.02 Cr
Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs(2)(3)(4)(5)₹4.32 Cr
Fees payable to the Registrar to the Offer₹0.24 Cr
Fees payable to other parties, including but not limited to Statutory Auditors, Independent Chartered Accountant and industry expert₹4.84 Cr
Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses₹1.81 Cr
Printing and stationery₹1.54 Cr
Advertising and marketing expenses₹8.50 Cr
Fees payable to legal counsels₹7.65 Cr
Miscellaneous₹3.64 Cr

Registrar & lead managers

Registrar

MUFG Intime India Pvt.Ltd.

Lead managers

  • ICICI Securities Ltd.

Offer documents

Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-25.