Protean eGov Technologies, has allotted 18,12,300 Equity Shares to 18 anchor investors and raised Rs.143.53 crore ahead of company's proposed IPO
FinTech BizNews Service
Mumbai, November 4, 2023: Protean eGov Technologies, has allotted 18,12,300 Equity Shares to 18 anchor investors and raised Rs.143.53 crore ahead of company’s proposed IPO at the upper price band of Rs.792 per equity share (including premium of Rs. 782 per equity shares) with face value of Rs.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 (Rs. per Equity Share) | Total Amount Allocated (Rs.) |
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 (Rs. per Equity Share) | Total Amount Allocated (Rs) |
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.
