Protean eGov Technologies IPO
Protean eGov Technologies Limited (PROTEAN) · mainboard IPO on NSE and BSE · 100% Book Building. NSE has no listing record for this issue: it may have listed on BSE only, or been withdrawn.
Issue details
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 12,08,200 | 5,67,09,342 | 46.9x | |
| NII (HNI) total | 9,06,150 | 2,86,53,840 | 31.6x | |
| Big NII (above ₹10 lakh) | 6,04,100 | 2,00,20,662 | 33.1x | |
| Small NII (₹2-10 lakh) | 3,02,050 | 86,33,178 | 28.6x | |
| Retail | 21,14,350 | 1,88,78,454 | 8.93x | |
| Employees | 1,50,000 | 2,23,614 | 1.49x | |
| Total | 43,78,700 | 10,44,65,250 | 23.9x |
Bids on NSE and BSE together, as published by NSE, as of 08 Nov 2023, 07:00 PM. Shares offered exclude the anchor portion. 16% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Protean eGov Technologies's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Home First Finance Company IndiaJan 2021 | 52.5x | 39.0x | 6.59x | 26.7x | ₹1,156 Cr | +19.5% | +23.6% |
| IRM ENERGY LIMITEDOct 2023 | 44.7x | 48.3x | 9.29x | 27.1x | ₹545 Cr | -5.5% | -4.2% |
| India PesticidesJun 2021 | 42.9x | 51.9x | 11.3x | 29.0x | ₹817 Cr | +18.2% | +24.3% |
| Rishabh InstrumentsSep 2023 | 72.5x | 31.3x | 8.44x | 31.7x | ₹491 Cr | +4.3% | +6.6% |
| Electronics Mart IndiaOct 2022 | 62.3x | 24.5x | 12.8x | 29.4x | ₹527 Cr | +52.5% | +54.2% |
| Yatharth Hospital and Trauma Care ServicesJul 2023 | 85.1x | 37.2x | 8.34x | 36.2x | ₹705 Cr | +2.0% | +14.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Equirus Capital | 34 | +21.3% | 74% |
| IIFL Securities | 94 | +19.3% | 71% |
| Nomura Financial Advisory and Securities (India) | 27 | +16.0% | 56% |
Offer documents (NSE)
Frequently asked
What is the Protean eGov Technologies IPO price band and lot size? ₹752–792 per share, with a lot of 18 shares, so the smallest retail bid is ₹14,256.
How many times has it been subscribed? 23.9x overall: QIB 46.9x, NII 31.6x, retail 8.93x, employees 1.49x.
