The Protean eGov Technologies IPO is a book-built offering worth Rs 490.33 crores. The offering consists altogether of 0.62 crore shares for sale.
Protean eGov Technologies’ initial public offering (IPO) begins on November 6, 2023 and closes on November 8, 2023. The Protean eGov Technologies IPO allotment is expected to be completed on Monday, November 13, 2023. The IPO of Protean eGov Technologies will be listed on the BSE on Friday, November 17, 2023.
The IPO price range for Protean eGov Technologies is $752 to $792 per share. An application requires a minimum lot size of 18 Shares. Retail investors must make a minimum investment of $14,256. The minimum lot size investment for sNII is 15 lots (270 shares), which amounts to 213,840, while the minimum lot size investment for bNII is 71 lots (1,278 shares), which amounts to 1,012,176.
The offering includes a reserve of up to 150,000 shares for employees at a Rs 75 reduction from the issue price.
Protean eGov Technologies IPO Details
| IPO Date | November 6, 2023 to November 8, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | Rs 752 to Rs 792 per share |
| Lot Size | 18 Shares |
| Total Issue Size | 6,191,000 shares (aggregating up to Rs 490.33 Cr) |
| Offer for Sale | 6,191,000 shares of Rs 10 (aggregating up to Rs 490.33 Cr) |
| Employee Discount | Rs 75 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Share holding pre issue | 40,446,732 |
| Share holding post issue | 40,446,732 |
Protean eGov Technologies IPO Timeline
| IPO Open Date | Monday, November 6, 2023 |
| IPO Close Date | Wednesday, November 8, 2023 |
| Basis of Allotment | Monday, November 13, 2023 |
| Initiation of Refunds | Wednesday, November 15, 2023 |
| Credit of Shares to Demat | Thursday, November 16, 2023 |
| Listing Date | Friday, November 17, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 8, 2023 |
Protean eGov Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | Rs 14,256 |
| Retail (Max) | 14 | 252 | Rs 199,584 |
| S-HNI (Min) | 15 | 270 | Rs 213,840 |
| S-HNI (Max) | 70 | 1,260 | Rs 997,920 |
| B-HNI (Min) | 71 | 1,278 | Rs 1,012,176 |
