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Shares of Proteus eGov Technologies, a company providing e-governance services, are now roaring. 3 days ago the company’s shares had a slow entry in the market, but now the shares of Protean eGov Technologies are witnessing a huge surge. On Thursday, the company’s stock surged 16% to Rs. reached a peak of 1227.80. Earlier, shares of Proteus eGov Technologies jumped 20 percent on Wednesday. The company’s stock hit a 52-week low of Rs. 775 is.
Crossed from Rs.792 to Rs.1200 in 4 days
The IPO of Proteus eGov Technologies opened on November 6 and remained open till November 8. The company’s IPO price band is Rs. 752 to Rs. was 792. Shares of the company in IPO Rs. 792 were allotted. Shares of the company on November 13 were flat at Rs. 792 were listed. After the listing, the shares of the company saw a jump and at the end of the day, the company’s shares closed at Rs.883. Shares of the company have risen 55% to Rs 1227.80 from the issue price of Rs 792. The shares of the company have increased in 4 days including the day of listing.
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Bets were placed on the IPO more than 23 times
Total bets on Proteus eGov Technologies’ IPO were 23.86 times. The retail quota of the company’s IPO was subscribed 8.93 times. At the same time, Non-Institutional Investors (NII) quota was subscribed 31.62 times. Whereas, the quota for Qualified Institutional Buyers (QIB) was subscribed 46.94 times. The employees’ quota was subscribed 1.49 times in the company’s IPO. In the company’s IPO, employees got a discount of Rs.75.
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