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News Details

01/11/2023 13:30

Protean eGov Techno announces launch of initial public offering

Protean eGov Technologies Ltd. has announced public offering of 6191000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 782.00 per share. The gross proceeds of the issue are expected to be Rs 49,032.72 lakhs.

The company's initial public offer (IPO) will open on 06 November 2023 and is expected to close on 08 November 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 752.00-792.00 per share.

The IPO includes a fresh Issue of 6191000 Equity Shares of the Company at an price of Rs 792.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 18 shares with bids in multiples of 18.

Protean eGov Technologies Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,Nomura Financial Advisory and Securities (India) P,Equirus Capital Private Limited,IIFL Securities Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.