Protean eGov Technologies (erstwhile NSDL E-Governance Infrastructure) filed preliminary documents with the market regulator — SEBI to raise funds via initial share sale.
The public issue is entirely an offer of sale (OFS) of 1.2 crore equity shares, as per the draft red herring prospectus (DRHP).
Those who are offloading some shares are IIFL Special Opportunities Funds, NSE Investments, Administrator of the Specified Undertaking of the Unit Trust of India, HDFC Bank, Axis Bank, Deutsche Bank A.G., Punjab National Bank and Union Bank of India.
Protean eGov Technologies provides a public digital infrastructure for e-governance purposes, such as the Tax Information Network, PAN card issuance service, record keeping for the Central Pension System, and Aadhaar authentication and e-KYC services.
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At first, the company was built as a depository in 1995, creating systemically important national infrastructure for the development of the capital market in India.
ICICI Securities, Equirus Capital Pvt Ltd, IIFL Securities Ltd, Nomura Financial Advisory and Securities India Pvt Ltd are the book running lead managers to the share-sale. The equity share are going to be listed on the Indian bourses.