Bookbuilding IPO | ₹64 Cr | Listed at BSE SME | Tue, Sep 23, 2025 - Tue, Oct 7, 2025
NSB BPO Solutions 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 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 (2,000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 23, 2025
IPO Close
Tue, Oct 7, 2025
Issue Price
₹121 per share
Market Cap (Pre-IPO)
₹279.62 Cr
| IPO Date | 23 Sep to 7 Oct, 2025 |
| Listed on | Fri, Oct 10, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹140 |
| Issue Price | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 53,00,000 shares (agg. up to ₹64 Cr) |
| Reserved for Market Maker | 2,65,000 shares Alacrity Securities Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 50,35,000 shares (agg. up to ₹61 Cr) |
| Net Offered to Public | 50,35,000 shares (agg. up to ₹61 Cr) |
| Share Holding Pre Issue | 1,46,72,593 shares |
| Share Holding Post Issue | 1,99,72,593 shares |
| BSE Script Code | 544571 |
| ISIN | INE0SLP01017 |
NSB BPO Solutions IPO comprises a total issue size of 53,00,000 shares. The net offer to the public is 50,35,000 shares, after excluding 2,65,000 shares allotted on a firm basis. Of the Net offer 53,000 (1.05%) are allocated to QIB, 24,82,000 (49.29%) allocated to NII 25,00,000 (49.65%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 53,000 | 1.05% | 1.00% |
| NII (HNI) Shares Offered | 24,82,000 | 49.29% | 46.83% |
| − bNII > ₹10L | 16,55,000 | 31.23% | |
| − sNII < ₹10L | 8,27,000 | 15.60% | |
| Retail Shares Offered | 25,00,000 | 49.65% | 47.17% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,65,000 | 5.00% | |
| Total Shares Offered | 53,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| 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 |
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 | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.53 | 5.53 |
| P/E (x) | 18.6 | 25.31 |
| Promoter Holding | 45.78% | 33.63% |
| Market Cap | ₹279.62 Cr. |
The NSB BPO Solutions IPO is subscribed 0.76 times on October 7, 2025 5:04:35 PM (Day 9). The public issue subscribed 0.21 times in the individual investors category, 25.49 times in the QIB category, and 0.79 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 25.49 | 53,000 | 13,51,000 | 0 |
| NII* | 0.79 | 24,82,000 | 19,54,000 | 0 |
| bNII (bids above ₹10L) | 1.15 | 16,55,000 | 19,09,000 | |
| sNII (bids below ₹10L) | 0.05 | 8,27,000 | 45,000 | |
| Individual Investor | 0.21 | 25,00,000 | 5,14,000 | 0 |
| Total | 0.76 | 50,35,000 | 38,19,000 | 297 |
Total Application : 297
*Market Maker portion is not included to NII/HNI.
Note: NSB BPO IPO old price band from 23/09/2025 to 25/09/2025 was Rs.140 to Rs.147.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees (including underwriting, brokerage and selling commission), auditors and other consultants / professionals etc.. | 3.38 |
| 2 | Commission / processing fee for SCSBs, Sponsor Bank and Bankers to the Issue. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs. | 0.25 |
| 3 | Fees payable to the Registrar to the Offer | 0.03 |
| 4 | Advertising and marketing expenses | 0.25 |
| 5 | Printing and stationery expenses, distribution, and postage | 0.04 |
| 6 | Miscellaneous (out-of-pocket expenses Travelling etc. related to IPO) | |
| 7 | Regulatory and Stock Exchange expenses and other regulatory expenses | 0.30 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹121.45 |
| Low | ₹121.15 |
| High | ₹127.50 |
| Last Trade | ₹121.30 |
Lead Manager Reports
NSB BPO Solutions IPO is a SME IPO of 53,00,000 equity shares of the face value of ₹10 aggregating up to ₹64 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Sep 23, 2025, and closes on Tue, Oct 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 Tue, Sep 23, 2025 and closes on Tue, Oct 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 Thu, Oct 9, 2025. Check the NSB BPO Solutions IPO allotment status.
The NSB BPO Solutions IPO listing date is on Fri, Oct 10, 2025.
