Pretean IPO listing: Share price jumps after flat debut. Buy, sell or hold?
Pretean IPO listing: After listing below market estimates, shares of Protean eGov Technologies Limited attracted buying interst post-listing and went on to hit intraday high of ₹824.75 per share on BSE, around 4 per cent higher from the issue price of ₹752 to ₹792 per equity share. According to stock market experts, Protean eGov Technologies Limited has a government-backed operational capacity.
The issue has listed below market estimates but medium to long term investors can take advantage of flat listing and accumulate more for maximising medium to long term returns. Protean eGov share price makes a flat debut; shares list at ₹792 apiece on BSE Speaking on Protean eGov Technologies Limited share listing, Prashant Tapse, Senior VP — Research at Mehta Equities said, "Despite being 100% offer-for-sale by the Rathee family and fully priced-in IPO offer, the entire issue received an overwhelming response from all kinds of investors especially from QIB’s 142 times.
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