Protean IPO GMP : Protean eGov Technologies IPO GMP

Protean eGov Technologies IPO GMP: Protean eGov Technologies Limited, a renowned IT-enabled solutions company in India, is all set to launch its mainboard IPO at the BSE Exchange. This article explores the concept of Grey Market Premium (GMP) and provides an overview of Protean eGov Technologies Limited and its upcoming IPO.

Protean IPO GMP

As of November 13, 2023, the GMP for Protean eGov Technologies IPO is reported as ₹48, with no change from the previous day. The IPO price and other details are yet to be disclosed.

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Let’s start by examining the Grey Market Premium for the Protean eGov Technologies IPO. GMP is a crucial indicator of market sentiment and can provide potential investors with insights into how an IPO is likely to perform upon its listing. [Last Updated: 13-Nov-2023; 09:25]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
13-11-2023₹792₹48700/10500₹840 (6.06%)
12-11-2023₹792₹48700/10500₹840 (6.06%)
11-11-2023₹792₹57800/12000₹849 (7.20%)
10-11-2023₹792₹60800/12000₹852 (7.58%)
09-11-2023₹792₹811100/16500₹873 (10.23%)
08-11-2023₹792₹831100/16500₹875 (10.48%)
07-11-2023₹792₹951300/19500₹887 (11.99%)
06-11-2023₹792₹951300/19500₹887 (11.99%)
05-11-2023₹792₹1201600/24000₹912 (15.15%)
04-11-2023₹792₹1301800/27000₹922 (16.41%)
03-11-2023₹792₹1802500/37500₹972 (22.73%)
02-11-2023₹792₹1111500/22500₹903 (14.02%)
01-11-2023₹792₹1111500/22500₹903 (14.02%)

IPO Grey Market Premium (GMP)

The Grey Market Premium, often referred to as GMP, reflects the unofficial market sentiment surrounding an IPO before its official listing. This unregulated market allows potential investors to buy and sell IPO shares at a price that may not necessarily correspond to the IPO’s issue price. A positive GMP suggests that the IPO is expected to list at a premium, while a negative GMP indicates that the IPO may debut at a discount.

It’s essential to note that GMP is highly volatile and speculative. Relying solely on GMP for investment decisions can be risky. It is imperative to conduct thorough research, analyze the company’s fundamentals, and consider various factors before investing in an IPO.

About Protean eGov Technologies

Protean eGov Technologies Limited, founded in 1995, is a prominent player in the Indian IT industry. The company specializes in designing, developing, and implementing critical and population-relevant greenfield technology solutions across India. Protean collaborates with the government and has extensive experience in creating digital public infrastructure and innovative, citizen-centric e-governance solutions.

The company initially began as a depository and played a pivotal role in establishing a systemically important national infrastructure for India’s capital market development. Over the years, Protean has spearheaded numerous technology infrastructure projects across various Indian ministries and autonomous bodies, transforming public service delivery.

Some of the ministries Protean eGov Technologies has worked with include:

  • Ministry of Finance
  • Ministry of Education
  • Ministry of Information and Broadcasting
  • Ministry of Electronics and Information Technology
  • Ministry of Skills Development and Entrepreneurship
  • Ministry of Communications

The strengths of Protean eGov Technologies include its market leadership in citizen-centric e-governance solutions, secure and scalable technology infrastructure, extensive physical infrastructure, diversified service offerings, a strong financial performance record, and an experienced senior management team. The company’s corporate governance standards are well-supported by marquee investors.

Protean eGov Technologies IPO Dates

The IPO activity dates for Protean eGov Technologies are as follows:

  • IPO Open Date: November 6, 2023
  • IPO Close Date: November 8, 2023
  • Basis of Allotment Finalization Date: November 13, 2023
  • Refunds Initiation Date: November 15, 2023
  • Credit of Shares to Demat Account: November 16, 2023
  • IPO Listing Date: November 17, 2023

These dates are subject to change, so it’s important to stay updated with the latest information.

In conclusion, the Grey Market Premium for the Protean eGov Technologies IPO is currently at ₹0. However, this value can change rapidly, so investors should exercise caution and conduct comprehensive research before making investment decisions. Protean eGov Technologies’ extensive experience in providing e-governance solutions and its track record of financial performance make this IPO an intriguing opportunity for potential investors. Be sure to keep an eye on the IPO dates and any updates regarding the GMP as the IPO’s launch date approaches.

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