Muted debut for Protean eGov Tech

New Delhi: Shares of Protean eGov Technologies made a flat debut on Monday, listing at par with the issue price of Rs792. The stock made its debut at Rs792 on the BSE. Later, it climbed 3.91 per cent to Rs823. The company commanded a market valuation of Rs3,288.52 crore during the morning trade. The Initial Public Offer (IPO) of Protean eGov Technologies was subscribed 23.86 times on the last day of subscription on Wednesday. The Rs490 crore IPO had a price band of Rs752-792 per share. The public issue of Protean eGov Technologies (formerly known as NSDL E-Governance Infrastructure) was purely an Offer of Sale (OFS).