Protean eGov Technologies IPO: Here’s what you need to know

Recently the news has come on the internet that Portean eGov Technologies’ Limited IPO, previously better known as NSDL E-Governance Infrastructure Ltd. Now it is ready to launch its initial public offer super soon. Since the news has come on the internet it has gone viral on the social media platforms. Now this news has been gaining huge attention from the people as lots of people are super curious to know about The Protean eGov Technologies IPO key dates, price band, and other information. Here we have more information about the news and we will share it with you in this article.

Protean eGov Technologies IPO

As per the report, last year in November Protean eGov IPO got the Securities and Exchange Board of India (SEBI). In a report, Protean eGov Technologies Limited pointed to a draft document in which SEBI said in November 2022 that it had given an observation denoting the last support to launch maiden share sales. Protean eGov Technologies Limited area preliminary papers with markets controllers SEBI in December 2021 to raise funds via IPO. Currently, this news has been making the rounds on the internet as they want to know complete information about the news.

The draft red herring prospectus(DRHP), 1.2 crore equality shares is going to be offered for sale (OFS) as part of the public offering. The OFS is offered by the following companies: Union Bank of India, Administrator of the Specified Undertaking of the Unit Trust of India, Deutsche Bank A.G., Punjab National Bank,  HDFC Bank, Axis Bank, NSE Investments, and IIFL Special Opportunities Funds. The book-running lead guardians of the Protean eGov Technologies IPO have been ICICI Securities Limited, Iifl Securities Ltd, Equirus Capital Private Limited, and  Nomura Financial Advisory And Securities (India) Pvt Ltd. You are on the right page for more information about the news, so please read the complete article.

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As far as we know, Protean eGov IPO shares have been proposed to be documented on NSE and BSE. The firm noted net proceeds of  143.9 crore on payment of 690.9 crore for the fiscal year that concluded in 2022, down from last year’s net profit of 92.1 crore on payment of 603 crore. The leading provider of IT-enabled solutions in India, Protean eGov Technologies Limited is accountable for planning, building, and executing greenfield technological solutions that are important to the country’s people. Here we have shared all the information that we had. Stay connected with us for more updates.

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Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.