IPO IPO-Synopsis
Protean eGov Technologies Ltd

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Registered Office: Times Tower 1st Flr Kamala Mil,Senapati Bapat Marg LowerParel , Mumbai - 400013 , Maharashtra , India.
Phone : +91 22 4090 4242   Fax:
Email :  cs@proteantech.in  
Website :  www.proteantech.in
Initial public offer of 6,191,000 equity shares of face value of Rs10 each ("Equity Shares") of Protean eGov Technologies Limited ("Company") for cash at a price of Rs792 per equity share ("Offer Price") aggregating to Rs489.95 crores (the "Offer") through an offer for sale of 459,617 equity shares by 360 one special opportunities fund (formerly known as iifl special opportunities fund) aggregating to Rs36.37 crores, 320,177 equity shares by 360 one special opportunities fund - series 2 (formerly known as iifl special opportunities fund - series 2) aggregating to Rs25.34 crores, 148,197 equity shares by 360 one special opportunities fund - series 3 (formerly known as iifl special opportunities fund - series 3) aggregating to Rs11.73 crores, 396,843 equity shares by 360 one special opportunities fund - series 4 (formerly known as iifl special opportunities fund - series 4) aggregating to Rs31.41 crores, 309,225 equity shares by 360 one special opportunities fund - series 5 (formerly known as iifl special opportunities fund - series 5) aggregating to Rs24.47 crores, 243,175 equity shares by administrator of the specified undertaking of the unit trust of india aggregating to Rs19.25 crores, 1,783,395 equity shares by nse investments limited aggregating to Rs141.14 crores, 705,674 equity shares by hdfc bank limited aggregating to Rs55.85 crores, 712,077 equity shares by axis bank limited aggregating to Rs56.34 crores, 712,077 equity shares by deutsche bank a.g. aggregating to Rs56.35 crores, 400,543 equity shares by union bank of india aggregating to Rs31.70 crores (the "Selling Shareholders") and such equity shares offered by the selling shareholders, the ("Offered Shares"). The offer included a reservation of 150,000 equity shares, aggregating to Rs10.76^ croress constituting 2.48% of the post-offer paid-up equity share capital, for subscription by eligible employees ("Employee Reservation Portion"). The company and selling shareholders, in consultation with the book running lead managers, has offered a discount of Rs75 per equity share to the offer price to eligible employees bidding under the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constitute 15.31% and 15.18% respectively of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs10 each. The offer price is 79.20 times the face value of the equity shares. ^A discount of Rs75 per equity share was offered to eligible employees bidding in the employee reservation portion. Anchor investor offer price: Rs792 per equity share of face value of Rs10 each. Offer price: Rs792^ per equity share of face value of Rs10 each the offer price is 79.20 times of the face value of the equity shares. ^A discount of Rs75 per equity share was offered to eligible employees bidding in the employee reservation portion.

Issue Money Payable On
Opens On Closes On Application Allotment
06-Nov-23 08-Nov-23 Rs792.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :18  Further Multiples of :18

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
Equirus Capital Pvt Ltd
Project Financed through Current Offer 489.95  
Post Issue Equity Share Capital 40.45  
Issue Price Rs792.00  
Projects
Listing of Shares on the Stock Exchanges
Promoted By
Listing At
BSE 
Registrar to the Issue
MUFG Intime India Pvt Ltd 
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