Protean e-Gov Technologies Ltd. IPO

Protean eGov Technologies Limited is a leading Indian e-Governance infrastructure and services company with a legacy of over two decades. Protean is committed to enabling citizen-centric and population-scale e-Governance solutions for the government and citizens of India. The company has a strong track record of developing and implementing crucial technological infrastructure for various government initiatives. Protean is a trusted partner of the government and has implemented projects across several ministries.

RHP
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DRHP
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Open Date

2023-11-06

Close Date

2023-11-08

Protean e-Gov Technologies Ltd. IPO Details

Check out the issue details for Protean e-Gov Technologies Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 792

Price Band

₹ 759 - 792

Issue Size

490.33 Cr.

Issue Type

Book Built

Open

2023-11-06

Close

2023-11-08

Listingprice

₹ 792

ListingGain

0.00%

Listing Date

2023-11-13

CMP

₹ 1849.75

Current Return

133.55%

Company Financials

You can get the following financial statements of Protean e-Gov Technologies Ltd. as of now.

The details about the Protean e-Gov Technologies Ltd IPO (formerly known as NSDL e-Governance Infrastructure Ltd.) is as:

  • The issue size of the IPO is 490.33 Cr.
  • The price band for Protean e-Gov Technologies Ltd IPO is Rs 752 to Rs 792.
  • The shares of Protean e-Gov Technologies Ltd IPO will list on 13th November 2023.
  • The latest tentative GMP of Protean e-Gov Technologies Ltd IPO is Rs 95.
  • The shares of Protean e-Gov Technologies Ltd IPO is subscribed 23.86 Times as of 8th November 2023. 

 

Protean e-Gov Technologies Ltd IPO Valuation

The approx valuation of Protean e-Gov Technologies Ltd IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 792
Existing Shares (Qty) 4.04 Cr
Market Cap 3199.68 Cr
EPS (FY23) Rs 26.50
PE Ratio 29.88x

 

Protean e-Gov Technologies Ltd IPO Issue Size

Protean e-Gov Technologies Ltd IPO issue size is 490.33 Cr

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 490.33 Cr

 

Protean e-Gov Technologies Ltd IPO Market Lot

An Individual can apply for a minimum 1 lot of 18 shares and a maximum of 14 lots of 252 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 18 14,256
 Maximum 14 252 1,99,584

 

Protean e-Gov Technologies Ltd IPO share offer

The shares of Protean e-Gov Technologies Ltd IPO is subscribed 23.86 Times as of 8th November 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 46.94 Times
Non-Institutional Minimum 15% 31.62 Times
Retail Individual Minimum 35% 8.93 Times
Employee 1,50,000 Shares 1.49 Times
Total   23.86 Times

Find below the dates for Protean e-Gov Technologies Ltd IPO:

Schedule Date
Basis of Allotment 13 November 2023
Refunds 15 November 2023
Credit to Demat Account 16 November 2023
IPO Listing Date 17 November 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 716.13 603.13 690.91 741.74 880.81
Total Expenditure 568.25 518.06 566.89 622.77 788.4
Operating Profit 147.88 85.08 124.02 118.97 92.41
Other Income 38.49 49.02 78.8 41.17 67.66
Interest 1.62 0.94 0.48 0.93 1.67
Depreciation 27.47 17.28 16.84 18.28 27.48
Exceptional Items 0 0 0 0 0
Profit Before Tax 157.28 115.88 185.5 140.93 130.92
Provision for Tax 36.04 23.42 41.65 33.36 30.57
Net Profit 121.24 92.46 143.85 107.57 100.35
Adjusted EPS (Rs.) 3.03 2.3 3.56 2.66 2.48

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 40.01 40.14 40.38 40.42 40.45
Total Reserves 713.79 628.16 748.28 817.72 889.82
Borrowings 0 0 0 0 0
Other N/C liabilities 15.69 14.4 4.62 -1.44 13.99
Current liabilities 168.37 171.48 175.66 227.26 223.08
Total Liabilities 937.86 854.18 968.94 1083.96 1167.34
Assets
Net Block 63.55 56.82 64.54 63.31 86.01
Capital WIP 5.43 1.34 1.17 0 0
Intangible WIP 0 0.08 3.32 10.72 10.57
Investments 384.92 276.69 319.32 534.44 549.43
Loans & Advances 41.56 39.44 37.22 37.68 45.1
Other N/C Assets 8.4 94.63 12.96 39.89 46.21
Current Assets 434 385.19 530.41 397.92 430.02
Total Assets 937.86 854.18 968.94 1083.96 1167.34
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 12.58 29.06 13.36 19.54 15.46
Profit Before Tax 44.17 19.55 24.7 27.72 40.05
Tax 10.5 4.12 4.22 6.01 9.53
Profit After Tax 33.67 15.43 20.48 21.71 30.52
Adjusted EPS (Rs) 8.32 3.81 5.06 5.37 7.53

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 157.27 115.88 185.5 140.93 130.92
Adjustment 12.34 15.03 -17.48 4.31 35.33
Changes in Assets & Liabilities -65.72 1.34 -25.62 35.47 -71.13
Tax Paid -50.11 -31.94 -47.88 -42.57 -35.09
Operating Cash Flow 53.78 100.31 94.52 138.14 60.03
Investing Cash Flow -12.87 112.48 74.9 -283.03 15.95
Financing Cash Flow -39.31 -183.32 -33.63 -44.29 -47.45
Net Cash Flow 1.6 29.47 135.79 -189.18 28.53
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