Protean eGov Technologies, earlier named as NSDL e-Governance Infrastructure, has filed preliminary papers with market regulator SEBI (Securities and Exchange Board of India) to raise funds through Initial Public Offering (IPO) . The equity shares will be listed on BSE and NSE.
According to the draft Red Herring Prospectus (DRHP), the public issue will consist of an offer for sale (OFS) of 12 million equity shares. Shareholders of the OFS include IIFL Special Opportunities Fund, NSE Investments, Administrators of Specified Enterprises of Unit Trust of India, HDFC Bank, Axis Bank, Deutsche Bank AG, Punjab National Bank and Union Bank of India.
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ICICI Securities, Equirus Capital, IIFL Securities and Nomura Financial Advisory & Securities (India) are the book running lead managers of the issue.
Protean eGov Technologies is one of the leading IT-enabled solutions companies in India. The company is engaged in conceptualizing, developing and implementing nationally significant and population scale greenfield technology solutions.
It has tied up with the Center and has vast experience in creating digital public infrastructure and developing innovative citizen centric e-governance solutions.
Established in 1995 as a depository, the company has built a systemically important national infrastructure for capital market development in India.
with PTI input
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