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NSB BPO Solutions IPO

₹1,40,000/1,000 shares

Minimum Investment

IPO Details

Open Date

23 Sep 25

Close Date

25 Sep 25

Minimum Investment

1,40,000

Lot Size

1,000

Price Range

140 to ₹147

Listing Exchange

BSE

Issue Size

77.91 Cr

Listing Date

30 Sep 25

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NSB BPO Solutions IPO Timeline

Bidding Start

23 Sep 25

Bidding Ends

25 Sep 25

Allotment Finalisation

26 Sep 25

Refund Initiation

29 Sep 25

Demat Transfer

29 Sep 25

Listing

30 Sep 25

NSB BPO Solutions Limited

Incorporated in 2005, NSB BPO Solutions Limited is a Business Process Outsourcing (BPO) company providing comprehensive support services, including customer care, telesales, tele-collections, document digitization, application and KYC processing, warehousing, archival, and payroll management. Serving sectors such as telecom, banking, insurance, e-retail, hospitality, government, healthcare, and education, the company also trades FMCG and staple goods like dal, sugar, rice, dry fruits, fruits, and vegetables. Its services include cost-effective voice call centres, back-office outsourcing, payroll management, and efficient FMCG trading through in-house software and tele-sales.

NSB BPO Solutions IPO Overview

NSB BPO Solutions IPO is a book building issue of ₹77.91 crores, comprising entirely a fresh issue of 0.53 crore shares. The IPO opens for subscription on 23 September 2025 and closes on 25 September 2025, with allotment expected on 26 September 2025. It is scheduled to list on BSE SME on 30 September 2025. The price band is ₹140 to ₹147 per share, with a lot size of 1,000 shares. Retail investors need a minimum investment of ₹2,94,000, while HNI investors must apply for at least 3 lots worth ₹4,41,000. Inventure Merchant Banker Services Pvt. Ltd. is the lead manager, Bigshare Services Pvt. Ltd. is the registrar, and Alacrity Securities Ltd. is the market maker.

NSB BPO Solutions IPO Details

Particulars Details
IPO Date 23 September 2025 to 25 September 2025
Listing Date 30 September 2025
Face Value ₹10 per share
Issue Price Band ₹140 to ₹147 per share
Lot Size 1,000 shares
Total Issue Size 53,00,000 shares (aggregating up to ₹77.91 Cr)
Fresh Issue 53,00,000 shares (aggregating up to ₹77.91 Cr)
Offer for Sale NA
Issue Type Bookbuilding IPO
Listing At BSE SME
Shareholding Pre Issue 1,46,72,593 shares
Shareholding Post Issue 1,99,72,593 shares
Market Maker Portion 2,65,000 shares

NSB BPO Solutions IPO Reservation

Investor Category Shares Offered
Market Maker 2,65,000 (5.00%)
QIB 53,000 (1.00%)
NII (HNI) 24,82,000 (46.83%)
Retail 25,00,000 (47.17%)
Total 53,00,000 (100%)

NSB BPO Solutions IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 2,000 ₹2,94,000
Retail (Max) 2 2,000 ₹2,94,000
S-HNI (Min) 3 3,000 ₹4,41,000
S-HNI (Max) 6 6,000 ₹8,82,000
B-HNI (Min) 7 7,000 ₹10,29,000

NSB BPO Solutions IPO Promoter Holding

Shareholding Status Percentage
Pre-Issue 45.78%
Post-Issue 33.63%

NSB BPO Solutions IPO Valuation Overview

KPI Value
EPS (Post IPO) 4.27
P/E Ratio 34.4
ROE 7.92%
ROCE 9.42%
Debt/Equity 0.17
RoNW 7.92%
PAT Margin 7.98%
EBITDA Margin 13.62%
Price to Book Value 1.65

Objects of the Proceeds

  • Repayment/pre-payment of borrowings: ₹25.82 Cr
  • Funding capital expenditure for new project: ₹13.38 Cr
  • Additional working capital for existing business: ₹9.02 Cr
  • Long-term working capital for new project: ₹20.00 Cr
  • General corporate purposes

Key Financials (in ₹ Crore)

Particulars 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 175.12 147.85 210.70
Revenue 138.54 128.27 285.15
Profit After Tax 8.54 4.78 2.21
Reserves and Surplus 124.85 93.99 102.20
Total Borrowings 23.56 27.72 41.07

SWOT Analysis of NSB BPO Solutions IPO

Strength and Opportunities

  • Strong client relationships with Fortune 500 and government clients
  • Diversified revenue streams across multiple industries and services
  • Experienced management team driving operational efficiency and quality
  • Increasing demand for outsourcing services supports long-term growth

Risks and Threats

  • Highly competitive BPO sector may limit growth potential
  • Dependence on key clients could affect stability if lost
  • Margin pressures due to rising operational costs and wages
  • Regulatory changes could impact BPO operations and compliance

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About NSB BPO Solutions Limited

NSB BPO Solutions IPO Strengths

  • Extensive BPO expertise with over 18 years of operational experience
  • Strong client base across BFSI, telecom, government, and e-retail sectors
  • Diversified revenue from voice, back-office, payroll, and FMCG trading
  • Experienced promoter and management team ensuring quality service delivery
  • Robust financial growth: 8% revenue and 79% PAT increase in FY25

Peer Comparison

Company Name EPS (Basic) EPS (Diluted) NAV (per share) P/E (x) RoNW (%) P/BV Ratio
NSB BPO Solutions Limited 7.53 7.53 95.09 19.52 7.92
Peer Group
Eclerx Services Ltd. 112.07 112.07 484.35 39.70 23.45 9.19
Firstsource Solutions Ltd. 8.42 8.42 58.80 42.93 14.51 6.22
One Point One Solutions Ltd. 1.35 1.35 15.41 32.59 8.19 3.33

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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