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Protean eGov Technologies Limited (formerly known as NSDL E-Governance Infrastructure limited) files DRHP with SEBI

Protean eGov Technologies Limited (formerly known as NSDL E-Governance Infrastructure limited) files DRHP with SEBI

Protean eGov Technologies Limited (“Company” or “Issuer”) (formerly known as NSDL E-Governance Infrastructure limited) one of the key IT-enabled solution companies in India (Source: CRISIL Report) engaged in conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).

 

Company is among the leading Indian companies in the e-governance sector in terms of profitability, operating income, operating profit and operating profit margin in fiscal 2020 (Source: CRISIL Report).

 

Through the initial public issue, the company plans to raise funds through offer for sale up to 12,080,140 equity shares of face value Rs. 10 each (“The “Offer for Sale”) comprising of up to 1,095,288 equity shares by IIFL Special opportunities Fund, up to 762,998 equity shares by IIFL Special Opportunities Fund Series 2, up to 353,160 equity shares by IIFL Special Opportunities Fund Series 3, up to 945,694 equity shares by IIFL Special Opportunities Fund Series 4, up to 736,899 equity shares by IIFL Special Opportunities Fund Series 5, up to 430,748 equity shares by Administrator of the specific undertaking of the Unit Trust of India, up to 3,159,027 equity shares by NSE Investments Limited, up to 788,338 equity shares by HDFC Bank Limited, up to 1,261,341 equity shares by Axis Bank Limited, up to 1,261,341 equity shares by Deutsche Bank A.G., up to 575,802 equity shares Punjab National Bank, up to 709,504 equity shares by Union Bank of India by the Selling Shareholders (TheSelling Shareholders”)

 

ICICI Securities Limited, Equirus Capital Private Limited, IIFL Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited are Book Running Lead Managers.

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