Network People Services Technologies Ltd - IPO

Network People Services Technologies Ltd IPO Details

Initial Public Issue of upto 17,12,000* equity shares of face value of Rs. 10/- each (Equity shares) of Network People Services Technologies Limited (Company or Issuer) for cash at a price of Rs. 80 per equity share (Including a share premium of Rs. 70 per Equity share), aggregating Rs. 13.70 Crores (The issue), of which 86,400 equity shares of face value Rs. 10/- each for cash at a price of Rs. 80 per Equity share, aggregating Rs. 0.69 Crores will be reserved for subscription by the market maker to the issue (The Market Maker Reservation Portion). The issue less market maker reservation portion i.e. net issue of 16,25,600 equity shares of face value of Rs. 10/- Each for cash at a price of Rs. 80 per equity share, aggregating Rs. 13.01 Crores is hereinafter referred to as the Net issue. The issue and the Net issue will constitute 26.49 % and 25.16 % respectively of the fully diluted post issue paid up equity share capital of the company.The Face Value of Equity Shares is Rs. 10 Each. The Price is Rs.80 pr share and is the 8 times of the face value.

Objective of issue

Development of TimePay. Acquiring IT Hardware & Equipments. Marketing & Promotion of TimePay. General Corporate Purposes.

Network People Services Technologies Ltd Contact Details

Network People Services Technologies Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@npstx.com

Website - www.npstx.com