NSB BPO Solutions IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 23 to Oct 07 2025
Price Band
₹121 - 140
Current GMP
₹121.45 (+0.37%)
Subscription
0.76 times
IPO Details
| IPO Date | September 23, 2025 to October 7, 2025 |
| Listing Date | October 10, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹121 to ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 53,00,000 shares (aggregating up to ₹74.20 Cr) |
| Reserved for Market Maker | 2,65,000 shares (aggregating up to ₹3.71 Cr)Alacrity Securities Ltd. |
| Net Offered to Public | 50,35,000 shares (aggregating up to ₹70.49 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,46,72,593 shares |
| Share Holding Post Issue | 1,99,72,593 shares |
IPO Date
September 23, 2025 to October 7, 2025
Listing Date
October 10, 2025
Face Value
₹10 per share
Issue Price Band
₹121 to ₹140 per share
Lot Size
1,000 Shares
Sale Type
Fresh Capital
Total Issue Size
53,00,000 shares (aggregating up to ₹74.20 Cr)
Reserved for Market Maker
2,65,000 shares (aggregating up to ₹3.71 Cr)Alacrity Securities Ltd.
Net Offered to Public
50,35,000 shares (aggregating up to ₹70.49 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
1,46,72,593 shares
Share Holding Post Issue
1,99,72,593 shares
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 25.49 |
| Non-Institutional Buyers*** | 0.79 |
| bNII (bids above ₹10L) | 1.15 |
| sNII (bids below ₹10L) | 0.05 |
| Individual Investors (IND category bidding for 2 Lots) | 0.21 |
| Total ** | 0.76 |
Market Maker
1
QIB (Ex Anchor)
25.49
Non-Institutional Buyers***
0.79
bNII (bids above ₹10L)
1.15
sNII (bids below ₹10L)
0.05
Individual Investors (IND category bidding for 2 Lots)
0.21
Total **
0.76
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 23, 2025 | 0.00 | 0.11 | 0.16 | 0.00 | 0.02 | 0.06 |
| Day 2 Sep 24, 2025 | 0.00 | 0.01 | 0.01 | 0.01 | 0.03 | 0.02 |
| Day 3 Sep 25, 2025 | 0.00 | 0.01 | 0.01 | 0.01 | 0.06 | 0.04 |
| Day 4 Sep 29, 2025 | 0.00 | 0.01 | 0.01 | 0.01 | 0.06 | 0.04 |
| Day 5 Sep 30, 2025 | 0.00 | 0.01 | 0.01 | 0.01 | 0.06 | 0.04 |
| Day 6 Oct 1, 2025 | 0.00 | 0.01 | 0.01 | 0.01 | 0.07 | 0.04 |
| Day 7 Oct 3, 2025 | 0.00 | 0.01 | 0.01 | 0.01 | 0.07 | 0.04 |
| Day 8 Oct 6, 2025 | 7.70 | 0.01 | 0.01 | 0.01 | 0.10 | 0.14 |
| Day 9 Oct 7, 2025 | 25.49 | 0.79 | 1.15 | 0.05 | 0.21 | 0.76 |
DayDay 1
Sep 23, 2025
QIB (Ex Anchor)0.00
NII*0.11
NII (> ₹10L)0.16
NII (< ₹10L)0.00
Individual Investors0.02
Total0.06
DayDay 2
Sep 24, 2025
QIB (Ex Anchor)0.00
NII*0.01
NII (> ₹10L)0.01
NII (< ₹10L)0.01
Individual Investors0.03
Total0.02
DayDay 3
Sep 25, 2025
QIB (Ex Anchor)0.00
NII*0.01
NII (> ₹10L)0.01
NII (< ₹10L)0.01
Individual Investors0.06
Total0.04
DayDay 4
Sep 29, 2025
QIB (Ex Anchor)0.00
NII*0.01
NII (> ₹10L)0.01
NII (< ₹10L)0.01
Individual Investors0.06
Total0.04
DayDay 5
Sep 30, 2025
QIB (Ex Anchor)0.00
NII*0.01
NII (> ₹10L)0.01
NII (< ₹10L)0.01
Individual Investors0.06
Total0.04
DayDay 6
Oct 1, 2025
QIB (Ex Anchor)0.00
NII*0.01
NII (> ₹10L)0.01
NII (< ₹10L)0.01
Individual Investors0.07
Total0.04
DayDay 7
Oct 3, 2025
QIB (Ex Anchor)0.00
NII*0.01
NII (> ₹10L)0.01
NII (< ₹10L)0.01
Individual Investors0.07
Total0.04
DayDay 8
Oct 6, 2025
QIB (Ex Anchor)7.70
NII*0.01
NII (> ₹10L)0.01
NII (< ₹10L)0.01
Individual Investors0.10
Total0.14
DayDay 9
Oct 7, 2025
QIB (Ex Anchor)25.49
NII*0.79
NII (> ₹10L)1.15
NII (< ₹10L)0.05
Individual Investors0.21
Total0.76
IPO Important Dates
| IPO Open Date | Tue, Sep 23, 2025 |
| IPO Close Date | Tue, Oct 7, 2025 |
| Tentative Allotment | Wed, Oct 8, 2025 |
| Initiation of Refunds | Thu, Oct 9, 2025 |
| Credit of Shares to Demat | Thu, Oct 9, 2025 |
| Tentative Listing Date | Fri, Oct 10, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 7, 2025 |
IPO Open Date
Tue, Sep 23, 2025
IPO Close Date
Tue, Oct 7, 2025
Tentative Allotment
Wed, Oct 8, 2025
Initiation of Refunds
Thu, Oct 9, 2025
Credit of Shares to Demat
Thu, Oct 9, 2025
Tentative Listing Date
Fri, Oct 10, 2025
Cut-off time for UPI mandate confirmation
5 PM on Tue, Oct 7, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,80,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 8,000 | ₹11,20,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,000
Amount₹2,80,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,000
Amount₹2,80,000
ApplicationS-HNI (Min)
Lots3
Shares3,000
Amount₹4,20,000
ApplicationS-HNI (Max)
Lots7
Shares7,000
Amount₹9,80,000
ApplicationB-HNI (Min)
Lots8
Shares8,000
Amount₹11,20,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 175.12 | 147.85 | 210.70 |
| Total Income | 138.54 | 128.27 | 285.15 |
| Profit After Tax | 11.05 | 6.73 | 2.21 |
