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Network People Services Technologies Limited IPO (NPST IPO) Detail

Jul 28, 2021 - Aug 2, 2021

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 Vashist are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1651.89 997.23 881.25
Total Revenue 1538.00 1524.72 1800.14
Profit After Tax 105.93 104.05 134.79

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.

NPST IPO Details

IPO Opening Date Jul 28, 2021
IPO Closing Date Aug 2, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹76 to ₹80 per equity share
Market Lot 1600 Shares
Min Order Quantity 1600 Shares
Listing At NSE SME
Issue Size1,712,000 Eq Shares of ₹10
(aggregating up to ₹13.70 Cr)

NPST IPO Tentative Timetable

The NPST IPO open date is Jul 28, 2021, and the close date is Aug 2, 2021. The issue may list on Aug 10, 2021.

IPO Open Date Jul 28, 2021
IPO Close Date Aug 2, 2021
Basis of Allotment Date Aug 5, 2021
Initiation of Refunds Aug 6, 2021
Credit of Shares to Demat Account Aug 6, 2021
IPO Listing Date Aug 10, 2021

NPST IPO Lot Size

The NPST IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 1600 ₹128,000
Maximum 1 1600 ₹128,000

NPST IPO Promoter Holding

Pre Issue Share Holding 91.90%
Post Issue Share Holding

NPST IPO Subscription Status (Bidding Detail)

The NPST IPO is subscribed 22.37 times on Aug 2, 2021 17:36. The public issue subscribed 50.68 in the retail category, 1.10 in the QIB category, and 10.40 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB

1.10

NII

10.40

RII

50.68

Total

22.37

NPST IPO Prospectus

NPST IPO Rating

250
3.9
Rating:Rated 3.9 stars
Vote Here ...

NPST IPO Listing Date

Listing Date Tuesday, August 10, 2021
BSE Script Code
NSE Symbol NPST
Listing In
ISIN INE0FFK01017
IPO Price ₹80 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹80.00
Open: ₹83.95
Low: ₹79.80
High: ₹83.95
Last Trade: ₹79.90

Company Contact Information

Network People Services Technologies Limited
306, 3rd Floor, Lodha Supremus II, Road No. 22,
Wagle Estate, Thane (West)

Phone: +91–9810497261
Email: cs@npstx.com
Website: http://www.npstx.com/

NPST IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: network.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

NPST IPO FAQs

NPST IPO is a SME IPO of 1,712,000 equity shares of the face value of ₹10 aggregating up to ₹13.70 Crores. The issue is priced at ₹76 to ₹80 per equity share. The minimum order quantity is 1600 Shares.

The IPO opens on Jul 28, 2021, and closes on Aug 2, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in NPST IPO using UPI as a payment gateway. Zerodha customers can apply in NPST IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in NPST IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'NPST IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The NPST IPO opens on Jul 28, 2021 and closes on Aug 2, 2021.

NPST IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.

You can apply in NPST IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for NPST IPO will be done on Aug 5, 2021, and the allotted shares will be credited to your demat account by Aug 6, 2021. Check the NPST IPO allotment status.

The NPST IPO listing date is on Tuesday, August 10, 2021.

NPST IPO Message Board

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