Protean eGov Technologies IPO GMP History
Protean eGov Technologies IPO has been listed on November 13, 2023 at a listing price of ₹792, against the issue price of ₹792 — a gain of ₹0 (+0%). The GMP peaked at ₹150 on 6 November 2023 and reached a low of ₹80 on 10 November 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Protean eGov Technologies IPO raised ₹489.95 Cr. through its IPO at a price band of ₹752 to ₹792 per share, with a lot size of 18 shares. The IPO was open for subscription from 06 Nov 2023 to 08 Nov 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:18 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 10 Nov 2023 | ₹ 80 | — | 10% | — | — |
| 09 Nov 2023 | ₹ 80 | ▼ | 10% | — | — |
| 08 Nov 2023 | ₹ 100 | ▼ | 13% | — | — |
| 07 Nov 2023 | ₹ 110 | ▼ | 14% | — | — |
| 06 Nov 2023 | ₹ 150 | ▲ | 19% | — | — |
| 04 Nov 2023 | ₹ 110 | ▼ | 14% | — | — |
| 03 Nov 2023 | ₹ 120 | — | 15% | — | — |
| 02 Nov 2023 | ₹ 120 | — | 15% | — | — |
Protean eGov Technologies IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 06 Nov 2023
- Close 08 Nov 2023
- Allotment 13 Nov 2023
- Refund/credit 15 Nov 2023
- Listing 13 Nov 2023
Protean eGov Technologies IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹792 |
|---|---|
| GMP-based estimate (pre-listing) | ₹872 (+10.1%) |
| Listing gain / loss | +₹0 per share |
| Listing date | 13 Nov, 2023 |
| Actual listing price | ₹792 (+0%) |
Is Protean eGov Technologies IPO GMP reliable?
Grey market premium for Protean eGov Technologies IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Protean eGov Technologies IPO full review for a fundamentals-based assessment before making any grey market trades.
Protean eGov Technologies IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Protean eGov Technologies IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Protean eGov Technologies IPO
Protean eGov Technologies Limited was incorporated as National Securities Depository Limited on 27 December 1995. As per CRISIL, it is one of the key IT-enabled solutions companies in India, building nationally critical, population scale technology solutions.
It works with the government on digital public infrastructure and citizen-centric e-governance solutions across several sectors of the Indian economy.
As per CRISIL, it was among the leading Indian e-governance companies by profitability, operating income and operating margin in Fiscal 2023. The company has no identifiable promoter.
The IPO was Rs 489.95 crore and was entirely an offer for sale by existing shareholders, including 360 One Special Opportunities Fund series, so the company received none of the money.
Frequently asked
What is the GMP of Protean eGov Technologies IPO?
The current Grey Market Premium (GMP) of Protean eGov Technologies IPO is ₹ 80.
What is the Kostak Price of Protean eGov Technologies IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Protean eGov Technologies IPO is not available.
What is the Subject to Sauda Price of Protean eGov Technologies IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Protean eGov Technologies IPO?
Protean eGov Technologies IPO listed on November 13, 2023 at ₹792, against the issue price of ₹792 — a gain of +0%.
How did the GMP of Protean eGov Technologies IPO trend before listing?
The GMP of Protean eGov Technologies IPO was stable in its final days before listing. The GMP peaked at ₹150 on 6 November 2023. View the day-wise table above for the complete GMP history.
Explore Protean eGov Technologies IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
