
Industrial & Financial Services · NSE / BSE
Incorporated in 1995, Protean eGov Technologies Limited (formerly NSDL e-Governance Infrastructure Limited) is a leading technology company that has been developing large-scale, citizen-centric e-governance solutions for over two decades. The company has played a key role in building critical digital infrastructure in India, especially in the capital markets. As of December 2022, it has implemented and managed 19 projects across various ministries. Protean has achieved major milestones such as modernizing the country’s direct tax systems through PAN issuance, enabling social security for unorganized sector workers through its role as CRA for Atal Pension Yojana, improving access to education and skill financing through platforms like Vidya Lakshmi and Vidyasaarathi, and contributing to open digital ecosystems such as ONDC across multiple sectors like e-commerce, mobility, healthcare, agriculture, and education.
Price Band
₹752 – ₹792
Issue Size
₹490 Cr
Lot Size
18 shares
GMP
+6.9%
Est. Listing
₹847
at current GMP
Subscribed
25.13x
overall
Open
6 Nov 2023
Close
8 Nov 2023
Allotment
10 Nov 2023
Refund
11 Nov 2023
Demat Credit
12 Nov 2023
Listing
13 Nov 2023
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹792
Band: ₹752 – ₹792
Estimated Listing Price
₹847
Upper price + GMP
Lot Size
18 shares
Min investment ₹14,256
Estimated Profit / Lot
₹990
18 × ₹55
Grey Market Premium trend
+₹55
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹55 | 6.9% | ₹847 |
| 30 Oct 2026 | +₹55 | 6.9% | ₹847 |
| 29 Oct 2026 | +₹50 | 6.3% | ₹842 |
GMP is unofficial market data. Not a guarantee of listing performance.
Protean eGov Technologies Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹490.33 Crores. The shares are offered at a price band of ₹752 to ₹792 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-11-08, the basis of allotment is scheduled to be finalized on 2023-11-10. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Ltd) or the BSE allotment checking window.
The latest grey market premium for Protean eGov Technologies Limited IPO is ₹55, which indicates an expected listing price of ₹847.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.