Crow Verdict: Protean eGov is the government's technology partner in several public infrastructure projects like Aadhaar eKYC, PAN, TIN, APY. This makes it almost a monopoly. But then again, businesses that only work with the government should always be kept at a distance. The entire OFS issue does not excite me as I don't see the point of this IPO from the company's perspective. Sure, the NSDL name and govt projects may make it stay afloat, but I don't see its business excitement to translate into the stock market. The asking price is not cheap, so I will try to gain 1 retail lot if QIB crosses 30x. Only then there may be a listing pop and if allotted I will exit on listing.
Crow's skin in the game: Will try to secure 1 retail lot.
Crow's last NEUTRAL recommendation: Honasa (2% listing pop and last closed at 4%).
Always in restraint of Mrs. Crow.