Protean eGov Technologies Limited IPO
Protean eGov Technologies Limited was a mainboard IPO in the IT Enabled Services sector, offered at ₹752–₹792 per share to raise ₹855 crore. The issue was subscribed 23.86× overall (QIBs 46.94×, NIIs 31.62×, retail 8.93×). It now trades around ₹631 (-20.4% versus the issue price).
Frequently asked questions
- How many times was the Protean eGov Technologies Limited IPO subscribed?
- The Protean eGov Technologies Limited IPO was subscribed 23.86× overall — 46.94× in the QIB category, 31.62× among non-institutional investors, 8.93× in retail.
- What were the retail allotment odds for the Protean eGov Technologies Limited IPO?
- Retail was subscribed 8.93×, so a single-lot application had roughly a 11.2% chance of allotment (about 1 in 9), and allotment was finalised on 14 Nov 2023.
- What was the price band and lot size of the Protean eGov Technologies Limited IPO?
- The price band was ₹752–₹792 per share, with a minimum lot of 18 shares (₹14,256 at the upper band).
- Who were the registrar and lead manager for the Protean eGov Technologies Limited IPO?
- Link Intime India Private Limited was the registrar, and ICICI Securities was the book-running lead manager.