Network People Services Technologies was incorporated on October 04, 2013. The company provides software and mobility solutions to the banking and finance sector, focusing on digital payments like mobile banking, IMPS, UPI, and wallets. It also offers smart transaction and merchant management solutions for MSMEs
| Bidding Dates |
|---|
| 28 Jul 2021 - 02 Aug 2021 |
| Subscription |
|---|
| 22.37x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,600 | 1 | 1 | 1600 | 1.7 M | ₹76 - ₹80 | 67.55 % | ₹130.1 M - ₹137.0 M | RHP DOC |
Network People IPO SUBSCRIPTION STATUS
02 Aug '21Network People IPO overall subscription rate was 22.37 times the total available shares
Network People IPO retail subscription rate was 50.74 times in the retail segment
Network People IPO non-institutional investor subscription rate was 10.39 times in the non-institutional investor category
Network People IPO Qualified Institutional Bidder subscription rate was 1.1 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 42% | 23% |
02 Aug 2021 | 50.74x | 10.39x | 1.1x |
Network People FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY21 | 10.6 | 153.4 | 23.1 | -2.3 |
| FY20 | 10.4 | 151.9 | 31.2 | 3.0 |
| FY19 | 13.5 | 179.9 | 10.4 | -8.7 |
Network People IPO SUBSCRIPTION STATUS DETAILS
Network People had 1.7 M shares on offer
Network People IPO offer price was in the range ₹76 - ₹80
Network People IPO minimum Investment was ₹121600
Network People IPO issue size was ₹ 130.1 M - ₹ 137.0 M
Network People had a minimum lot size of 1600 Shares per application
Network People NUMBER OF SHARES ON OFFER
Network People IPO IMPORTANT DATES
| Issue Open Date | 28 Jul 2021 |
| Issue close Date | 02 Aug 2021 |
| Allotment Date | 05 Aug 2021 |
| Refund Date | 06 Aug 2021 |
| Demat Account Credit Date | 06 Aug 2021 |
| Listing Date | 10 Aug 2021 |
| Listing on Exchange(s) | NSE |
| Network People Allotment Status | Exchange |
Network People IPO subscription opened on 28 Jul 2021, and closed on 02 Aug 2021
IPO allotment for Network People was finalized on Thursday, 05 Aug 2021
IPO listing for Network People was on NSE on Tuesday, 10 Aug 2021
Network People IPO LISTING GAINS
| Issue Price (adjusted) | 80.0 |
| Listing Open Price | 28.0 |
| Listing Close Price | 26.6 |
| Listing Gain% | -65.0% |
| Current Gain% | 1887.0% |
Network People Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Network People Services Technologies Ltd. | 1589.6 | 1027.2 | 81.2 | -8.9 | 17 | 9.3 | 8 | 209.4 | 15.9 | 40.8 | -9.7 | 19.6 | -9.1 |
| Sagility Ltd. | 43.2 | 20228 | 20.4 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 352.6 | 15240.1 | 25 | 1 | 11.2 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 28.9 | 6727.7 | 16.1 | 0 | 6.1 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 436.4 | 6166 | 42.1 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 527.8 | 4370.8 | 38 | 1.5 | 5.9 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Network People INFORMATION ON IPO ISSUE
About Network People
Network People Services Technologies was incorporated on October 04, 2013. The company provides software and mobility solutions to the banking and finance sector, focusing on digital payments like mobile banking, IMPS, UPI, and wallets. It also offers smart transaction and merchant management solutions for MSMEs
Object of the Issue
- To develop mobile application in the name of 'TimePay'
- To acquire IT hardware and equipments
- Marketing and promotion of 'TimePay'
- To meet general corporate expenses
Network People - PROMOTERS
| Name |
|---|
| Deepak Chand Thakur |
| Ashish Aggarwal |
| Savita Vashist |
Network People Book Running Lead Manager
Holani Consultants Private Limited
ipo@holaniconsultants.co.in
BOI Merchant Banker Limited
info@boimb.com
Network People Registrar to the issue
Link Intime India Private Limited
network.ipo@linkintime.co.in
Network People Strengths
Quality and secure platform
The company prioritizes high-quality solutions with a user-friendly interface, staying ahead of competitors by catering to diverse customer needs. Applications are developed with client preferences in mind and are regularly upgraded to newer versions
Diverse range of solutions
The company aims to offer a wide range of digital solutions for merchants, banks, and customers to support growth and simplify daily operations. Its diverse product offerings are designed to serve various customer segments and contribute to the digitalization of India
Frequent team trainings
The team stays updated with the latest technologies through regular training to ensure high-quality delivery and adherence to market standards. Developers are well-versed in modern tools and processes, maintaining consistency and excellence
Network People Risks
Key bank agreement
Termination, non-renewal, or unfavorable changes in key agreements with banks for technology services may disrupt operations and negatively impact future financial performance
Employee attrition
The company’s future success depends on retaining promoters, senior IT executives, and skilled professionals. High attrition among key talent may reduce efficiency and impact service demand
Approvals & licenses
The company requires various approvals, licenses, and permits for regular operations and must renew them periodically to ensure continued compliance
IPO FAQs
The promoters of the company are Deepak Chand Thakur, Ashish Aggarwal and Savita Vashist.
The category allocation of qualified institutional buyers is 23.0%, the category allocation of non individual investors or high networth individuals is 42.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 76.0 - 80.0.
The IPO application opens on Jul 28, 2021 and closes on Aug 02, 2021.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 121,600.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Aug 05, 2021.
The refund will be credited to your account on Aug 06, 2021.
The allotted shares will be credited to your demat on Aug 06, 2021.
Network People Services Technologies Ltd.’s shares listed on the stock exchanges on Aug 10, 2021.