Comparison between NSB BPO Solutions IPO and Spinaroo Commercial IPO.
NSB BPO Solutions IPO is a SME Fixed Price IPO proposed to list at BSE SME while Spinaroo Commercial IPO is a SME Fixed Price proposed to list at BSE SME.
| NSB BPO Solutions IPO | Spinaroo Commercial IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Inventure Merchant Banker Services Pvt.Ltd. | Finshore Management Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Alacrity Securities Ltd. | Black Fox Financial Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of NSB BPO Solutions IPO is up to ₹60.92 Cr whereas the issue size of the Spinaroo Commercial IPO is up to ₹9.66 Cr. The final issue price of NSB BPO Solutions IPO is ₹121.00 per share and of Spinaroo Commercial IPO is ₹51.00 per share.
| NSB BPO Solutions IPO | Spinaroo Commercial IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹121.00 per share | |
| Issue Price (Upper) | ₹140.00 per share | |
| Issue Price (Final) | ₹121.00 per share | ₹51.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 2000 shares |
| Fresh Issue Size | 50,35,000 shares | 18,94,000 shares |
| Fresh Issue Size (Amount) | up to ₹60.92 Cr | up to ₹9.66 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 50,35,000 shares | 18,94,000 shares |
| Issue Size Total (Amount) | up to ₹60.92 Cr | up to ₹9.66 Cr |
NSB BPO Solutions IPO opens on Sep 23, 2025, while Spinaroo Commercial IPO opens on Mar 28, 2025. The closing date of NSB BPO Solutions IPO and Spinaroo Commercial IPO is Oct 07, 2025, and Apr 03, 2025, respectively.
| NSB BPO Solutions IPO | Spinaroo Commercial IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 23, 2025 | Mar 28, 2025 |
| Issue Close | Oct 07, 2025 | Apr 03, 2025 |
| Basis Of Allotment (Tentative) | Oct 08, 2025 | Apr 04, 2025 |
| Initiation of Refunds (Tentative) | Oct 09, 2025 | Apr 07, 2025 |
| Credit of Share (Tentative) | Oct 09, 2025 | Apr 07, 2025 |
| Listing date (Tentative) | Oct 10, 2025 | Apr 08, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
NSB BPO Solutions IPO P/E ratio is 18.6, as compared to Spinaroo Commercial IPO P/E ratio of 18.21.
| NSB BPO Solutions IPO | Spinaroo Commercial IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)NSB BPO Solutions Ltd.'s revenue increased by 8% and profit after tax (PAT) rose by 64% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Standalone)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 45.78 | 66.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 33.63 | 47.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 18.6 | 18.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹279.62 Cr. | ₹35.67 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 7.92 | 23.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 9.42 | 37.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.17 | 1.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.53 | ₹2.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 7.92 | 23.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the NSB BPO Solutions IPO Retail Individual Investors (RII) are offered 25,00,000 shares while in Spinaroo Commercial IPO retail investors are offered 25,00,000 shares. Qualified Institutional Buyers (QIB) are offered 53,000 shares in NSB BPO Solutions IPO and 0 shares in Spinaroo Commercial IPO.
| NSB BPO Solutions IPO | Spinaroo Commercial IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 2,65,000 shares | 1,00,000 shares |
| QIB | 53,000 shares | 0 shares |
| NII | 24,82,000 shares | 9,46,000 shares |
| RII | 25,00,000 shares | 9,48,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 50,35,000 shares | 18,94,000 shares |
NSB BPO Solutions IPO subscribed 0.76x in total, whereas Spinaroo Commercial IPO subscribed 1.52x.
| NSB BPO Solutions IPO | Spinaroo Commercial IPO | |
|---|---|---|
| QIB (times) | 25.49x | |
| NII (times) | 0.79x | 1.84x |
| Big NII (times) | 1.15x | |
| Small NII (times) | 0.05x | |
| RII (times) | 0.21x | 1.20x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 0.76x | 1.52x |
