NPST IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 18, 2022Let’s have a detailed review of the company and analytics of the NPST IPO release date, IPO offer price, subscription, Network People Services Technologies Private Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs 76 to Rs 80 |
| Listing At | NSE EMERGE |
| Min. Order Quantity | 1600 Shares |
| Listing Date | Aug 10, 2021 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 1370 Lakh |
| Tick Size | 1 |
Network People Services Technologies Private Limited IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – NPST Share Price |
NPST IPO – Summary
Their 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, their company was converted into Public Limited Company vide special resolution passed by their 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 the issuance of Fresh Certificate of Incorporation dated October 09, 2020, by Registrar of Companies, Mumbai, Maharashtra.
The Promoter of this company is DEEPAK CHAND THAKUR, ASHISH AGGARWAL, AND SAVITA VASHIST. The lead manager to the issue is HOLANI CONSULTANTS PRIVATE LIMITED and BOI MERCHANT BANKER LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
NPST IPO Date
The opening and the closing date of the IPO of NPST Limited are Jul 28, 2021, and Aug 2, 2021, respectively.
NPST IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 28 July | 0.00x | 0.28x | 17.25x | 6.16x |
| 2nd Day – 29 July | 0.00x | 0.91x | 26.96x | 9.83x |
| 3rd Day – 30 July | 1.00x | 1.00x | 34.47x | 12.73x |
| 4th Day – 2nd Aug | 1.10x | 10.40x | 50.68x | 22.37x |
| Shares Offered or Net Issue | 374,400 | 681,600 | 569,600 | 1,625,600 |
The shares subscribed by the public will be updated here.
NPST IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
NPST Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Aug 5, 2021 |
| Refunds Initiation | Aug 6, 2021 |
| The credit of Shares to Demat Account | Jul 6, 2021 |
| Share Listing Date | Aug 10, 2021 |
NPST IPO Price Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs 76 to Rs 80
NPST IPO Equity Size
This Initial Public Issue of 17,12,000 Equity Shares of Rs.10 each for cash at a price of Rs 76 to Rs 80 per equity share aggregating to Rs.1370 Lakh.
Network People Services Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.1370 Lakh
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NPST IPO – Live Performance
The listing date of this IPO is Aug 10, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – NPST Share Price |
NPST IPO Grey Market Premium
The NPST IPO or Network People Services Technologies Private Limited Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
NPST IPO – Company Overview
Network People Services Technologies Private Limited 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, their company was converted into Public Limited Company vide special resolution passed by their 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 the issuance of Fresh Certificate of IOur Company is a banking technology service provider (TSP) and is engaged in providing software and mobility solutions to banking and finance sector primarily focusing on mobile banking applications, digital transaction solutions such as IMPS, UPI, digital wallet, etc. and smart transaction solutions.
They are equipped to provide end-to-end services related to payment platforms including mobile banking solutions and are currently rendering their services to Canara Bank, Syndicate Bank, Kerala Gramin Bank, Karnataka Gramin Bank, IBM India Private Limited, and Cosmos Co-operative Bank.
Their Company is also engaged in rendering software services consisting of designing, consulting, development, quality, and manpower provisioning under software SDLC. With a mission to create the largest network of technology-enabled merchants/users, their Company has developed a digital ecosystem for the cashless economy through their flagship application named and styled as TimePay®ncorporation dated October 09, 2020, by Registrar of Companies, Mumbai, Maharashtra.
NPST IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 1651.89 | 997.23 | 881.25 |
| *Total Revenue | 1538.00 | 1524.72 | 1800.14 |
| Total Expense | 1396.45 | 1382.93 | 1613.19 |
| Profit After Tax | 105.93 | 104.05 | 134.79 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 2.35 | 10.41 | 13.48 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 105.93 Lakh, Rs. 447.45 Lakh, Rs. 104.05 Lakh and Rs. 134.79 Lakh respectively.
