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NPST IPO is a book built issue of Rs 13.70 crores.
NPST IPO bidding started from July 28, 2021 and ended on August 2, 2021. The allotment for NPST IPO was finalized on Thursday, August 5, 2021. The shares got listed on NSE SME on August 10, 2021.
NPST IPO price band is set at ₹76 to ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000.
Boi Merchant Bankers Ltd and Holani Consultants Private Limited are the book running lead managers of the NPST IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to NPST IPO RHP for detailed information.
| IPO Date | July 28, 2021 to August 2, 2021 |
| Listing Date | August 10, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,712,000 shares (aggregating up to ₹13.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 86,400 shares |
NPST IPO a total of 1,712,000 shares are offered. QIB: 374,400 (21.87%), RII: 569,600 (33.27%), NII: 681,600 (39.81%).
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 86,400 (5.05%) |
| QIB Shares Offered | 374,400 (21.87%) |
| NII (HNI) Shares Offered | 681,600 (39.81%) |
| Retail Shares Offered | 569,600 (33.27%) |
| Total Shares Offered | 1,712,000 (100%) |
NPST IPO opens on July 28, 2021, and closes on August 2, 2021.
| IPO Open Date | Wednesday, July 28, 2021 |
| IPO Close Date | Monday, August 2, 2021 |
| Basis of Allotment | Thursday, August 5, 2021 |
| Initiation of Refunds | Friday, August 6, 2021 |
| Credit of Shares to Demat | Friday, August 6, 2021 |
| Listing Date | Tuesday, August 10, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 2, 2021 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| Lot Size Calculator | |||
Deepak Chand Thakur, Ashish Agarwal, and Savita Vashist are the company promoters.
| Share Holding Pre Issue | 91.90% |
| Share Holding Post Issue |
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
| 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 | ||
[Dilip Davda] The company has posted almost static top and bottom lines for the past two fiscals. Major concerns are the scalability and branding of its products. Post pandemic, mobile banking has emerged as a sunshine industry and NPST is in the fray with its technology and has good scope. Based on its financial parameters, the issue appears aggressively priced. Investors may consider an investment with a long term perspective. Its value unlocking may take place post listing as digital transactions are gaining momentum. Read detail review...
The NPST IPO is subscribed 22.37 times on Aug 2, 2021 5:36:00 PM. The public issue subscribed 50.68 times in the retail category, 1.10 times in the QIB category, and 10.40 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.10 |
| NII | 10.40 |
| Retail | 50.68 |
| Total | 22.37 |
| Listing Date | August 10, 2021 |
| BSE Script Code | |
| NSE Symbol | NPST |
| ISIN | INE0FFK01017 |
| Final Issue Price | ₹80 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹80.00 |
| ₹83.95 |
| ₹79.80 |
| ₹83.95 |
| ₹79.90 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: network.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
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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 share. The minimum order quantity is 1600 Shares.
The IPO opens on July 28, 2021, and closes on August 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
Visit Zerodha IPO Application Process Review for more detail.
The NPST IPO opens on July 28, 2021 and closes on August 2, 2021.
NPST IPO lot size is 1600 Shares, and the minimum amount required is ₹128,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for NPST IPO will be done on Thursday, August 5, 2021, and the allotted shares will be credited to your demat account by Friday, August 6, 2021. Check the NPST IPO allotment status.
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