Protean eGov Technologies IPO Subscription Status
Protean eGov Technologies IPO was subscribed 23.86 times when bidding closed on 8 Nov 2023: QIB 46.94x, NII 31.62x, Retail 8.93x.
The Protean eGov Technologies IPO has been subscribed 23.86x times overall. Retail investors have shown interest with bids for 8.93x the shares available. The Non-Institutional Investor (NII) category has been subscribed 31.62x. Within NII, Big HNI (B-HNI) subscribed 33.14x and Small HNI (S-HNI) subscribed 28.58x. Qualified Institutional Buyers (QIBs) have subscribed 46.94x. Data last updated on 10 Nov, 06:18 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 06 Nov, 2023 and closes on 08 Nov, 2023. The shares are expected to list on stock exchanges on 13 Nov, 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 46.94x |
| NII | - of - - | 31.62x |
bHNI — bid amount above ₹10 Lakh |
- - | 33.14 |
sHNI — bid amount ₹2–10 Lakh |
- - | 28.58 |
| Retail | - of - - | 8.93x |
| Employee | - of - - | 1.49x |
| TOTAL | - - | 23.86x |
Protean eGov Technologies IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 11.2% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 46.94x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
08 Nov 2023
Day 3 |
23.86x | ▼ | |
|
QIB46.94x
BHNI33.14x
SHNI28.58x
Retail8.93x
Employee1.49x
|
|||
|
07 Nov 2023
Day 2 |
3.22x | ▼ | |
|
QIB0.07x
BHNI5.17x
SHNI8.37x
Retail3.9x
Employee0.76x
|
|||
|
06 Nov 2023
Day 1 |
1.08x | ▼ | |
|
QIB0.01x
BHNI1.28x
SHNI2.39x
Retail1.49x
Employee0.31x
|
|||
Protean eGov Technologies IPO dates
From the bidding window 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
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Protean eGov Technologies IPO?
As of IPO close date (08 Nov, 2023), the Protean eGov Technologies IPO is subscribed 23.86x times. Retail category is 8.93x, and NII is 31.62x subscribed.
When is the allotment date for Protean eGov Technologies IPO?
The allotment for Protean eGov Technologies IPO is expected to be finalized on 13 November, 2023.
What is the GMP of Protean eGov Technologies?
The Grey Market Premium (GMP) for Protean eGov Technologies is currently ₹80, indicating a potential listing gain of 10%.
When will Protean eGov Technologies IPO list on the stock market?
Protean eGov Technologies is scheduled to list on BSE and NSE on 13 November, 2023.
What are the chances of getting allotment in Protean eGov Technologies IPO?
The retail category is oversubscribed at 8.93x, meaning allotment is by lottery. Statistically, approximately 1 in 9 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 46.94x mean for Protean eGov Technologies IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 46.94x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Protean eGov Technologies IPO allotment status?
After the allotment date (13 Nov, 2023), you can check your Protean eGov Technologies IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Protean eGov Technologies IPO further
Track every stage of this IPO, from subscription to listing.
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Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
