Saturday, November 4, 2023

Protean eGov Technologies Limited Raises Rs 143.53 Crore From 18 Anchor Investors At Upper Price Band Of Rs 792

·         Price Band fixed at Rs 752 to Rs 792 per Equity Share of face value of Rs 10 each (“Equity Share”);

·         Bid/ Offer will open on Monday, November 06th, 2023 and close on Wednesday, November 08th, 2023.

·         Bids can be made for a minimum of 18 Equity Shares and in multiples of 18 Equity Shares thereafter.

·         Link:

Protean eGov Technologies Ltd, has allotted 18,12,300 Equity Shares to 18 anchor investors and raised Rs 143.53 crore ahead of company’s proposed IPO at the upper price band of Rs 792 per equity share (including premium of Rs 782 per equity shares) with face value of Rs 10 per share.

Out of the total allocation of 18,12,300 Equity shares to the Anchor Investors, 3,87, 702 Equity shares (i.e.  21.40 % of the total allocation to the Anchor Investors) were allocated to 2 (Two) domestic mutual funds through a total 9 (Nine) schemes.

ICICI Securities Limited, Equirus Capital Private Limited, IIFL Securities Limited and Nomura Financial Advisors and Securities (India) Private Limited are the Book Running Lead Managers to the issue.

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