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Updated on: Sunday, December 26, 2021, 09:54 AM IST

IT solutions firm Protean eGov Tech files IPO papers with Sebi

The public issue is purely an offer of sale (OFS) of 1.2 crore equity shares, according to the draft red herring prospectus (DRHP)./ Representative image |

The public issue is purely an offer of sale (OFS) of 1.2 crore equity shares, according to the draft red herring prospectus (DRHP)./ Representative image |

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Protean eGov Technologies (formerly known as NSDL E-Governance Infrastructure) has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.

The public issue is purely an offer of sale (OFS) of 1.2 crore equity shares, according to the draft red herring prospectus (DRHP).

Those offering shares in the OFS are IIFL Special Opportunities Funds, NSE Investments, Administrator of the Specified Undertaking of the Unit Trust of India, HDFC Bank, Axis Bank, Deutsche Bank A.G., Punjab National Bank and Union Bank of India.

Protean eGov Technologies offers conceptualizing, developing and executing nationally critical and population scale greenfield technology solutions. The company collaborated with the government and have extensive experience in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.

ICICI Securities, Equirus Capital, IIFL Securities and Nomura Financial Advisory and Securities (India) are the book running lead managers to the issue.

The equity shares are proposed to be listed on BSE and NSE.

(With inputs from PTI)

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Published on: Sunday, December 26, 2021, 09:54 AM IST
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