NPST IPO – Promoters
The Promoter of Network People Services Technologies Private Limited IPO is:
- DEEPAK CHAND THAKUR
- ASHISH AGGARWAL
- SAVITA VASHIST
List of Related Parties (Key Managerial Personnel)
- DEEPAK CHAND THAKUR, Chairman and Managing Director
- ASHISH AGGARWAL, Joint Managing Director
- RENU SHYAM SUNDER VASHIST, Non – Executive Director
- RAJIV KUMAR AGGARWAL, Independent Director
- ABHISHEK MISHRA, Independent Director
- Gaurav Chowdhry, Non – Executive Nominee Director
NPST IPO – Promoters Holding
- Pre Issue Share Holding – 91.90%
- Pos Issue Share Holding – %
NPST IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 17,12,000 Equity Shares aggregating up to Rs.1370 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 86,400 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 16,25,600 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 5,69,600 Equity Shares |
| Other than Retail Individual Investors | Not more than 6,81,600 Equity Shares |
| Equity Shares outstanding prior to the Issue | 47,50,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
NPST IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To develop a mobile application in the name of TimePay®
- To acquire IT hardware and equipment
- Marketing and promotion of TimePay®
- To meet general corporate expenses.
Network People Services Technologies IPO – Business Strategy
- Acquire user accounts and deepen key account relationships
- Further Investment in TimePay and their digital processes
- Build a household brand
- Optimize reach through Merchant PSP business
- Achieve Top 5 positions in the digital transaction landscape in the country
- Penetration in the international market
- Tap into Top 100 startups in India
NPST IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced management and efficient workforce.
- A scalable business model with multiple steady growth drivers.
- Optimum quality of products and services diversified across sectors.
- End to End capabilities spanning the digital lifecycle from roadmap to deployment and maintenance.
- Focus on quality and innovation gaining customer satisfaction.
- Strong R&D capabilities & quality content.
- Strong marketing.
- Evolving with technological changes.
- Networking strength.
- Well-established relationships with Banks and Financial Institutions.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.35 | 15.81 | 14.89 |
| 31-Mar-20 | 2.31 | 18.45 | – |
| Mar-19 | 3.00 | 29.30 | – |
Network People Services IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS Basic (Rs.) | EPS Diluted (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Network People Services Technologies Limited | 10 | [●] | 2.35 | 2.35 | 15.81 | 1538.00 |
| Listed Peers | ||||||
| Oracle Financial Services Software Limited | 5 | 15.68 | 204.9 | 203.99 | 25.73 | 511590.30 |
| Mphasis Limited | 10 | 27.68 | 65.18 | 64.43 | 18.64 | 985525.60 |
| RamInfo Limited | 10 | 11.39 | 2.67 | 2.67 | 9.68 | 7946.52 |
| Infibeam Avenues Limited | 1 | 91.15 | 0.53 | 0.52 | 2.43 | 68606.00 |
Network People Services Tech IPO Lead Managers
| Lead Managers |
|
HOLANI CONSULTANTS PRIVATE LIMITED BOI MERCHANT BANKER LIMITED |
NPST IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India Tel: +91 022-49186200 Fax: +91 022-49186060 Website: www.linkintime.co.in Email: network.ipo@linkintime.co.in Investor Grievance ID – network.ipo@linkintime.co.in Contact Person: Mrs. Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
NPST IPO – Other Details
- Statutory Auditor – M/s. Keyur Shah & Co., Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
NPST IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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NPST Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
NPST IPO Review FAQs
What is the Issue Size of NPST IPO?
The Company is making an initial public offer of 17,12,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of NPST IPO?
The price band for this particular IPO ranges between Rs 76 to Rs 80. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the NPST IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jul 28, 2021, while the closing date is set at Aug 2, 2021.
What is the NPST IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 5, 2021, refund initiation is on Aug 6, 2021, credit of shares is on Jul 6, 2021, and share listing date is on Aug 10, 2021.
What is the NPST IPO Listing Date?
Shares of this company shall be listed in the exchanges on Aug 10, 2021. The date, when the listing would be done, is stagnant on Aug 10, 2021.
Who is the Registrar of NPST IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of NPST IPO?
Here are the promoters of this IPO – DEEPAK CHAND THAKUR, ASHISH AGGARWAL, AND SAVITA VASHIST. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of NPST IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is NPST IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of NPST Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 105.93, 2020 is 104.05, 2019 is 134.79.
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