Protean eGov Technologies IPO vs Valiant Laboratories IPO

Comparision between Protean eGov Technologies IPO and Valiant Laboratories IPO.

IPO Details

Protean eGov Technologies IPO is a Mainline Book Built Issue IPO proposed to list at BSE while Valiant Laboratories IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Protean eGov Technologies IPO	Valiant Laboratories IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE	BSE, NSE
Lead Managers	ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	Unistone Capital Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Protean eGov Technologies IPO is up to ₹490.33 Cr whereas the issue size of the Valiant Laboratories IPO is up to ₹152.46 Cr. The final issue price of Protean eGov Technologies IPO is ₹792.00 per share and of Valiant Laboratories IPO is ₹140.00 per share.

	Protean eGov Technologies IPO	Valiant Laboratories IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹752.00 per share	₹133.00 per share
Issue Price (Upper)	₹792.00 per share	₹140.00 per share
Issue Price (Final)	₹792.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)	₹75.00 per share
Market Lot Size	18 shares	105 shares
Fresh Issue Size		1,08,90,000 shares
Fresh Issue Size (Amount)		up to ₹152.46 Cr
OFS Issue Size	61,91,000 shares
OFS Issue Size (Amount)	up to ₹490.33 Cr
Issue Size Total	61,91,000 shares	1,08,90,000 shares
Issue Size Total (Amount)	up to ₹490.33 Cr	up to ₹152.46 Cr

IPO Timetable

Protean eGov Technologies IPO opens on Nov 06, 2023, while Valiant Laboratories IPO opens on Sep 27, 2023. The closing date of Protean eGov Technologies IPO and Valiant Laboratories IPO is Nov 08, 2023, and Oct 03, 2023, respectively.

	Protean eGov Technologies IPO	Valiant Laboratories IPO
Anchor Bid Date	Nov 03, 2023	Sep 26, 2023
Issue Open	Nov 06, 2023	Sep 27, 2023
Issue Close	Nov 08, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Nov 13, 2023	Oct 05, 2023
Initiation of Refunds (Tentative)	Nov 15, 2023	Oct 06, 2023
Credit of Share (Tentative)	Nov 16, 2023	Oct 06, 2023
Listing date (Tentative)	Nov 13, 2023	Oct 06, 2023
Anchor Lockin End date 1	Dec 13, 2023	Nov 04, 2023
Anchor Lockin End date 2	Feb 11, 2024	Jan 03, 2024

Financials

Protean eGov Technologies IPO P/E ratio is 29.91, as compared to Valiant Laboratories IPO P/E ratio of 15.71.

Protean eGov Technologies IPO

Valiant Laboratories IPO

Financial

Protean eGov Technologies Limited Financial Information (Restated Consolidated)

Protean eGov Technologies Limited's revenue increased by 1.78% and profit after tax (PAT) dropped by -25.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,133.86	1,104.10	988.14	862.39
Revenue	233.17	783.87	770.18	652.03
Profit After Tax	32.21	107.04	143.94	92.19
Net Worth	888.10	856.94	788.00	667.46
Reserves and Surplus	847.48	816.33	747.43	627.14
Total Borrowing
Amount in ₹ Crore

Valiant Laboratories IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	106.31	181.81	212.76
Revenue	183.78	293.47	338.77
Profit After Tax	30.59	27.50	29.00
Net Worth	88.58	71.46	100.49
Reserves and Surplus
Total Borrowing	0.35	60.68	59.40

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

74.94%

P/E Ratio

29.91

15.71

Market Cap

₹3203.38 Cr.

₹608.30 Cr.

ROE

12.49%%

33.73%%

ROCE

16.13%%

22.76%%

Debt/Equity

0.59

EPS

₹26.48

₹8.91

RoNW

12.49%%

28.86%%

Shares Offered

In the Protean eGov Technologies IPO retail investors (RII) are offered 21,14,350 shares while in Valiant Laboratories 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 21,78,030 shares in Valiant Laboratories IPO.

	Protean eGov Technologies IPO	Valiant Laboratories IPO
Anchor Investor Reserveration	18,12,300 shares	32,66,970 shares
Market Maker Reserveration
QIB	12,08,200 shares	21,78,030 shares
NII	9,06,150 shares	16,33,500 shares
RII	21,14,350 shares	38,11,500 shares
Employee	1,50,000 shares	0 shares
Others
Total	43,78,700 shares	76,23,030 shares

Bids Received (Subscription)

Protean eGov Technologies IPO subscribed 23.86x in total, whereas Valiant Laboratories IPO subscribed 29.76x.

	Protean eGov Technologies IPO	Valiant Laboratories IPO
QIB (times)	46.94x	20.83x
NII (times)	31.62x	73.64x
Big NII (times)	33.14x	78.64x
Small NII (times)	28.58x	63.64x
RII (times)	8.93x	16.06x
Employee (times)	1.49x
Other (times)
Total (times)	23.86x	29.76x

Compare with others

Protean eGov Technologies IPO	Valiant Laboratories IPO
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Valiant Laboratories IPO	Yatra Online IPO
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