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NSDL IPO

Protean e-Gov Technologies Ltd has filed a DRHP with SEBI on 24 December 2021. The issue is entirely an offer for sale of up to 12,080,140 equity shar...

  • Status: Closed
  • RHP:
  • ₹ 13,536 / 18 shares

    Minimum Investment

IPO Details

  • Open Date

    06 Nov 2023

  • Close Date

    08 Nov 2023

  • IPO Price Range

    ₹ 752 to ₹792

  • IPO Size

    ₹ 490.33 Cr

  • Listing Exchange

    BSE

  • Listing Date

    17 Nov 2023

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IPO Timeline

NSDL IPO Subscription Status

Last Updated: 08 November 2023 6:32 PM by 5Paisa

Protean eGov Technologies Limited, previously known as National Securities Depository Limited (NSDL) IPO is all set to open from 6th November to 8th November 2023. The company offers greenfield technology solutions. The IPO includes an Offer for Sale (OFS) of 6,191,000 equity shares worth ₹490.33 cr. The share allotment date is 13th November, and the IPO will be listed on 17th November on the stock exchanges. The price band is ₹752 to ₹792 per share and the lot size is 18 shares.    

ICICI Securities Limited, Equirus Capital Private Limited IIFL Securities Limited, and Nomura Financial Advisory and Securities (India) Private Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of NSDL:

The company will not receive any proceeds. The entire Offer Proceeds will be received by the Selling Shareholders.
 

NSDL IPO Video:

 

Established in 1995, Protean eGov Technologies Limited is one of the prominent IT-enabled solutions companies in the country. It is involved in the conceptualization, development, and implementation of nationally significant, large-scale greenfield technology solutions. The company works closely with the government in establishing digital public infrastructure and creating citizen-centric e-governance solutions. As of June 2023, Protean eGov Technologies has a track record of finishing 19 projects for 7 government ministries as well as autonomous bodies. 

Protean eGov Technologies, was previously known as National Securities Depository Limited (NSDL) and operated as a SEBI-registered market infrastructure institution (MII) that provided a diverse range of products and services for the Indian financial and securities market. After the introduction of the Depositories Act in 1996, NSDL became a leader in dematerializing securities in India. 

Some of the key projects of the company include: i) Tax Information Network (TIN) ii) PAN services iii) Central Recordkeeping Agency (CRA) –  National Pension scheme (NPS), Atal Pension Yojana (APY) iv) Unique Identification (UID/Aadhaar) – Registrar v) Goods and Services Tax( GST) vi) Aadhaar Authentication & e-KYC Services vii) Central Board of Film Certification (CBFC) viii) Revenue Management System (RMS) ix) Electronic Accounting System in Excise & Service Tax (EASIEST) x) National Judicial Reference System (NJRS).

Peer Comparison
No listed peers. 

For More Information:
Webstory on NSDL IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 742.20 690.90 603.13
EBITDA 117.96 123.83 84.84 
PAT 107.04 143.93 92.18
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 1104.10 988.13 862.38
Share Capital 40.42 40.38 40.13
Total Borrowings 247.16 200.14 194.93
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 137.02 94.26 100.11
Net cash from / (used in) investing activities -282.31 72.62 115.65
Net cash flow from / (used in) financing activities -44.29 -33.63 -183.35
Net increase (decrease) in cash and cash equivalents -189.57 133.25 32.42


Strengths

1.    The company is a pioneer and market leader in universal, citizen-centric and population-scale e-governance solutions.
2.    The company offers market-first, secure, scalable and advanced technology infrastructure.
3.    It has a large physical infrastructure with a pan-India network and scale resulting in inclusion.
4.    It has diversified, granular and annuity-based service offerings.
5.    The company also has a track record of healthy financial performance.
6.    The company’s senior management team is experienced and is backed by marquee investors.
 

Risks

1.    The company is significantly dependent on projects awarded by government entities and agencies.
2.    Its client contracts can typically be terminated without cause, which could negatively impact revenues and profitability.
3.    Operates in a competitive industry. 
4.    The company has reported negative cash flows in the past. 
 

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FAQs

The minimum lot size of NSDL IPO is 18 shares and the investment required is ₹13,536.

The price band of NSDL IPO is ₹752 to ₹792.

NSDL IPO is open from 6th November to 8th November 2023.

The size of NSDL IPO is ₹490.33 cr. 

The share allotment date of NSDL IPO is 13th of November 2023.

The NSDL IPO will be listed on 17th of November 2023.

ICICI Securities Limited, Equirus Capital Private Limited IIFL Securities Limited, and Nomura Financial Advisory and Securities (India) Private Limited are the book-running lead managers for NSDL IPO.

The company will not receive any proceeds. The entire Offer Proceeds will be received by the Selling Shareholders.

To apply for NSDL IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Protean eGov Technologies IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
●    You will receive a mandate notification to block funds in your UPI app.