Protean eGov Technologies IPO GMP: Latest Updates & Expert Insights! Top Gains Await! | 2023 IPO Guide
Discover the latest insights into the Protean eGov Technologies Initial Public Offering (IPO) Grey Market Premium (GMP), Kostak rates, and Subject to Sauda rates as of today. The Protean eGov Technologies IPO GMP has initiated at ₹110, reflecting the market’s anticipation of this significant event.
Scheduled to commence on November 6, the Protean eGov Technologies IPO aims to raise ₹490 crores, underscoring the company’s prominence in India’s IT-enabled solutions sector. Renowned for conceptualizing, developing, and implementing nationally critical and large-scale greenfield technology solutions, Protean eGov Technologies reported a robust revenue of ₹784 crores in 2023, surpassing the previous year’s figure of ₹770 crores.
The IPO price band is set between ₹752 and ₹792 per Equity Share, offering investors a strategic entry point. Following its debut, Protean eGov Technologies IPO is slated to be listed on the Bombay Stock Exchange (BSE), promising a dynamic presence in the market.
Stay abreast of the Protean eGov Technologies IPO GMP, which currently stands at ₹110, and monitor the day-to-day fluctuations in GMP and Kostak rates. It’s essential to note that these rates are subject to change, and investors are advised to make decisions based on the company’s fundamentals rather than the market premiums alone.
Disclaimer:
The mentioned IPO Grey Market Premium (Protean eGov Technologies IPO GMP) is specific to the date indicated in the header. We do not engage in the buying or selling of IPO forms on the IPO Grey Market. The Kostak Rate signifies the premium received by selling one’s IPO application in an off-market transaction, even before the issue’s allotment or listing.
Investors are cautioned against subscribing to the IPO solely based on the premium price, as market conditions can fluctuate before listing. Prudent investment decisions should consider the company’s fundamentals for a well-informed choice.
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