{"id":28226,"date":"2023-11-07T13:06:23","date_gmt":"2023-11-07T07:36:23","guid":{"rendered":"https:\/\/blog.researchandranking.com\/?p=28226"},"modified":"2023-11-13T15:38:57","modified_gmt":"2023-11-13T10:08:57","slug":"protean-egov-technologies-know-the-subscription-status","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/protean-egov-technologies-know-the-subscription-status\/","title":{"rendered":"Protean eGov Technologies (NSDL): Check The Subscription Status and Allotment Date"},"content":{"rendered":"
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In recent news, the initial public offering<\/a> (IPO) of Protean eGov Technologies Ltd, formerly NSDL e-Governance Infrastructure, made quite an impression in the investment world. The IPO, priced in a band of Rs 752-792, with a size of Rs 490 crore, was fully subscribed on the first day of its offering. The active participation of non-institutional and retail investors is the reason for this venture’s solid demand. <\/p>\n\n\n\n

Issue Details: Allotment, Refund, and Listing Date<\/h3>\n\n\n\n
IPO Open Date<\/td>Monday, November 6, 2023<\/td><\/tr>
IPO Close Date<\/td>Wednesday, November 8, 2023<\/td><\/tr>
Basis of Allotment<\/td>Monday, November 13, 2023<\/td><\/tr>
Listing Date<\/td>Monday, November 13, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Protean eGov Technologies IPO Subscription Status<\/h3>\n\n\n\n

The IPO received bids for a remarkable 47.16 lakh shares<\/strong>, exceeding the initial offering of 43.78 lakh. This enthusiastic response resulted in a subscription rate of 1.08 times, as reported by BSE<\/a>. Notably, the retail segment of the IPO demonstrated exceptional demand, boasting a subscription rate of 1.50 times.<\/p>\n\n\n\n

On the other hand, the non-institutional investors (NIIs) segment also garnered substantial interest, with a subscription rate of 1.65 times. However, the employee and qualified institutional buyers (QIB) portions received a comparatively lower response, with 1% and 31% subscription rates<\/a>, respectively. The IPO’s subscription period is set to conclude on November 8.<\/p>\n\n\n\n

Protean eGov Technologies IPO Allotment Status<\/h3>\n\n\n\n

The allotment status will be available once the basis of the allotment is confirmed. However, considering that Protean plans to list on BSE, here are the steps to follow <\/p>\n\n\n\n

Checking Allotment Status on BSE<\/strong><\/h4>\n\n\n\n

Follow these steps:<\/p>\n\n\n\n