Protean eGov Technologies Limited IPO GMP

Protean eGov Technologies' IPO is a book built issue amounting to Rs 490.33 crores, comprising entirely of an offer for sale of 0.62 crore shares. The bidding for the IPO commenced on November 6, 2023, and concluded on November 8, 2023. The allotment of shares was finalized on Monday, November 13, 2023, coinciding with the listing of shares on the BSE.

The price band for Protean eGov Technologies IPO was set at ₹752 to ₹792 per share. The minimum lot size for an application stood at 18 shares, requiring a minimum investment of ₹14,256 for retail investors. For sNII, the minimum lot size investment was 15 lots (270 shares), amounting to ₹213,840, while for bNII, it was 71 lots (1,278 shares), requiring an investment of ₹1,012,176.

The IPO also included a reservation of up to 150,000 shares for employees, offered at a discount of Rs 75 to the issue price. ICICI Securities Limited, Equirus Capital Private Limited, Iifl Securities Ltd, and Nomura Financial Advisory And Securities (India) Pvt Ltd served as the book running lead managers for the Protean eGov Technologies IPO, with Link Intime India Private Ltd acting as the registrar for the issue.