Protean eGov Technologies Limited raises ₹ 143.53 crore from 18 anchor investors at the upper price band of ₹ 792 per equity share

By
Passionate in Marketing
-
0
469
Protean eGov Technologies Limited raises ₹ 143.53 crore from 18 anchor investors at the upper price band of ₹ 792 per equity share
Protean eGov Technologies Limited raises ₹ 143.53 crore from 18 anchor investors at the upper price band of ₹ 792 per equity share

   Price Band fixed at ₹ 752 to ₹ 792 per Equity Share of face value of ₹ 10 each (“Equity Share”);

  • Bid/ Offer will open on Monday, November 06th, 2023 and close on Wednesday, November 08th, 2023.

  • Bids can be made for a minimum of 18 Equity Shares and in multiples of 18 Equity Shares thereafter.

  • Link:

https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20231103-46&attachedId=93a97227-78f1-49f1-bdca-799504a10976

 

Protean eGov Technologies Ltd, has allotted 18,12,300 Equity Shares to 18 anchor investors and raised ₹ 143.53 crore ahead of company’s proposed IPO at the upper price band of ₹ 792 per equity share (including premium of ₹ 782 per equity shares) with face value of ₹ 10 per share.

The anchor allocation is as follows:

Sr.

No.

 Name of Anchor Investor No. of Equity Shares Allocated % of Anchor Investor Portio Bid Price (₹ per Equity Share) Total Amount

Allocated (₹)
 

1

   SBI LIFE INSURANCE CO. LTD 2,61,432 14.43 792 20,70,54,144
2   BARODA BNP PARIBAS MULTI CAP FUND 1,30,068 7.18 792 10,30,13,856
3 BARODA BNP PARIBAS BANKING & FINANCIAL SERVICES FUND 17,694 0.98 792 1,40,13,648
4 BARODA BNP PARIBAS BUSINESS CYCLE  FUND 50,508 2.79 792 4,00,02,336
5 BARODA BNP PARIBAS ELSS FUND 63,162 3.49 792 5,00,24,304
6 ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED 2,61,432 14.43 792 20,70,54,144
7 BCAD FUND 2,61,432 14.43 792 20,70,54,144
8 ACM GLOBAL FUND VCC 2,61,432 14.43 792 20,70,54,144
9 LIC MF SMALL CAP FUND 12,636 0.70 792 1,00,07,712
10 LIC MF BALANCED ADVANTAGE FUND 31,572 1.74 792 2,50,05,024
11 LIC MF MULTI CAP FUND 37,872 2.09 792 2,99,94,624
12 LIC MF AGGRESSIVE HYBRID FUND 25,254 1.39 792 2,00,01,168
13 LIC MF MID CAP FUND 18,936 1.04 792 1,49,97,312
14 SBI GENERAL INSURANCE COMPANY LIMITED 1,26,270 6.97 792 10,00,05,840
15 GAM MULTISTOCK-EMERGING MARKETS EQUITY 63,150 3.48 792 5,00,14,800
16 LC RADIANCE FUND CC 63,150 3.48 792 5,00,14,800
17 SOCIETE GENERAL -ODI 63,150 3.48 792 5,00,14,800
18 ASTRONE CAPITAL VCC – ARVEN 63,150 3.48 792 5,00,14,800
TOTAL 18,12,300 100.00   1,43,53,41,600

 

Out of the total allocation of 18,12,300 Equity shares to the Anchor Investors, 3,87, 702 Equity shares (i.e.  21.40 % of the total allocation to the Anchor Investors) were allocated to 2 (Two) domestic mutual funds through a total 9 (Nine) schemes.

Sr.

No.

 Name of Anchor Investor No. of Equity Shares Allocated % of Anchor Investor Portio Bid Price (₹ per Equity Share) Total Amount

Allocated (₹)
1   BARODA BNP PARIBAS MULTI CAP FUND 1,30,068 7.18 792 10,30,13,856
2 BARODA BNP PARIBAS BANKING & FINANCIAL SERVICES FUND 17,694 0.98 792 1,40,13,648
3 BARODA BNP PARIBAS BUSINESS CYCLE  FUND 50,508 2.79 792 4,00,02,336
4 BARODA BNP PARIBAS ELSS FUND 63,162 3.49 792 5,00,24,304
5 LIC MF SMALL CAP FUND 12,636 0.70 792 1,00,07,712
6 LIC MF BALANCED ADVANTAGE FUND 31,572 1.74 792 2,50,05,024
7 LIC MF MULTI CAP FUND 37,872 2.09 792 2,99,94,624
8 LIC MF AGGRESSIVE HYBRID FUND 25,254 1.39 792 2,00,01,168
9 LIC MF MID CAP FUND 18,936 1.04 792 1,49,97,312
TOTAL 3,87,702 21.40   30,70,59,984

 

ICICI Securities Limited, Equirus Capital Private Limited, IIFL Securities Limited and Nomura Financial Advisors and Securities (India) Private Limited are the Book Running Lead Managers to the issue.