Niyogin Fintech shines as its arm signs five-year contract with Central Bank of India
Niyogin Fintech is currently trading at Rs. 59.44, up by 2.80 points or 4.94% from its previous closing of Rs. 56.64 on the BSE.
The scrip opened at Rs. 59.30 and has touched a high and low of Rs. 60.89 and Rs. 58.00 respectively. So far 94172 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.00 on 28-Nov-2024 and a 52 week low of Rs. 39.83 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 60.89 and Rs. 53.35 respectively. The current market cap of the company is Rs. 661.17 crore.
The promoters holding in the company stood at 37.72%, while Institutions and Non-Institutions held 21.18% and 41.10% respectively.
Niyogin Fintech’s material unlisted subsidiary -- Iserveu Technology (Iserveu) has signed a five-year contract with Central Bank of India for powering the bank's merchant acquiring operations across India. This includes the deployment and management of UPI-enabled sound boxes, alongside delivering an advanced technology stack comprising a merchant app, a robust soundbox platform, and a comprehensive back-office portal with full-scale merchant support.
Broad commercial consideration or size of the order is $10 million and is to be executed within 5 years.
Niyogin Fintech is engaged in to the business of providing financial services to small businesses, in the form of credit, working capital and innovative solutions to their business problems.
