A Leader in e-Government Solutions, Protean eGov Technologies Limited
In India, Protean eGov Technologies Limited is a top supplier of e-governance systems. A wide range of public and commercial organizations, as well as private individuals, rely on the goods and services that the company delivers.
IPO
POSITIONAL CALLS
11/6/20232 min read
It has been leading its industry for the last 20 years and has remained in that position by finding creative solutions to a wide range of problems that are getting worse during that whole period.
Company Synopsis
National Securities Depository Limited (NSDL e-Governance Infrastructure Limited) was the previous name of Protean eGov Technologies Limited. The company's headquarters are in Mumbai, India, and it was incorporated in December 1995.Protean eGov Technologies has been recognized for their innovation in e-governance in India. The "E-Governance Innovation Award" is one of many Indian government honors the company has received.
Services and Goods
Protean eGov Technologies provides an extensive array of goods and services, such as:
Taxation: In India, the approved agency for the issuance and administration of Permanent Account Numbers (PANs) is Protean eGov Technologies. One of the many services provided by the organization is the simple, time- and effort-saving option of filing and paying taxes electronically. Numerous additional amenities are also offered by the company.
Social Security: The National Pension System's (NPS) principal recordkeeping organization is Protean eGov Technologies. A wide range of other social security services are also offered by the firm, including the Employees' Provident Fund (EPF) and the Centralized Registration Agency (CRA) for the Atal Pension Yojana (APY).
ID & Data Stack: Protean eGov Technologies offers a range of ID and data management solutions, such as e-KYC, e-Sign, and Aadhaar authentication. A variety of cloud services and information security consulting services are also provided by the organization.
Digitized Open Ecosystems
The goal of Protean eGov Technologies is to create open digital ecosystems that provide easy communication between enterprises, people, and government organizations. The Open Digital Ecosystem (ODE) platform offered by the firm offers a safe and compatible setting for exchanging information and services.
Future Prognosis
Protean eGov Technologies is in a good position to develop over the next several years. The company is growing its offerings and researching new Indian and international markets. Supporting a prosperous and accessible digital economy, Protean eGov Technologies is at the forefront of India's e-governance movement. Protean eGov Technologies also promotes an inclusive and productive digital economy. To advance e-governance in India, which is the organization's stated goal, this level of commitment is essential.
Digitized Open Ecosystems
The goal of Protean eGov Technologies is to create open digital ecosystems that provide easy communication between enterprises, people, and government organizations. The Open Digital Ecosystem (ODE) platform offered by the firm offers a safe and compatible setting for exchanging information and services.
Future Prognosis
Protean eGov Technologies is in a good position to develop over the next several years. The company is growing its offerings and researching new Indian and international markets. Supporting a prosperous and accessible digital economy, Protean eGov Technologies is at the forefront of India's e-governance movement. Protean eGov Technologies also promotes an inclusive and productive digital economy. To advance e-governance in India, which is the organization's stated goal, this level of commitment is essential.
Specifics of the IPO
The initial public offering (IPO) of Protean eGov Technologies Limited is slated to begin on November 6, 2023, and end on November 8, 2023. The share price of the issuance ranges from ₹752 to ₹792. There is an 18-share minimum order quantity. Anticipated proceeds from the IPO are ₹490.33 crores. The Bombay Stock Exchange (BSE) is to be the listing agent for the shares.
In India, Protean eGov Technologies Limited is a prominent participant in the e-governance industry. The business is creative and well-positioned for expansion. Through the company's IPO, investors will have a strong chance to expand India's e-governance market.