Analysts said the upside from current levels looks limited based on valuation as the issue was fully priced in discounting all near-term triggers. "Given that the company is a pioneer and market leader in its universe of e-Governance, there can be some kind of first mover advantage, but the upside is limited post listing" said Prashant Tapse of Mehta Equities.
Reliance Infrastructure, Patanjali Foods, BHEL Q2 results, Last day to subscribe to Protean eGov Technologies IPO in Top News on November 8: Ex-dividend stocks, share markets outlook also in focus.
Protean eGov Technologies IPO to open, Max Healthcare, Bikaji Q2 results in Top News on November 6: Colgate-Palmolive (India) among ex-dividend stocks, share markets, Bank Nifty outlook also in focus.