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NSB BPO Solutions Ltd. IPO is a book build issue of ₹64.13 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹64.13 crore.
NSB BPO Solutions IPO bidding started from Sep 23, 2025 and ended on Oct 7, 2025. The allotment for NSB BPO Solutions IPO was finalized on Oct 8, 2025. The shares got listed on BSE SME on Oct 10, 2025.
NSB BPO Solutions IPO price band is set at ₹121.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,80,000.00 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹3,63,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Alacrity Securities Ltd..
Refer to NSB BPO Solutions IPO RHP for detailed Information.
| 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 |
| Issue Price Final | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 53,00,000 shares (aggregating up to ₹64.13 Cr) |
| Reserved for Market Maker | 2,65,000 shares Alacrity Securities Ltd. (aggregating up to ₹3.71 Cr) |
| Net Offered to Public | 50,35,000 shares (aggregating up to ₹60.92 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 |
NSB BPO Solutions IPO offers total 53,00,000 shares. Out of which 53,000 (1.00%) allocated to QIB, 24,82,000 (46.83%) allocated to NII 25,00,000 (47.17%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| 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%) |
NSB BPO Solutions IPO opens on September 23, 2025, and closes on October 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 |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,42,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,42,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,63,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,68,000 |
| B-HNI (Min) | 9 | 9,000 | ₹10,89,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
As on August 31, 2025, the company has total 2439 full-time employees.
Competitive Strengths:
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.
| 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 |
| Amount in ₹ Crore | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 | 1.47 |
| Market Capitalization | ₹279.62 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.53 | 5.53 |
| P/E (x) | 18.6 | 25.31 |
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 | 21.88 |
| 2 | Funding Capital expenditure for new project | 13.00 |
| 3 | Additional Working Capital requirements for the existing business | 9.00 |
| 4 | Long-Term Working Capital requirements for the new project | 16.00 |
[Dilip Davda] The company is engaged in providing BPO services specializing in area support services solutions in domestic markets. The company posted inconsistency in its top lines for the reported periods. Its growing bottom lines for the last three fiscals has surprised one and all. Based on its recent financial data, the IPO appears greedily priced. Only well-informed/risk savvy/cash surplus investors may park moderate funds for medium term, in this “High Risk/Low Return” bet. Read detail review...
Note: NSB BPO IPO old price band from 23/09/2025 to 25/09/2025 was Rs.140 to Rs.147.
| Listing Date | October 10, 2025 |
| BSE Script Code | 544571 |
| NSE Symbol | |
| ISIN | INE0SLP01017 |
| Final Issue Price | ₹121 per share |
| BSE Listing Group | MT (Trade to Trade) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹121.45 |
| Low | ₹121.15 |
| High | ₹127.50 |
| Last Trade | ₹121.30 |
NSB BPO Solutions Ltd.
3 rd Floor, Plot No. 13,
Railway Colony, E-8, Arera Colony,
Trilanga, Huzur
Bhopal, Madhya Pradesh, 462039
Phone: +91 755 4500715
Email: ipo@nsbbpo.in
Website: http://www.nsbbpo.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
NSB BPO Solutions IPO is a SME IPO of 53,00,000 equity shares of the face value of ₹10 aggregating up to ₹64.13 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on September 23, 2025, and closes on October 7, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in NSB BPO Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in NSB BPO Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in NSB BPO Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The NSB BPO Solutions IPO opens on September 23, 2025 and closes on October 7, 2025.
NSB BPO Solutions IPO lot size is 1000, and the minimum amount required for application is ₹2,42,000, with 2 lots being the minimum application size.
You can apply in NSB BPO Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for NSB BPO Solutions IPO will be done on Wednesday, October 8, 2025, and the allotted shares will be credited to your demat account by Thursday, October 9, 2025. Check the NSB BPO Solutions IPO allotment status.
The NSB BPO Solutions IPO listing date is on Friday, October 10, 2025.
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