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NPST IPO Details

IPO Open Jul 28, 2021
IPO Close Aug 2, 2021
IPO Price ₹80
Face Value ₹10
IPO Size ₹13.70 Cr
Listing At NSE SME
Lot Size 1600
Open an Instant Account with Zerodha
wpe124.jpg (1803 bytes) NETWORK PEOPLE SERVICES TECHNOLOGIES LIMITED

Our company was originally incorporated on October 04, 2013 as a Private Limited Company under the name and style of Network People Services Technologies Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, Mumbai, Maharashtra. Subsequently, our company was converted into Public Limited Company vide special resolution passed by our shareholders at the Extraordinary General Meeting held on August 29, 2020 and the name of the company was changed to Network People Services Technologies Limited pursuant to issuance of Fresh Certificate of Incorporation dated October 09.2020 by Registrar of Companies, Mumbai, Maharashtra. The Corporate Identification Number of our company U74110MH2013PLC248874. For details of Incorporation, change in the Name and Registered Office of our Company, please refer to section titled "General Information" and "Our History and Certain other Corporate Matters" beginning on pages 69 and 211 of the Prospectus.

Registered Office: 306, 3rd Floor, Lodha Supremus II, Road No. 22, Wagle Estate, Thane (West), MH 400604 IN Corporate Office: C-113, 3rd Floor, Sector 2, New Metro Station, Sector-15, Noida, Uttar Pradesh-201301
Tel No: +91-9810497261 Email: cs@npstx.com Website: www.npstx.com
Contact Person: Shreya Agarwal, Company Secretary & Compliance Officer CIN: U74110MH2013PLC248874
PROMOTERS OF THE COMPANY: DEEPAK CHAND THAKUR, ASHISH AGGARWAL AND SAVITA VASHIST
BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 17,12,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF NETWORK PEOPLE SERVICES TECHNOLOGIES LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS. 80/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 70/- PER EQUITY SHARE), AGGREGATING RS. 1,369,60 LAKHS ("THE ISSUE"), OF WHICH 86,400 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. 80/- PER EQUITY SHARE. AGGREGATING RS. 69.12 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 16,25,600 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 80/- PER EQUITY SHARE, AGGREGATING RS. 1.300.48 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.49% AND 25.16% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

ISSUE PRICE: Rs. 80/- PER EQUITY SHARE OF FACE VALUE OF Rs. 10/- EACH
THE ISSUE PRICE IS 8.0 TIMES THE FACE VALUE OF THE EQUITY SHARES
BID/ISSUE PERIOD
BID/ISSUE OPENED ON WEDNESDAY, JULY 28, 2021
BID/ISSUE CLOSED ON MONDAY, AUGUST 02, 2021

The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b)(l) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBIICDR Regulations, as amended, wherein not more than 23.03% of the Net Issue was made available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", the "QIB Portion"). Further, not less than 41.93% of the Net Issue was made available for allocation on a proportionate basis to Non- Institutional Bidders and not less than 35.04% of the Net Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All potential bidders were required to mandatorily utilise the Applications Supported by Blocked Amount ("ASBA") process by providing the details of their respective bank accounts (including UPI ID for RIBs using UPI mechanism), in which the corresponding Bid Amounts were blocked by SCSBs or Sponsor Bank, as applicable. For details, please refer chaptered "Issue Procedure" beginning on page 414 of the Prospectus.

The issue has received 23,612 applications for 4,46,12.800 Equity shares (Before Technical Rejections, Multiple Rejections, bids not banked and invalid duplicate / Multiple bids) including Market Maker Application of 86.400 Equity Shares. The Issue was subscribed to the extent of 26.059 times as per the application data (Before Technical Rejections, Multiple Rejections, bids not banked and invalid duplicate / Multiple bids). After considering the technical rejections cases, the issue was subscribed 12.651 times.

