NSB BPO Solutions
September 23, 2025 – September 25, 2025
| Price | ₹140 - ₹147 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1000 |
| Allotment | Sep 26, 2025 |
| Listing | Sep 30, 2025 |
NSB BPO Solutions Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2000 | 294000 | 1250 |
| sHNI | 3 | 3000 | 441000 | 276 |
| bHNI | 7 | 7000 | 1029000 | 552 |
NSB BPO Solutions Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 53000 | 1% |
| HNI | 2482000 | 46.83% |
| INDIVIDUAL | 2500000 | 47.17% |
| Market Maker | 265000 | 5% |
| Total | 5300000 | 100% |
NSB BPO Solutions About
NSB BPO Solutions IPO Details
| Issue Size | 5,300,000 shares (aggregating up to ₹77.91 Cr) |
| Fresh Issue Size | 5,300,000 shares (aggregating up to ₹77.91 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 14,672,593 shares |
| Share Holding Post Issue | 19,972,593 shares |
| Reserved for Market Maker | 265,000 shares (aggregating up to ₹3.90 Cr) |
| Market Maker | Alacrity Securities Ltd. |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 7.92% | 6.36% | 1.73% |
| ROCE | 9.42% | 5.04% | 1.31% |
| RONW | 7.92% | 6.36% | 1.73% |
| EPS (basic) | 7.53 | 5.65 | 2.57 |
| P/E Pre IPO | 25.27 | ||
| P/E Post IPO | 34.4 |
Company Financials In Crores
| Period | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Assets | 175.12 | 147.85 | 210.70 |
| Income | 138.54 | 128.27 | 285.15 |
| Profit | 8.54 | 4.78 | 2.21 |
| EBITDA | 18.87 | 12.98 | 8.14 |
| Net Worth | 135.06 | 103.95 | 78.58 |
| Reserves | 124.85 | 93.99 | 102.20 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| NSB BPO Solutions Ltd | 19.52 | - | 10 |
| Eclerx Services Ltd | 39.7 | 4449.4 | 10 |
| Firstsource Solutions Ltd | 42.93 | 361.45 | 10 |
| One Point One Solutions Limited | 32.59 | 44 | 2 |
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| NSB BPO Solutions Ltd | 108.87 | 7.92% | 7.53 |
| Eclerx Services Ltd | 484.35 | 23.45% | 112.07 |
| Firstsource Solutions Ltd | 58.8 | 14.51% | 8.42 |
| One Point One Solutions Limited | 15.41 | 8.19% | 1.35 |
Company Overview
Incorporated: 2005
Nature of Business: Business Process Outsourcing (BPO) with diversified services across customer care, telesales, collections, document digitization, payroll, warehousing, archival, and KYC processing.
Sector Coverage: Telecom, BFSI, insurance, e-retail, food delivery, hospitality, government, healthcare, education.
Additional Business: Trading of FMCG & staples (dal, sugar, rice, dry fruits, fruits, vegetables) through B2B procurement & in-house software
Services Portfolio:
Voice Call Centre: Inbound/outbound calls, grievance handling, marketing, payment reminders, feedback.
Back-Office Outsourcing: Document management, onboarding, warehousing, digital/social media support.
Payroll Management: Recruitment, onboarding, compliance, training, insurance, attrition management.
FMCG Trading: Order-based sourcing & supply using tele-sales & delivery network.
Employees (as of Aug 31, 2025): 2,439 full-time staff.
NSB BPO Solutions IPO Objectives
The Company NSB BPO Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
Re-payment/pre-payment, in full or in part, of certain borrowings availed by the Company: ₹ 25.82 Crores.
Funding Capital expenditure for new project: ₹ 13.38 Crores.
Additional Working Capital requirements for the existing business: ₹ 9.02 Crores.
Long-Term Working Capital requirements for the new project: ₹ 20.00 Crores.
General Corporate Purposes.
Strength
Quality & Cost-Effective Service Delivery – Proven expertise across both voice and back-office outsourcing.
Experienced Promoters & Management Team – Strong industry know-how to scale business operations.
Client Retention & Satisfaction – Long-term relationships and repeat business across diverse sectors.
Weakness
Legal Proceedings & Litigations – Pending cases involving company, promoters, and directors may result in liabilities and reputational impact.
Execution Risk in Expansion Plans – Delay or failure in setting up new call centre facility could affect growth trajectory.
Financial Dependency on Borrowings – Need to repay/prepay secured borrowings; inability may strain liquidity and operations.
NSB BPO Solutions Lead Manager(s)
NSB BPO Solutions Address
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/