| EBITDA | 18.87 | 12.98 | 12.17 |
| NET Worth | 139.52 | 105.91 | 127.85 |
| Reserves and Surplus | 124.85 | 93.99 | 102.20 |
| Total Borrowing | 23.56 | 27.72 | 41.07 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025175.12
31 Mar 2024147.85
31 Mar 2023210.70
Period EndedTotal Income
31 Mar 2025138.54
31 Mar 2024128.27
31 Mar 2023285.15
Period EndedProfit After Tax
31 Mar 202511.05
31 Mar 20246.73
31 Mar 20232.21
Period EndedEBITDA
31 Mar 202518.87
31 Mar 202412.98
31 Mar 202312.17
Period EndedNET Worth
31 Mar 2025139.52
31 Mar 2024105.91
31 Mar 2023127.85
Period EndedReserves and Surplus
31 Mar 2025124.85
31 Mar 202493.99
31 Mar 2023102.20
Period EndedTotal Borrowing
31 Mar 202523.56
31 Mar 202427.72
31 Mar 202341.07
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| NSB BPO Solutions Limited | 7.53 | 7.53 | 95.09 | 19.52 | 7.92 | |
| 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 Limited | 1.35 | 1.35 | 15.41 | 32.59 | 8.19 | 3.33 |
Company NameNSB BPO Solutions Limited
EPS (Basic)7.53
EPS (Diluted)7.53
NAV (per share) (Rs)95.09
P/E (x)19.52
RoNW (%)7.92
P/BV Ratio
Company NameEclerx Services Ltd.
EPS (Basic)112.07
EPS (Diluted)112.07
NAV (per share) (Rs)484.35
P/E (x)39.70
RoNW (%)23.45
P/BV Ratio9.19
Company NameFirstsource Solutions Ltd.
EPS (Basic)8.42
EPS (Diluted)8.42
NAV (per share) (Rs)58.80
P/E (x)42.93
RoNW (%)14.51
P/BV Ratio6.22
Company NameOne Point One Solutions Limited
EPS (Basic)1.35
EPS (Diluted)1.35
NAV (per share) (Rs)15.41
P/E (x)32.59
RoNW (%)8.19
P/BV Ratio3.33
IPO Reservation
| Market Maker Shares Offered | 2,65,000 (5.00%) |
| QIB Shares Offered | 53,000 (1.00%) |
| NII (HNI) Shares Offered | 24,82,000 (46.83%) |
| − bNII > ₹10L | 16,55,000 (31.23%) |
| − sNII < ₹10L | 8,27,000 (15.60%) |
| Retail Shares Offered | 25,00,000 (47.17%) |
| Total Shares Offered | 53,00,000 (100.00%) |
Market Maker Shares Offered
2,65,000 (5.00%)
QIB Shares Offered
53,000 (1.00%)
NII (HNI) Shares Offered
24,82,000 (46.83%)
− bNII > ₹10L
16,55,000 (31.23%)
− sNII < ₹10L
8,27,000 (15.60%)
Retail Shares Offered
25,00,000 (47.17%)
Total Shares Offered
53,00,000 (100.00%)
Information about company
Incorporated in 2005, NSB BPO Solutions Limited is a Business Process Outsourcing (BPO) company.
The company specializes in support services, including customer care, telesales, tele-collections, document digitization, application processing, KYC form processing, warehousing, archival, and payroll management.
The company serves sectors such as telecommunications, banking, financial services, insurance, e-retail, food delivery, hospitality, government, healthcare, and education.
In addition to BPO services, NSB BPO engages in trading fast-moving consumer goods (FMCG) and staples like dal, sugar, rice, dry fruits, fruits, and vegetables, leveraging its extensive network for procurement and B2B sales.
Services:
Voice Business Call Centre: The company offers cost-effective voice-based call center services, including inbound and outbound processes. It handles customer queries, grievances, marketing calls, payment reminders, and feedback collection through efficient systems and experienced staff.
Back Office Outsourcing: The company offers back-office outsourcing services, including document management, customer onboarding, warehousing, archival, digital support, and social media management, providing cost-effective solutions for businesses of all sizes.
Payroll Management: The company offers end-to-end payroll management, including recruitment, onboarding, attendance, leave management, compliance, reporting, and staff support, while also providing training, insurance, and addressing attrition concerns.
Trading of Goods (FMCG goods): The company trades in FMCG and staple products, sourcing goods based on customer orders. It uses in-house software for efficient procurement and delivery, leveraging tele-sales for order booking and timely supply.
As on August 31, 2025, the company has total 2439 full-time employees.
Competitive Strengths:
Quality Service
Experienced promoter and senior management team
Client Satisfaction and Relationship
Diversified customer base and revenue sources
Objectives of IPO
The Company NSB BPO Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Re-payment/pre-payment, in full or in part, of certain borrowings availed by the Company
25.82
2
Funding Capital expenditure for new project
13.38
3
Additional Working Capital requirements for the existing business
9.02
4
Long-Term Working Capital requirements for the new project
20.00
5
General Corporate Purposes
Disclaimer
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