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.

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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

Listing price

₹ 792

Listing Gain

0.00%

Listing Date

2023-11-13

CMP

₹ 495.5

Current Return

-37.44%

Protean e-Gov Technologies Ltd. News

Protean eGov Technologies informs about investor meeting8 Sep 2026, 5:30PM Protean e-Gov Technologies rises on winning work order worth Rs 5.99 crore18 Aug 2026, 10:35AM Protean e-Gov Technologies wins work order worth Rs 5.99 crore18 Aug 2026, 10:20AM Protean e-Gov Tech. - Quaterly Results5 Aug 2026, 12:00AM Protean eGov Technologies informs about press release17 Jul 2026, 5:10PM Protean e-Gov Technologies signs MoU with NECTAR4 Jul 2026, 12:10PM Protean eGov Technologies informs about change in management 17 Jun 2026, 5:20PM Protean e-Gov Technologies secures contract worth Rs 25 crore12 Jan 2026, 10:08AM Protean e-Gov Technologies gets nod to acquire 4.95% equity stake in NSDL PB17 Dec 2025, 11:18AM Protean e-Gov Technologies bags work order worth Rs 1160 crore26 Aug 2025, 10:11AM Protean eGov Technologies gets nod for additional investment in wholly owned subsidiary company7 Aug 2025, 4:45PM Protean eGov Technologies reports 13% rise in Q1 consolidated net profit7 Aug 2025, 12:30PM Protean e-Gov Tech. - Quaterly Results6 Aug 2025, 9:02PM Protean e-Gov Tech. - Quaterly Results6 Aug 2025, 9:02PM Protean eGov Technologies informs about conference call1 Aug 2025, 5:24PM Protean e-Gov Technologies bags work order worth Rs 100 crore10 Jun 2025, 10:13AM Protean e-Gov Tech. - Quaterly Results21 May 2025, 9:58PM Protean e-Gov Tech. - Quaterly Results21 May 2025, 9:58PM Protean eGov Technologies informs about analyst meet19 May 2025, 5:36PM Protean eGov Technologies informs about analyst meet19 May 2025, 3:35PM

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

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

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 690.91 741.74 880.81 841.37 996.43
Total Expenditure 566.89 622.77 788.4 770.89 889.04
Operating Profit 124.02 118.97 92.41 70.48 107.39
Other Income 78.8 41.17 67.66 78.1 73.78
Interest 0.48 0.93 1.67 2.34 6.68
Depreciation 16.84 18.28 27.48 27.69 45.94
Exceptional Items 0 0 0 0 -4.7
Profit Before Tax 185.5 140.93 130.92 118.55 123.85
Provision for Tax 41.65 33.36 30.57 25.97 29.53
Net Profit 143.85 107.57 100.35 92.58 94.32
Adjusted EPS (Rs.) 3.56 2.66 2.48 2.28 2.32

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 40.38 40.42 40.45 40.55 40.62
Total Reserves 748.28 817.72 889.82 962.96 1036.35
Borrowings 0 0 0 0 0
Other N/C liabilities 4.62 -1.44 13.99 68.13 69.19
Current liabilities 175.66 227.26 223.08 228.69 308.98
Total Liabilities 968.94 1083.96 1167.34 1300.33 1455.14
Assets
Net Block 64.54 63.31 86.01 149.8 164.45
Capital WIP 1.17 0 0 0.12 1.77
Intangible WIP 3.32 10.72 10.57 10.46 17.71
Investments 319.32 534.44 549.43 510.15 510.38
Loans & Advances 37.22 37.68 45.1 55.35 56.04
Other N/C Assets 12.96 39.89 46.21 105.75 100.89
Current Assets 530.41 397.92 430.02 468.7 603.9
Total Assets 968.94 1083.96 1167.34 1300.33 1455.14
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Other Income 28.61 14.68 14.5 15.99 15.62
Profit Before Tax 35.02 34.63 28.71 25.49 7.76
Tax 8.52 8.43 7.05 5.53 1.78
Profit After Tax 26.5 26.2 21.66 19.96 5.98
Adjusted EPS (Rs) 6.54 6.45 5.33 4.91 1.47

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 185.5 140.93 130.92 118.55 123.85
Adjustment -17.48 4.31 35.33 -17.24 23.93
Changes in Assets & Liabilities -25.62 35.47 -71.13 118.5 -46.2
Tax Paid -47.88 -42.57 -35.09 -25.16 -16.33
Operating Cash Flow 94.52 138.14 60.03 194.65 85.25
Investing Cash Flow 74.9 -283.03 15.95 -160.66 -21.28
Financing Cash Flow -33.63 -44.29 -47.45 -42.24 -53.87
Net Cash Flow 135.79 -189.18 28.53 -8.25 10.1
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