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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 ₹80.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,21,600 (1600 shares). The minimum lot size investment for 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 Date | July 28, 2021 to August 2, 2021 |
| Listing Date | August 10, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹76 to ₹80 per share |
| Issue Price Final | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 17,12,000 shares (aggregating up to ₹13.70 Cr) |
| Reserved for Market Maker | 86,400 shares Maverick Share Brokers Pvt.Ltd. (aggregating up to ₹0.6912 Cr) |
| Net Offered to Public | 16,25,600 shares (aggregating up to ₹13.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 47,50,000 shares |
| Share Holding Post Issue | 64,62,000 shares |
NPST IPO offers total 17,12,000 shares. Out of which 3,74,400 (21.87%) allocated to QIB, 6,81,600 (39.81%) allocated to NII, 5,69,600 (33.27%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 86,400 (5.05%) |
| QIB Shares Offered | 3,74,400 (21.87%) |
| NII (HNI) Shares Offered | 6,81,600 (39.81%) |
| Retail Shares Offered | 5,69,600 (33.27%) |
| Total Shares Offered | 17,12,000 (100.00%) |
Network People IPO opens on July 28, 2021, and closes on August 2, 2021.
| IPO Open Date | Wed, Jul 28, 2021 |
| IPO Close Date | Mon, Aug 2, 2021 |
| Tentative Allotment | Thu, Aug 5, 2021 |
| Initiation of Refunds | Fri, Aug 6, 2021 |
| Credit of Shares to Demat | Fri, Aug 6, 2021 |
| Tentative Listing Date | Tue, Aug 10, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 2, 2021 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 | ||
The Company Network People IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[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...
| Listing Date | August 10, 2021 |
| BSE Script Code | |
| NSE Symbol | NPST |
| ISIN | INE0FFK01017 |
| Final Issue Price | ₹80 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹83.95 |
| Low | ₹79.80 |
| High | ₹83.95 |
| Last Trade | ₹79.90 |
Network People Services Technologies Ltd.
306, 3rd Floor, Lodha Supremus II,
Road No. 22,
Wagle Estate, (West)
Thane, Maharashtra, 400604
Phone: +91–9810497261
Email: cs@npstx.com
Website: http://www.npstx.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: network.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Network People IPO is a SME IPO of 17,12,000 equity shares of the face value of ₹10 aggregating up to ₹13.70 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on July 28, 2021, and closes on August 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 July 28, 2021 and closes on August 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 Friday, August 6, 2021. Check the Network People IPO allotment status.
The Network People IPO listing date is on Tuesday, August 10, 2021.
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