NSB BPO Solutions was incorporated on April 25, 2005. The company provides Business Process Outsourcing (BPO) services specialising in customer care, tele-sales, collections, digitization, payroll management, and other support solutions. With skilled professionals and modern practices, it delivers efficient, accurate, and end-to-end business solutions
| Bidding Dates |
|---|
| 23 Sep 2025 - 07 Oct 2025 |
| Subscription |
|---|
| 0.77x Undersubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,42,000 | 2 | 2 | 1000 | 5.3 M | ₹121 - ₹140 | 33.63 % | ₹641.3 M - ₹742.0 M | RHP DOC |
NSB BPO Solutions IPO SUBSCRIPTION STATUS
07 Oct '25NSB BPO Solutions IPO overall subscription rate was 0.77 times the total available shares
NSB BPO Solutions IPO retail subscription rate was 0.2 times in the retail segment
NSB BPO Solutions IPO non-institutional investor subscription rate was 0.85 times in the non-institutional investor category
NSB BPO Solutions IPO Qualified Institutional Bidder subscription rate was 24.28 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 49.65% | 49.29% | 1.05% |
07 Oct 2025 (Day 10) | 0.2x | 0.85x | 24.28x |
06 Oct 2025 (Day 9) | 0.1x | 0.11x | 7.33x |
03 Oct 2025 (Day 8) | 0.07x | 0.11x | 0x |
01 Oct 2025 (Day 7) | 0.07x | 0.11x | 0x |
30 Sep 2025 (Day 6) | 0.06x | 0.11x | 0x |
29 Sep 2025 (Day 5) | 0.06x | 0.11x | 0x |
26 Sep 2025 (Day 4) | 0.06x | 0.11x | 0x |
25 Sep 2025 (Day 3) | 0.05x | 0.11x | 0x |
24 Sep 2025 (Day 2) | 0.03x | 0.11x | 0x |
23 Sep 2025 (Day 1) | 0.02x | 0.1x | 0x |
NSB BPO Solutions FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 138.1 | 8.5 | -6.7 | -15.8 | 13.6% |
| FY24 | 128.0 | 4.8 | 8.6 | 5.0 | 10.1% |
| FY23 | 284.9 | 2.2 | 28.4 | 12.4 | 4.3% |
NSB BPO Solutions IPO SUBSCRIPTION STATUS DETAILS
NSB BPO Solutions had 5.3 M shares on offer
NSB BPO Solutions IPO offer price was in the range ₹121 - ₹140
NSB BPO Solutions IPO minimum Investment was ₹242000
NSB BPO Solutions IPO issue size was ₹ 641.3 M - ₹ 742.0 M
NSB BPO Solutions had a minimum lot size of 1000 Shares per application
NSB BPO Solutions NUMBER OF SHARES ON OFFER
NSB BPO Solutions IPO IMPORTANT DATES
| Issue Open Date | 23 Sep 2025 |
| Issue close Date | 07 Oct 2025 |
| Allotment Date | 08 Oct 2025 |
| Refund Date | 09 Oct 2025 |
| Demat Account Credit Date | 09 Oct 2025 |
| Listing Date | 10 Oct 2025 |
| Listing on Exchange(s) | BSE |
| NSB BPO Solutions Allotment Status | Exchange/ Registrar |
NSB BPO Solutions IPO subscription opened on 23 Sep 2025, and closed on 07 Oct 2025
IPO allotment for NSB BPO Solutions was finalized on Wednesday, 08 Oct 2025
IPO listing for NSB BPO Solutions was on BSE on Friday, 10 Oct 2025
NSB BPO Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 147.0 |
| Listing Open Price | 121.5 |
| Listing Close Price | 121.3 |
| Listing Gain% | -17.4% |
| Current Gain% | -53.9% |
NSB BPO Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NSB BPO Solutions Ltd. | 67.8 | 135.4 | 10.6 | 0.7 | 0.8 | 6 | 5.5 | 160.6 | 15.9 | 12.8 | 15.9 | 6.4 | 15.9 |
| Firstsource Solutions Ltd. | 279.8 | 19518.1 | 29.1 | 4.3 | 1.9 | 15.4 | 7.2 | 9563.8 | 19.9 | 674.4 | 13.5 | 9.6 | 6.8 |
| eClerx Services Ltd. | 1769.1 | 16638.5 | 22.8 | 0.8 | 3.8 | 27.6 | 19.1 | 4218.2 | 22.2 | 706.2 | 30.5 | 77.5 | 27.5 |
| Quess Corp Ltd. | 311 | 4645.8 | 18.4 | 0.2 | 0.3 | 19 | 7.3 | 15321.7 | 2.2 | 221.6 | 383.9 | 16.9 | 96.9 |
| Hinduja Global Solutions Ltd. | 428.4 | 1992.9 | -45.9 | 0.7 | 0.5 | 0.4 | 0.3 | 4857 | -2.1 | 32.2 | -73.5 | -9.3 | -62.7 |
| One Point One Solutions Ltd. | 60.3 | 1587.5 | 33.3 | 0.8 | 5.1 | 8.6 | 4.6 | 331 | 22.5 | 38.3 | 15.4 | 1.8 | 43.9 |
NSB BPO Solutions INFORMATION ON IPO ISSUE
About NSB BPO Solutions
