About the Company:
Network People Services Technologies Ltd 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.
Company is equipped to provide end-to-end services related to payment platforms including mobile banking solutions and are currently rendering services to Canara Bank, Syndicate Bank, Kerala Gramin Bank, Karnataka Gramin Bank, IBM India Private Limited and Cosmos Co-operative Bank.
Company is currently managing more than 50 lakh transactions per day.
Company is also engaged in rendering software service 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, Company has developed a digital ecosystem for the cashless economy through flagship application named and styled as TimePay®.
What is TimePay®:
TimePay® smart society provides a comprehensive solution towards management of various societies including housing societies, commercial and industrial complexes where activities are managed by individuals, managing committees, or various service providers which involves multiple activities and thereby creates a digital network for various stakeholders.
TimePay® society module provides single platform for managing needs including society relations, vendor relations, accounting, security, user merchants and local market.
TimePay® digital platform is a robust payment solution for every segment in merchant ecosystem providing new age payment avenues like UPI, QR based payments, Mandate solution, scheduled payments and collections under UPI along with traditional models.
“Serve Seva Kendra – A consumer service mall”.
Company also provides various services and products under one roof through physical centers, doorstep service and web / mobile based solution through a project named “Serve Seva Kendra – A consumer service mall”.
Company is authorized agent under NPCI for delivering Bharat Bill Payment Services (BBPS) in the form of strategic alliance with TJSB Bank.
Company’s Business is divided in to three verticals:
IT Software and Service – Banking and Payments.
It is a B2B model where company acts as a technology service provider and deliver end–to–end technology solutions in digital payments, smart transaction solutions, development, customization, maintenance & support to our clients in banking & finance sector.
Digital Merchant – Acquisition & Payment Service Provider.
This is a B2C model where company digitize offline merchants &housing societies by providing digital payment solution and business services through our TimePay® application platform. Company’s platform is empowered by inbuilt merchant Payment Solution Provider (PSP) application.
Service Aggregation.
This is the model where we create a network of citizen service centre to provide multiple services under one roof by providing a single platform to large, medium and small service providers and delivering services at citizen’s doorstep through mobile and kiosk-based solution.
B2B Business Vertical:
B2C Business Vertical:
Management Team:
- Mr. Deepak Chand Thakur (Designation: Chairman & Managing Director)
- Mr. Ashish Aggarwal (Designation: Joint Managing Director)
Objectives 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.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Development of TimePay® | 2.01 |
| Acquiring IT hardware and equipment’s | 3.27 |
| Marketing and promotion of TimePay® | 3.70 |
The details of the fresh issue are set out below:
Project – Development and marketing of TIMEPAY® application.
Company is presently 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.
Company is equipped to provide end-to-end services related to payment platforms including mobile banking solutions.
With a mission to create the largest network of technology enabled merchants / users as a part of its expansion strategy and to boost revenues, Company has initiated to developed a digital ecosystem for the cashless economy through our flagship application name and styled as TimePay®.
The application will offer a range of services including smart society, digital payments, digital merchant, etc.
All the activities related to the development and marketing of this product are executed at the registered and corporate office of the company.
Company plans that the development of the TimePay application shall be done in the following manner:
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 |
|---|---|---|---|
| Revenue | 18.00 | 15.24 | 15.38 |
| Net Profit | 1.34 | 1.04 | 1.05 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 28th July 2021 |
| Issue Closes on:. | 2nd August 2021 |
| Issue Price | Rs.76 – 80 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 |
| Minimum Investment | Rs.1,28,000 |
| Issue Constitutes | 26.49% |
| Issue Size | Rs.13.69 cr |
| Market Cap | Rs.51.6 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 17,12,000 |
| Equity Shares Prior to Issue | 47,50,000 |
| Equity Shares after the Issue | 64,62,000 |
Also Read : List of Upcoming IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 5th August 2021 |
| Initiation of Refunds | on or Before 6th August 2021 |
| Credit of Equity Shares: | on or Before 6th August 2021 |
| Listing Date: | on or Before 10th August 2021 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 2.35 | 34.04 | 15.81% | 14.89 |
| Check IPO Allotment Status: |
|---|
Link InTime: https://linkintime.co.in/PublicIssue/BSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| Network People Services Technologies Limited 306, 3rd Floor, Lodha Supremus II, Road No. 22, Wagle Estate, Thane (West), MH 400604 IN Tel: +91–9810497261 Email: ashish.aggarwal@npstx.com Website: www.npstx.com |
| IPO Registrar Info: |
|---|
| 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 Email: network.ipo@linkintime.co.in Website: www.linkintime.co.in |
