Protean eGov Technologies to announce IPO share allotment status today, November 10
Mumbai-based Protean eGov Technologies is expected to announce the allotment status of its initial public offering (IPO) today, on November 10. The IPO opened on November 6 and closed on November 8, with shares subscribed 23.86 times, receiving bids for 110.45 crore equity shares against 43.79 lakh shares on offer. The price band for the IPO was ₹752 to ₹792 per share.
With robust subscription rates, the IPO’s allotment status announcement has generated significant interest in the Protean eGov Technologies IPO. While the qualified institutional buyer portion was subscribed 46.94 times, the non-institutional investors portion was subscribed 31.62 times. Furthermore, the retail portion witnessed good participation and was subscribed 8.93 times, while the employee portion was subscribed 1.49 times.
The information about Protean eGov Technologies shares commanding a grey market premium (GMP) of ₹80 per share has also been a point of interest for potential investors and market watchers.
In addition, the company’s anticipated listing on the stock exchanges on November 13 has added to the excitement surrounding its IPO.
Investors who applied for the Protean eGov Technologies IPO can check their allotment status on the registrar’s website. Additionally, they have the option to check the IPO’s allotment status on the BSE and NSE websites for added convenience.
Overall, Protean eGov Technologies has generated substantial interest and intrigue among investors, and all eyes are on its IPO share allotment status announcement and subsequent listing on the stock exchanges.