The details of application received (Before Technical Rejection and Multiple Rejections but after bids not banked and invalid duplicate bids)

Category No. of Applications No. of Equity Shares applied No. of Equity Shares reserved as per Prospectus No. of times Subscribed Amount (in Rs.)
Retail Individual Investors 9,397 1,50,35,200 5,69,600 26.396 1,20,22,62,400.00
Non-lnstitutional Investors 423 69,04,000 6,81,600 10.129 55,22,49,600.00
Qualified Institutional Buyers 1 3,74,400 3,74,400 1.0 2.99,52,000.00
Market Maker 1 86,400 86,400 1.0 69,12,000.00
Total 9,822 2,24,00,000 17,12,000 13.084 1,79,13,76,000.00

The details of applications rejected by the Registrar on technical grounds are detailed below:

(Technical Rejection)

Category No. of Applications No. of Equity Shares
Market Maker 0 0
Qualified Institutional Buyers 0 0
Retail Individual Investors 400 6,40,000
Other than Retail Individual Investors 13 1,00.800
Total 413 7,40,800

Final Demand

A summary of final demand as per National Stock Exchange of India Limited as on the Bid/lssue closing date at different Bid Prices is as under:

Bid Price Bid Quantity % of Total Cumulative Total % Cumulative Total
76 11,77,600 3.07% 11,77,600 3.07%
77 2,94,400 0.77% 14,72,000 3.84%
78 8,49,600 2.22% 23,21,600 6.06%
79 3,55,200 0.93% 26,76,800 6.98%
80 1,16,17,600 30.31% 1,42,94,400 37.29%
Cutoff 2,40,35,200 62.71% 3,83,29,600 100.00%

Basis of Allotment was finalised in consultation with the Designated Stock Exchange, being National Stock Exchange of India Limited on August 05, 2021.

1. Allocation to Retail Individual Investors (After Technical Rejections):

The Basis of Allotment to the Retail Individual Investors, who have Bid at cut-off price or at or above the Issue Price of Rs. 80/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The Category was subscribed to the extent of 25.2725 times. The Total number of Equity Shares allotted in this category is 5,69,600 Equity Shares to 356 successful applicants. The category-wise details of the Basis of Allotment are as under:

No. of shares applied for (Category wise) No. of applications received % of Total Total No. of shares applied in each category % of Total No. of Equity Shares allotted per applicant Ratio Total no. of Shares Allotted
1,600 8,997 100.00 1,43,95,200 100.00 1,600 4:101 5,69,600
Total 8,997 100.00 1,43,95,200 100.00 1,600 4:101 5,69,600

2. Allocation to Non-lnstitutional Investors (After Technical Rejections):

The Basis of Allotment to Non-lnstitutional Investors, who have Bid at the Issue Price of Rs. 80/- per Equity Share or above, was finalized in consultation with National Stock Exchange of India Limited. The Category has been subscribed to the extent of 9.9812 times. The Total number of Equity Shares allotted in this category is 6,81,600 Equity Shares to 161 successful applicants. The category-wise details of the Basis of Allotment are as under:

No. of shares applied for (Category wise) No. of applications received % of Total Total No. of shares applied in each category % of Total No. of Equity Shares allotted per applicant Ratio Total no. of Shares Allotted
3,200 217 52.92 6,94,400 10.20 1,600 43:217 68,800
4,800 46 11.21 2,20,800 3.24 1,600 14:46 22,400
6,400 34 8.29 2,17,600 3.19 1,600 14:34 22,400
8,000 24 5.85 1,92,000 2 82 1,600 12:24 19,200
9,600 15 3.65 1,44,000 2.11 1,600 9:15 14,400
11,200 10 2.43 1,12,000 1.64 1,600 7:10 11,200
12,800 10 2.43 1,28,000 1.88 1,600 8:10 12,800
14,400 5 1.21 72,000 1.05 1,600 1:1 8,000
16,000 8 1.95 1,28,000 1.88 1,600 1:1 12,800
17,600 1 0.24 17,600 0.25 1,600 1:1 1,600
19,200 2 0.48 38,400 0.56 1,600 1:1 3,200
20,800 1 0.24 20,800 030 1,600 1:1 1,600
24,000 5 1.21 1,20,000 1.76 1,600 1:1 8,000
24,000 1,600 Additional snares allocated 1,600 3:5 4.800
25,600 4 0.97 1,02,400 1.50 1,600 1:1 6,400
25,600 1,600 Additional snares allocated 1,600 2:4 3,200
28,800 1 0.24 28,800 0.42 3,200 1:1 3,200
30,400 3 0.73 91,200 1.34 3,200 1:1 9,600
32,000 4 0.97 1,28,000 1.88 3,200 1:1 12,800
38,400 1 0.24 38,400 0.56 3,200 1:1 3,200
40,000 1 0.24 40,000 0.58 4,800 1:1 4,800
48,000 2 0.48 96,000 1.41 4,800 1:1 9,600
51,200 1 0.24 51,200 0.75 4,800 1:1 4,800
62,400 1 0.24 62,400 0.91 6,400 1:1 6,400
80,000 3 0.73 2,40,000 3.52 8,000 1:1 24,000
88,000 1 0.24 88,000 1.29 9,600 1:1 9,600
89,600 2 0.48 1,79,200 2.63 8,000 1:1 16,000
89,600 1,600 Additional snares allocated 1,600 1:2 1,600
96,000 1 0.24 96,000 1.41 9,600 1:1 9,600
3,20,000 3 0.73 9,60,000 14.11 32,000 1:1 96,000
6,24,000 4 0.97 24,96,000 36.68 62,400 1:1 2,49,600

