Protean eGov Technologies Limited
ListedMainboardIndustrial & 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
₹55
+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 12 days ago
Overall Subscription
25.13x
Total Demand
QIB Multiplier
49.43x
Institutions & Funds
NII / HNI
33.30x
High Net-Worth
Retail (RII)
9.40x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,147,180 | 56,709,342 | 49.43x |
| NIB | 860,385 | 28,653,570 | 33.30x |
| HNIs(10L +) | 573,590 | 20,020,662 | 34.90x |
| HNIs (2-10L) | 286,795 | 8,632,908 | 30.10x |
| RETAIL | 2,007,565 | 18,877,590 | 9.40x |
| EMPLOYEES | 142,424 | 223,614 | 1.57x |
| Total | 5,017,939 | 133,117,686 | 25.13x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 120,381 | 1,131,581 | 9.40x |
| HNIs (10L +) | 770 | 25,641 | 33.30x |
| HNIs (2-10L) | 3,685 | 122,710 | 33.30x |
| Total Applications | 124,836 | 1,279,932 | 10.25x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Protean eGov Technologies Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is Protean eGov Technologies Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Protean eGov Technologies Limited IPO is ₹55 per equity share. Based on the upper price band of ₹752 to ₹792 per equity share, the estimated listing price is ₹847 (+6.9% expected listing gain).
What is the expected profit per lot for Protean eGov Technologies Limited IPO?
With a lot size of 18 shares and current GMP of ₹55, the expected profit per application lot is approx ₹990 (+6.9% gain). Minimum application cost is approx ₹14,256.
What is the issue size and price band for Protean eGov Technologies Limited IPO?
The Protean eGov Technologies Limited IPO aggregate issue size is ₹490.33 Crores with an equity price band set at ₹752 to ₹792 per equity share. The retail lot size is 18 shares requiring a minimum capital outlay of approx. ₹14,256.
How can I check Protean eGov Technologies Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 25.13x (Retail: 9.40x, QIB: 49.43x, NII: 33.30x). You can track live multiples directly on our dedicated subscription page.
Where and when will Protean eGov Technologies Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd) and the BSE status verification website on or around 2023-11-10. Investors can verify status using PAN card or application number.
When is the listing date for Protean eGov Technologies Limited IPO?
Protean eGov Technologies Limited shares are scheduled to list on NSE and BSE on 2023-11-13.