Network People Services Technologies Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 374,400 (22%) | — | ₹300 Cr |
| NII (HNI) | — | 681,600 (40%) | — | ₹545 Cr |
| Retail | — | 569,600 (33%) | — | ₹456 Cr |
| Market Maker | — | 86,400 (5%) | — | ₹7 Cr |
| Σ Total | — | 1,712,000 (100%) | — | ₹13,696 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹128,000 |
| Retail (Max) | 13 | 20,800 | ₹1,664,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,792,000 |
| B-HNI (Min) | 67 | 107,200 | ₹8,576,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 1,538 | 1,525 | 1,800 |
| Profit After Tax | 106 | 104 | 135 |
| Total Assets | 1,652 | 997 | 881 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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.