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The OFS includes a base issue of 10.16% stake representing 41,17,303 equity shares with an oversubscription or green shoe option to additionally sell up to 10.16% stake representing an equal number of shares as the base issue.
The issue will open for non-retail investors on Friday while for retail investors on Monday, November 25.
The offer will take place over two trading days on a separate window of BSE from 9:15 am to 3:30 pm India time on both the days.
NSE Investments is a wholly-owned subsidiary of NSE, which was incorporated to undertake strategic investments in the equity shares and/or other securities of other companies.
On Thursday, shares of Protean eGov Technologies ended at Rs 1,849.75 on the BSE, gaining by Rs 12 or 0.65% over the Tuesday closing price. Indian stock markets BSE and NSE were shut on Wednesday on account of assembly elections in Maharashtra.Protean eGov Technologies’ market capitalisation is around Rs 7,499 crore.The stock has rallied nearly 70% in the past one year, outperforming Nifty whose returns during this period stand at nearly 20%. In 2024 so far, the stock has appreciated by 50%.
The erstwhile NSDL e-Governance Infrastructure Limited provides IT services. The Company offers citizen services, e-governance solutions, system integration, business process re-engineering, data center co-location, and IT consulting services for citizens, corporates and the Government.
The company offers direct tax infrastructure, providing a tax identity to citizens and corporates (issuance of PAN card), strengthening the old-age social security infrastructure (National Pension System NPS & Atal Pension Yojna – APY), promoting financial inclusion by contributing to the India Stack by enrolling citizens for National Identity and enabling the BFSI sector by providing Aadhaar-based identity authentication and eSign services.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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