Protean eGov Technologies IPO | At the upper end of the price band of Rs 752-792 per share, it is valued at a PE (price-to-earnings ratio) of 29.9 times its FY23 numbers and the market capitalisation is Rs 3,203 crore.
Protean eGov Technologies IPO | The company is selling 61.91 lakh shares through the public issue, at the upper price band, comprising only an offer-for-sale by investors.
Protean eGov Technologies IPO Opens Today: Should You Subscribe? Check GMP, Price, Lot Size, the Rs 490-crore IPO will remain open till November 8, and its price band has been fixed at Rs 752-792 per share
Protean eGov Technologies IPO | The Mumbai-based professionally managed company is planning to raise Rs 490.3 crore via public issue of 61.91 lakh equity shares, at the upper price band.
Proceeds worth Rs 68 crore from the fresh issue will be used to repay debt, and Rs 119.5 crore will be spent on working capital requirements, besides general corporate purposes. Get more IPO News and Business News on Zee Business.