NPST (IPO) Date Price Band, Listing, Review, GMP, Allotment Status, Size Listing, Subscription Details

NPST (IPO) Date Price Band, Listing, Review, GMP, Allotment Status, Size Listing, Subscription Details

Network People Services Technologies (NPST) IPO is ready to come among all of us. The Initial Public Offer is ready to come on July 28, 2021. The company plans to raise Rs 13.70 crores through this listing. It is a Software and mobility solution to the banking and finance sector. Here you can read all the details about this IPO and we will explore each and every piece of information including Issue Size, IPO Date, Review, Price Band and other related points.

The company Network People Services Technologies has incorporated in 2013 in Thane, India. The company is known for its software and mobility solutions to the banking and finance sectors. These services include software design, consulting, development and manpower provisioning services.

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They have a wide range of clients that also include big firm names like Canara Bank, Syndicate Bank, Kerala Gramin Bank, Karnataka Gramin Bank, IBM India Private Limited, and Cosmos Co-operative Bank.

NPST (IPO) Review

IPO Opening: 28 July 2021 IPO Closing: 02 August 2021 IPO Size: Approx ₹13.70 Crore Face Value: ₹10 Per Equity Share Price Band: ₹76 to ₹80 Per Share Listing on: NSE SME Retail Portion: 50% Equity: 17,12,000 Equity Shares

NPST IPO price has been disclosed officially and on the basis of details, the Price Band is available from Rs 76 to Rs 80 per share along with a face value of Rs 10 each.

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The Listing of this IPO will take place on National Stock Exchange (NSE) and Small & Medium Enterprises (SME).

Minimum Lot Size: Minimum 1600 Shares Minimum Amount: ₹128,000 Minimum Lot Size: Maximum 1600 Shares Minimum Amount: ₹128,000

The minimum lot s available is 1600 shares. Every investor who is interested to buy the IPO has to buy 1600 shares that will cost around Rs 1,28,000 Equity Shares. There will be 17,12,000 equity shares available. Along with it, the company has announced that the 50 percent portion is already reserved for the retail investor.

NPST (IPO) Allotment Status

Later this week the Subscription details will come here on this website where you can read the information that how much investor shows the interest in this Initial Public Offer. We will give you a brief detail about everyday subscriptions regarding this IPO.

NPST’s TimePay gets nod for third-party UPI app

Mumbai: Thane-based banking technology provider Network People Services Technology (NPST), which is seeking to list in the NSE Emerge segment, has received a third-party application provider (TPAP) registration from the National Payments Corporation of India ( NPCI ) for its TimePay solution. The company aims to use this registration to acquire merchants and cooperative housing societies by providing them with an application stack that includes invoicing, payment collections and accounting solutions.TPAPs are third-party providers like Google Pay, Amazon Pay or PhonePe that generate a distinct UPI handle for their customers. Speaking to TOI, Deepak Thakur, chairman & MD and promoter of the company, said that unlike these payment giants who are focused on acquiring retail users through a standardised payment app, TimePay would harness the power of UPI to acquire merchants and cooperative housing societies in smaller cities and customise the app for them by building an enterprise resource programme for their ecosystems.NPST, which started in 2013, has been helping banks that are not the frontrunners in the digital space to compete by offering digital products around a payment switch. This enables the company to facilitate banks to provide IMPS (Immediate Payment Service), UPI (Unified Payments Interface) and the full stack of mobile banking services either as a licence or using the software-as-a-service model. Besides rural banks in Karnataka and Kerala, the bank provides digital tech support for Canara Bank and Cosmos Cooperative Bank. Now with the TPAP in place the company aims to offer digital services to its partner bank’s current account customers as well as acquire merchants directly.According to Thakur, the company’s competitive edge in merchant and cooperative society acquisition is its ability to provide multiple solutions including ones for accounting, invoicing and sending collection requests. The registration as a TPAP will enable the company to incorporate a unique QR code for every bill so that customers can pay by scanning. This will give small cooperative housing societies the billing capability of large utilities. TimePay will allow billers to give a short-term credit facility to their creditors through the equivalent of a standing instruction that debits the creditors account on a specified day.“Wherever there is a current account we should be able to digitise it and create a revenue model and generate income for banks. We already have an order book from Cosmos Bank to digitise the current account of their 130 branches across the country”, said Thakur. He added that the company will be looking to exploit other features of UPI including pre-paid vouchers that will be launched soon.Through the prospective IPO , the company is looking to raise around Rs 13 crore, which will take the valuation of the company to over Rs 50 crore. According to Thakur, although the company plans to expand operations to 25 non-metro cities, the operational cost is not going to scale up as the services will be provided online.

NPCI Approves NPST’s TimePay For Third-Party UPI App

Banking technology provider Network People Services Technology (NPST) has availed a registration for the third-party application provider (TPAP) from the National Payments Corporation of India (NPCI) for its TimePay solution.

TPAPs are third-party providers that roll out a distinct Unified Payments Interface (UPI) handle for their customers.

NPST aims to put the recently received registration to use by picking cooperative housing societies and merchants in lieu of giving them an application stack that will consist of accounting solutions, invoicing and also payment collections.

These merchants and societies will be particularly targeted from smaller cities and the application will be specifically customized for them by building an enterprise resource program for their ecosystems.

Moreover, this registration will also allow the NPST to integrate a unique QR code for each bill that the customers can pay through scanning. Accordingly, the smaller cooperative housing societies will have a billing capability of large utilities.

“Wherever there is a current account we should be able to digitise it and create a revenue model and generate income for banks. We already have an order book from Cosmos Bank to digitise the current account of their 130 branches across the country,” NPST Chairman and MD Deepak Thakur was quoted in a report by the Times of India.

The company is also looking to raise around Rs 13 crore through its planned initial public offering (IPO), which will further boost its valuation to more than 50 crore and possibly assist it in expanding its operations to about 25 additional non-metro cities.