Protean eGov Technologies (earlier known as NSDL e-Governance Infrastructure) has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial public offering.
As per the draft Red Herring Prospectus (DRHP), the public issue is purely an offer for sale (OFS) of 12 million equity shares.
Shareholders of the OFS include IIFL Special Opportunities Fund, NSE Investments, Administrators of Specified Enterprises of Unit Trust of India, HDFC Bank, Axis Bank, Deutsche Bank AG, Punjab National Bank and Union Bank of India.
Protean eGov Technologies is one of the leading IT-enabled solutions companies in India engaged in conceptualizing, developing and executing nationally significant and population scale greenfield technology solutions.
The company has collaborated with the government and has vast experience in creating digital public infrastructure and developing innovative citizen centric e-governance solutions.
Originally established as a depository in 1995, it created a systemically important national infrastructure for the development of capital markets in India. ICICI Securities, Equirus Capital, IIFL Securities and Nomura Financial Advisory & Securities (India) are the book running lead managers of the issue. The equity shares are proposed to be listed on BSE and NSE.
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