Protean eGov files draft papers with SEBI, plans to raise funds through IPO.
- ByStartupStory | December 25, 2021
Protean eGov Technologies Ltd, has filed a draft red herring prospectus with the Securities Exchange Board of India (SEBI) to raise funds via an initial public offering. The IPO consists of a pure offer for sale (OFS) of 12.08 million shares by its existing promoters and shareholders.
The OFS comprises up to 1.10 million shares by IIFL Special Opportunities Fund, up to 7.63 lakh shares by IIFL Special Opportunities Fund Series 2, up to 3.53 lakh shares by IIFL Special Opportunities Fund Series 3, up to 9.46 lakh shares by IIFL Special Opportunities Fund Series 4, up to 7.37 lakh shares by IIFL Special Opportunities Fund Series 5, 4.31 lakh shares by Administrator of the specified undertaking of the Unit Trust of India, up to 3.16 million shares by NSE Investments Ltd, up to 7.88 lakh shares by HDFC Bank, up to 1.26 million shares by Axis Bank and up to 7.09 lakh shares by Union Bank of India.
Protean eGov Technologies, formerly known as NSDL e-Governance Infrastructure Ltd, is serving in establishing public digital infrastructure and creating e-governance interventions, which includes the Tax information network, PAN card issuance service, record keeping for Central Pension system and Aadhaar authentication and e-KYC services.
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