3. Allocation to QIB (After Technical Rejections):

Allotment to QIBs, who have Bid at the Issue Price of Rs. 80/- per Equity Share or above, was finalized in consultation with National Stock Exchange of India Limited. The Category has been subscribed to the extent of 1 time of QIB portion. The Total number of Equity Shares allotted in this category is 3,74,400 Equity Shares to 1 successful applicant.

Category wise Fls/Banks MFs 1C AIF Flls/FPIs Others Total
QIB - - - 3,74,400 - - 3,74,400

4. Allocation to Market Maker (After Technical Rejection):

Allotment to Market Maker, who have Bid at the Issue Price of Rs. 80/- per Equity Share or above, was finalized in consultation with National Stock Exchange of India Limited. The Category has been subscribed to the extent of 1 time of Market Maker portion. The Total number of Equity Shares allotted in this category is 86,400 Equity Shares to 1 successful applicant.

The Board of Directors of the Company at its meeting held on August 05, 2021 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has allotted the Equity Shares to various successful applicants. The Allotment Advice cum refund intimation v/ill be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to SCSBs have been dispatched / mailed for unblocking of funds and transfer to the public issue account on or before August 05, 2021. In case the same is not received within ten days, Investors may contact the Registrar to the issue at the address given below. The Equity Shares allocated to successful allottees shall be uploaded on or before August 09, 2021 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from National Stock Exchange of India Limited and trading of the Equity Shares is expected to commence on August 10, 2021.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated August 04, 2021 ("Prospectus'') filed with the Registrar of Companies, Mumbai ("RoC").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue. Link Intime India Private Limited at website: www.linkintime.co.in. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Bidder Serial number of the ASBA Form, number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the acknowledgement slip received from the Designated Intermediary and payment details at the address given below:

wpe123.jpg (1604 bytes) LINK INTIME INDIA PRIVATE LIMITED
C-101,1st Floor, 247 Park, Lai Bahadur Shastri Marg, Vikhroli (West), Mumbai 400083 Maharashtra, India
Tel No.: +91 022-49186200; Fax No.: +91 022-49186060; Email: networkipo@linkintime.co.in
Website: www.linkintme.co.in Contact Person: Shanti Gopakrishnan
SEBI Registration No.: INR000004058
Investor Grievance E-mail: network.ipo@linkintime.co.in
For Network People Services Technologies Limited
On behalf of the Board of Directors
Sd/-
Place: Mumbai Ashish Aggarwal
Date: August 06, 2021 Joint Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF NETWORK PEOPLE SERVICES TECHNOLOGIES LIMITED.

Disclaimer: Network People Services Technologies Limited has filed the Prospectus with RoC on August 04, 2021 and thereafter with SEBI and the Stock Exchanges. The Prospectus is available on the website of SEBI at www.sebi.gov.in and on the websites of BRLMs, Holani Consultants Private Limited at www.holaniconsultants.co.in and BOI Merchant Bankers Limited www.boimb.com. The investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, refer to the Section titled "Risk Factors" on page 34 of the Prospectus.

The Equity Shares have not been and will not be registered under the United States Securities Act of 1933, as amended ("U.S. Securities Act"), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States n offshore transactions in reliance on Regulations under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur. There will be no public offering in the United States. .



NPST IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in NPST IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The NPST IPO basis of allotment (published above) tells you how shares are allocated to you in NPST IPO and category wise demand of IPO share.

Visit the NPST IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in NPST IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).