Network People Services IPO Details

Network People Services IPONetwork People Services Technologies IPO description – The 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. The company currently renders its services to Canara Bank, Syndicate Bank, Kerala Gramin Bank, Karnataka Gramin Bank, IBM India Private Limited and Cosmos Co-operative Bank. The company is also engaged in designing, consulting, development, quality and manpower provisioning under software SDLC.

Network People Services Technologies has developed a digital ecosystem for the cashless economy through its flagship application named “TimePay”. The company is also registered as Third-Party Application Provider (TPAP) facilitating UPI payment services through TimePay. Under this mobile application, it has created a digital ecosystem to include society management and merchant digitization, providing digital technology to large, medium and micro setups to transact and operate seamlessly in financial value chain.

Promoters of Network People Services Technologies – Deepak Chand Thakur, Ashish Aggarwal and Savita Vashist
Network People Services IPO details
Subscription Dates 28 July – 2 August 2021
Price Band INR76 – 80 per share
Fresh issue 1,712,000 shares (INR13.01 – 13.70 crore)
Offer For Sale Nil
Total IPO size 1,712,000 shares (INR13.01 – 13.70 crore)
Minimum bid (lot size) 1,600 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Network People Services' financial performance (in INR lakhs)

FY2019 FY2020 FY2021
Revenue 1,800.14 1,524.72 1,538.00
Expenses 1,613.19 1,382.93 1,396.45
Net income 134.79 104.05 105.93
Net margin (%) 7.5 6.8 6.9

Registrar of Network People IPO

Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]

Valuation of Network People IPO (FY2021)

Earnings Per Share (EPS): INR2.35
Price/Earnings (PE ratio): 32.34 – 34.04
Return on Net Worth (RONW): 15.81%
Net Asset Value (NAV): INR14.89 per share

Network People IPO Subscription Details


Subscription (no. of times)

Day 1


Day 2


Day 3


Day 4



Network People Contact Details

Network People Services Technologies Limited
C-113, 3rd Floor, Sector 2,
New Metro Station, Sector-15,
Noida, Uttar Pradesh-201301
Phone: +91 9810497261
Email: [email protected]

Network People IPO Allotment Status

Network People Services Technologies’ IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

Listing Performance of Network People Services Technologies

IPO Opening Date: 28 July 2021
IPO Closing Date: 2 August 2021
Finalisation of Basis of Allotment: 5 August 2021
Initiation of refunds:
6 August 2021
Transfer of shares to demat accounts:
6 August 2021
Listing Date
: 10 August 2021
Opening Price on NSE SME: INR83.95 per share (up 4.94% from IPO price)
Closing Price on NSE SME: INR79.90 per share (down 0.12% from IPO price)


Please enter your comment!
Please enter your name here

Brokerage-free IPO Investing


*** Get Free Demat Account ***

Free Equity Delivery

Low charges for FnO, Currency, Intraday