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.
Objective of IPO.
The offer is completely “offer for sale”.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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