Comparison between Protean eGov Technologies IPO and Updater IPO.
Protean eGov Technologies IPO is a Mainboard Bookbuilding IPO proposed to list at BSE while Updater IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Protean eGov Technologies IPO is up to ₹489.95 Cr whereas the issue size of the Updater IPO is up to ₹640.00 Cr. The final issue price of Protean eGov Technologies IPO is ₹792.00 per share and of Updater IPO is ₹300.00 per share.
| Protean eGov Technologies IPO | Updater IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹752.00 per share | ₹280.00 per share |
| Issue Price (Upper) | ₹792.00 per share | ₹300.00 per share |
| Issue Price (Final) | ₹792.00 per share | ₹300.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹75.00 per share | |
| Market Lot Size | 18 shares | 50 shares |
| Fresh Issue Size | 0 shares | 1,33,33,333 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹400.00 Cr |
| OFS Issue Size | 61,91,000 shares | 80,00,000 shares |
| OFS Issue Size (Amount) | up to ₹489.95 Cr | up to ₹240.00 Cr |
| Issue Size Total | 61,91,000 shares | 2,13,33,333 shares |
| Issue Size Total (Amount) | up to ₹489.95 Cr | up to ₹640.00 Cr |
Protean eGov Technologies IPO opens on Nov 06, 2023, while Updater IPO opens on Sep 25, 2023. The closing date of Protean eGov Technologies IPO and Updater IPO is Nov 08, 2023, and Sep 27, 2023, respectively.
| Protean eGov Technologies IPO | Updater IPO | |
|---|---|---|
| Anchor Bid Date | Nov 03, 2023 | Sep 22, 2023 |
| Issue Open | Nov 06, 2023 | Sep 25, 2023 |
| Issue Close | Nov 08, 2023 | Sep 27, 2023 |
| Basis Of Allotment (Tentative) | Nov 13, 2023 | Sep 28, 2023 |
| Initiation of Refunds (Tentative) | Nov 15, 2023 | Sep 29, 2023 |
| Credit of Share (Tentative) | Nov 16, 2023 | Oct 03, 2023 |
| Listing date (Tentative) | Nov 13, 2023 | Oct 04, 2023 |
| Anchor Lockin End date 1 | Dec 13, 2023 | Oct 28, 2023 |
| Anchor Lockin End date 2 | Feb 11, 2024 | Dec 27, 2023 |
Protean eGov Technologies IPO P/E ratio is 29.91, as compared to Updater IPO P/E ratio of 44.31.
| Protean eGov Technologies IPO | Updater IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 80.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 58.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 29.91 | 44.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3203.38 Cr. | ₹2001.00 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 12.49% | 9.40% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 16.13% | 14.17% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹26.48 | ₹6.77 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 12.49% | 9.34% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Protean eGov Technologies IPO Retail Individual Investors (RII) are offered 21,14,350 shares while in Updater IPO retail investors are offered 21,14,350 shares. Qualified Institutional Buyers (QIB) are offered 12,08,200 shares in Protean eGov Technologies IPO and 64,00,001 shares in Updater IPO.
| Protean eGov Technologies IPO | Updater IPO | |
|---|---|---|
| Anchor Investor Reservation | 18,12,300 shares | 96,00,000 shares |
| Market Maker Reservation | ||
| QIB | 12,08,200 shares | 64,00,001 shares |
| NII | 9,06,150 shares | 31,99,999 shares |
| RII | 21,14,350 shares | 21,33,333 shares |
| Employee | 1,50,000 shares | |
| Others | ||
| Total | 61,91,000 shares | 2,13,33,333 shares |
Protean eGov Technologies IPO subscribed 23.86x in total, whereas Updater IPO subscribed 2.96x.
| Protean eGov Technologies IPO | Updater IPO | |
|---|---|---|
| QIB (times) | 46.94x | 4.50x |
| NII (times) | 31.62x | 0.89x |
| Big NII (times) | 33.14x | 1.07x |
| Small NII (times) | 28.58x | 0.53x |
| RII (times) | 8.93x | 1.45x |
| Employee (times) | 1.49x | |
| Other (times) | ||
| Total (times) | 23.86x | 2.96x |
