Protean eGov Technologies Ltd Share Price – BSE

IT - Software, Small Cap

The project involves system integration for the design, development, implementation, and operations & maintenance of the Central KYC Records Registry (CKYCRR 2.0).

The project will be executed within 69 months from the date of contract execution.

Protean eGov Technologies (formerly known as NSDL e-Governance Infrastructure) is an information technology enabled solutions company conceptualizing, developing, and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.

The company’s consolidated net profit declined 14.46% to Rs 28.04 crore on 6.75% fell in revenue from operations to Rs 219.70 crore in Q2 FY25 over Q2 FY24.

Shares of Protean eGov Technologies shed 0.90% to close at Rs 1,759.15 on 2 December 2024.

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Protean eGov Technologies has received and acknowledged Work Order on 02 December 2024 from Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) (a Government of India Undertaking) for providing services as “System Integrator for Design, Development, Implementation and Operations & Maintenance of Central KYC Records Registry (CKYCRR 2.0)” for the amount of Rs 161 crore (approx.)

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Astron Paper & Board Mill Ltd, Universal Autofoundry Ltd, Maximus International Ltd and Honasa Consumer Ltd are among the other losers in the BSE's 'B' group today, 22 November 2024.

Protean eGov Technologies Ltd crashed 7.20% to Rs 1716.55 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 14.92 lakh shares were traded on the counter so far as against the average daily volumes of 1.45 lakh shares in the past one month.

Astron Paper & Board Mill Ltd tumbled 5.32% to Rs 19.05. The stock was the second biggest loser in 'B' group.On the BSE, 22426 shares were traded on the counter so far as against the average daily volumes of 67960 shares in the past one month.

Universal Autofoundry Ltd lost 5.18% to Rs 154.55. The stock was the third biggest loser in 'B' group.On the BSE, 9973 shares were traded on the counter so far as against the average daily volumes of 15911 shares in the past one month.

Maximus International Ltd slipped 4.98% to Rs 17.73. The stock was the fourth biggest loser in 'B' group.On the BSE, 91774 shares were traded on the counter so far as against the average daily volumes of 8.31 lakh shares in the past one month.

Honasa Consumer Ltd plummeted 4.97% to Rs 225.6. The stock was the fifth biggest loser in 'B' group.On the BSE, 1.13 lakh shares were traded on the counter so far as against the average daily volumes of 61762 shares in the past one month.

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Through the OFS, NSE Investments proposes to sell up to 41,17,303 equity shares (representing 10.16% stake), with an option to sell an additional 10.16% stake or 41,17,302 equity shares in case of oversubscription.

The floor price for the sale has been set at Rs 1,550, a 16.20% discount to the stock's closing price of Rs 1849.75 on Tuesday, 15 October 2024.

The total OFS size (base size + green shoe) stands at 82,34,605 shares, representing 20.3% of outstanding equity shares of the company, the value of which (at floor price) aggregates to Rs 1,276.36 crore.

NSE Investments held 20.31% stake in Protean eGov Technologies as of September 2024.

The OFS opened on Friday (22 November 2024) for non-retail investors, while both retail as well as non-retail investors will be able to subscribe on Monday (23 November 2024).

As on 13:45 IST, the OFS received subscription for 33,49,300 shares. It was subscribed 90.386% on the base non-retail offer size of 37,05,572 shares and 45.193% on the total non-retail offer size (base size + green shoe) of 74,11,143 shares.

Protean eGov Technologies (formerly known as NSDL e-Governance Infrastructure) is an information technology enabled solutions company conceptualizing, developing, and executing nationally critical and population scale greenfield technology solutions. The company collaborates with the government and has extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.

The company’s consolidated net profit declined 14.46% to Rs 28.04 crore on 6.75% fell in revenue from operations to Rs 219.70 crore in Q2 FY25 over Q2 FY24.

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