Network People Services Technologies Limited IPO Detail
Incorporated in 2013, Network People Services Technologies (NPST) is a banking technology service provider that offers software and mobility solutions to the banking and finance sector. The company offers digital transformation solutions i.e. IMPS, Digital Wallet, UPI, and other smart art solutions. The company further offers software designing, consulting, development, and manpower provisioning services.
"TimePay" is its flagship application to enable users to create a digital ecosystem for the cashless economy. For instance, TimePay digital platform provides digital payment solutions i.e. UPI, mandate solutions, QR-based payments, etc. TimePay society is a platform that provides comprehensive solutions to manage society relations, accounting, security, user merchants, vendor relations, and more. TimePay digital merchant is a platform for offline merchants to grow and scale their business using technology.
Canara Bank, Syndicate Bank, Kerala Gramin Bank, Karnataka Gramin Bank, IBM India Private Limited, and Cosmos Co-operative Bank are some of its marquee customers.
Competitive Strengths
- Wide range of products & services; IT software & services, digital merchant, and service aggregation.
- Scalable business model across industries, geographies, etc.
- TimePay is a secure digital platform.
- Highly experienced managers.
Company Promoters
Deepak Chand Thakur, Ashish Agarwal, and Savita VashistIPO Details
| IPO Opening Date | Jul 28, 2021 |
| IPO Closing Date | Aug 02, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹76 - 80 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹13.70 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.00x | - | - | 0.47x | 29.50x | 10.76x |
IPO Tentative Timetable
The Network People Services Technologies Limited IPO open date is Jul 28, 2021, and the close date is Aug 02, 2021. The issue may list on Aug 10, 2021.
| IPO Open Date | Jul 28, 2021 |
| IPO Close Date | Aug 02, 2021 |
| Basis of Allotment Date | Aug 05, 2021 |
| Initiation of Refunds | Aug 06, 2021 |
| Credit of Shares to Demat Account | Jul 06, 2021 |
| IPO Listing Date | Aug 10, 2021 |
IPO Lot Size
The Network People Services Technologies Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹128000 |
| Maximum | 1 | 1600 | ₹128000 |
IPO Promoter Holding
| Pre Issue Share Holding | 91.90% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 16.51 | 15.38 | 1.05 |
| 30-Mar-20 | 9.97 | 15.25 | 18.00 |
| 30-Mar-19 | 1.06 | 1.04 | 13.47 |
Objects of the Issue:
- To develop mobile application in the name of "TimePay".
- To acquire IT hardware and equipments.
- To undertake marketing and promotion of "TimePay".
- General corporate purposes.
