NPST IPO will open for subscription from 28 July 2021. the company aims for an issue size of ₹13.70 Cr through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Network People Services Technologies Limited
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.
Objects of the Issue
- To develop a mobile application in the name of “TimePay”.
- For acquiring IT hardware and equipment.
- To undertake marketing and promotion of “TimePay”.
- General corporate purposes.
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.
Basic details about the company
| Full name | Network People Services Technologies Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | www.npstx.com |
NPST IPO Details
| IPO Opening Date | Jul 28, 2021 |
| IPO Closing Date | Aug 2, 2021 |
| Issue Type | Book Built Issue IPO |
| IPO Size | 1,712,000 Eq Shares of ₹10 (aggregating up to ₹13.70 Cr) |
| Face Value | ₹10 per equity share |
| IPO Price | ₹76 to ₹80 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Application amount | ₹128,000 |
| Listing At | NSE SME |
Company Financials
| 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 |
Company Promoters
- Deepak Chand Thakur
- Ashish Agarwal
- Savita Vashist
NPST IPO Lead Manager(s)
- BOI Merchant Bankers Ltd
- Holani Consultants Private limited
NPST IPO Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: network.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Information
Network People Services Technologies Limited
306, 3rd Floor, Lodha Supremus II, Road No. 22,
Wagle Estate, Thane (West)
Phone: +91–9810497261
Email: cs@npstx.com
Website: http://www.npstx.com/
Final thoughts
NPST IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing