Can you tell me about the size and timing of the NSDL E-Governance IPO?

Actually, NSDL E-Governance is the old name of the company and it is currently known as Protean eGov Technologies. This company has already filed the draft red herring prospectus (DRHP) with SEBI for its proposed Rs.1,300 crore IPO. The IPO will be entirely an offer for sale so no fresh funds will come in.

Some of the sellers in the OFS will include IIFL Special Opportunities Funds, NSE, HDFC Bank, Axis Bank, Deutsche Bank, PNB and Union Bank. The lead managers are I-Sec, Equirus, IIFL Securities and Nomura Financial Advisory. Protean is essentially into creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.