Bookbuilding IPO | ₹14 Cr | Listed at NSE SME | Wed, Jul 28, 2021 - Mon, Aug 2, 2021
Network People IPO is a book build issue of ₹13.70 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹13.70 crore.
Network People IPO bidding started from Jul 28, 2021 and ended on Aug 2, 2021. The allotment for Network People IPO was finalized on Aug 5, 2021. The shares got listed on NSE SME on Aug 10, 2021.
Network People IPO price band is set at ₹80 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,28,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,56,000.
BOI Merchant Bankers Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Maverick Share Brokers Pvt.Ltd..
Refer to Network People IPO RHP for detailed Information.
IPO Open
Wed, Jul 28, 2021
IPO Close
Mon, Aug 2, 2021
Issue Price
₹80 per share
Market Cap (Pre-IPO)
₹51.70 Cr
| IPO Date | 28 Jul to 2 Aug, 2021 |
| Listed on | Tue, Aug 10, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹80 |
| Issue Price | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 17,12,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 86,400 shares Maverick Share Brokers Pvt.Ltd. (agg. up to ₹0.6912 Cr) |
| Fresh Issue (Ex Market Maker) | 16,25,600 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 16,25,600 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 47,50,000 shares |
| Share Holding Post Issue | 64,62,000 shares |
| NSE Symbol | NPST |
| ISIN | INE0FFK01017 |
Network People IPO comprises a total issue size of 17,12,000 shares. The net offer to the public is 16,25,600 shares, after excluding 86,400 shares allotted on a firm basis. Of the Net offer 3,74,400 (23.03%) are allocated to QIB, 6,81,600 (41.93%) allocated to NII 5,69,600 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 3,74,400 | 23.03% | 21.87% |
| NII (HNI) Shares Offered | 6,81,600 | 41.93% | 39.81% |
| Retail Shares Offered | 5,69,600 | 35.04% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 86,400 | 5.05% | |
| Total Shares Offered | 17,12,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,28,000 |
| Retail (Max) | 1 | 1,600 | ₹1,28,000 |
| HNI (Min) | 2 | 3,200 | ₹2,56,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Development of TimePay® | 2.01 |
| 2 | Acquiring IT hardware and equipment’s | 3.28 |
| 3 | Marketing and promotion of TimePay® | 3.71 |
| 4 | General corporate purposes | 2.96 |
The NPST IPO is subscribed 22.37 times on August 2, 2021 5:36:00 PM (Day 4). The public issue subscribed 50.68 times in the retail category, 1.1 times in the QIB category, and 10.4 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.1 | 3,74,400 | 4,11,200 |
| NII* | 10.4 | 6,81,600 | 70,91,200 |
| Retail | 50.68 | 5,69,600 | 2,88,67,200 |
| Total | 22.37 | 16,25,600 | 3,63,69,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 1.46 |
| 2 | Reimbursement of Expenses | 0.02 |
| 3 | Advertising and marketing expenses | 0.10 |
| 4 | Fees payable to the Legal Advisors | 0.02 |
| 5 | Fees payable to the Registrar to the Issue | 0.02 |
| 6 | Fees payable to the Regulators including stock exchanges | 0.04 |
| 7 | Brokerage and selling commission payable to SCSB’s | 0.02 |
| 8 | Brokerage and selling commission payable to Registered Brokers | 0.02 |
| 9 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.01 |
| 10 | Printing and distribution of Issue stationary | 0.01 |
| 11 | Others (bankers to the Issue, auditor’s fees etc.) | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹83.95 |
| Low | ₹79.80 |
| High | ₹83.95 |
| Last Trade | ₹79.90 |
Lead Manager Reports
Network People IPO is a SME IPO of 17,12,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Jul 28, 2021, and closes on Mon, Aug 2, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Network People IPO using UPI as a payment gateway. Zerodha customers can apply in Network People IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Network People IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Network People IPO opens on Wed, Jul 28, 2021 and closes on Mon, Aug 2, 2021.
Network People IPO lot size is 1600, and the minimum amount required for application is ₹1,28,000.
You can apply in Network People IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Network People IPO will be done on Thursday, August 5, 2021, and the allotted shares will be credited to your demat account by Fri, Aug 6, 2021. Check the Network People IPO allotment status.
The Network People IPO listing date is on Tue, Aug 10, 2021.
