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The ₹490-crore IPO was subscribed almost 24 times. The retail investors' segment was subscribed 8.93 times, while the non-institutional investor or high net worth investor segment was subscribed 31.62 times. The qualified institutional buyers' portion was subscribed 46.94 times.
Shares of Protean eGov Technologies made a flat debut on Monday, listing at par with the issue price of Rs 792. The stock made its debut at Rs 792 on the BSE. Later, it climbed 3.91 per cent to Rs 823. The company commanded a market valuation of Rs 3,288.52 crore during the morning trade. The Initial Public Offer (IPO) of Protean eGov Technologies was subscribed 23.86 times on the last day of subscription on Wednesday. The Rs 490 crore IPO had a price band of Rs 752-792 per share., Markets News, Times Now
Get latest articles and stories on Latest News at LatestLY. Shares of Protean eGov Technologies made a flat debut on Monday, listing at par with the issue price of Rs 792. Latest News | Protean EGov Tech Shares Make Muted Market Debut.
Shares of Protean eGov Technologies was commanding a premium of Rs 45-50 per share ahead of its listing, suggesting a mild listing pop of 6 per cent to investors on its debut.
Stocks to watch: Shares of firms like LIC, Coal India, Tata Steel, Eicher Motors, Future Retail, and others will be in focus on Monday's trade.