NSB BPO Solutions was incorporated on April 25, 2005. The company provides Business Process Outsourcing (BPO) services specialising in customer care, tele-sales, collections, digitization, payroll management, and other support solutions. With skilled professionals and modern practices, it delivers efficient, accurate, and end-to-end business solutions
Object of the Issue
- Re-payment/pre-payment, in full or in part, of certain borrowings availed by the company
- Funding capital expenditure for new projects
- Additional working capital requirements for the existing business
- Long-term working capital requirements for new projecta
- General corporate purposes
NSB BPO Solutions - PROMOTERS
| Name |
|---|
| Narendra Singh Bapna |
NSB BPO Solutions - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Narendra Singh Bapna | Chairman & Non-Executive Director |
| Vikrant Singhal | Managing Director |
| Rajiv Kumar Puri | Whole Time Director |
| Rahul Kalra | Non-Executive & Independent Director |
| Manisha Agrawal | Non-Executive & Independent Director |
| Pranay Patel | Non-Executive & Independent Director |
NSB BPO Solutions Book Running Lead Manager
Inventure Merchant Banker Services Private Limited
sme.ipo@inventuremerchantbanker.com
NSB BPO Solutions Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
NSB BPO Solutions Strengths
Quality service
The company emphasises timely, high-quality service through stringent standards that minimise errors and delays. With nearly 20 years of consistent service, it has built strong goodwill, driving customer retention, repeat orders, and expansion of its customer base
Diversified customer base
The company serves diverse industries, including BFSI, Insurance, Education, Travel & Hospitality, Healthcare, Government, Food & Beverages, Retail, E-Commerce, and Logistics. By catering to startups, mid-scale firms, and large enterprises with services like back-office processing, call centres, and payroll management, it has established a strong growth track record
Client relationship
The company has built a strong reputation that has enabled it to retain reputable customers through consistent focus on back-office processing, call centre, and payroll management services. Long-standing customer relationships drive repeat business, enhance satisfaction, and provide a competitive edge in acquiring new clients and expanding operations
NSB BPO Solutions Risks
Dependent on technology
The company’s operations are highly dependent on technology, and any disruption may affect business activities. Its technological capabilities are crucial for managing operations, controls, client service, and back-office processing
Insurance risks
The company’s insurance may not fully cover all risks, leaving exposure to losses from theft, fire, natural disasters, or other hazards. Existing policies have limits, exclusions, and may not provide adequate or continued coverage
Competition
The company faces intense competition for skilled professionals and high employee turnover in the manpower-intensive BPO industry. Difficulty in attracting, training, and retaining qualified staff could adversely affect operations
IPO FAQs
The promoter of the company is Narendra Singh Bapna.
The category allocation of qualified institutional buyers is 1.0%, the category allocation of non individual investors or high networth individuals is 49.3% and for retail investors it is 49.6%.
The price band of the IPO is Rs 121.0 - 140.0.
The IPO application opens on Sep 23, 2025 and closes on Oct 07, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 242,000.0, the maximum value for this IPO is Rs 280,000.0.
This IPO will be allotted on Oct 08, 2025.
The refund will be credited to your account on Oct 09, 2025.
The allotted shares will be credited to your demat on Oct 09, 2025.
NSB BPO Solutions Ltd.’s shares listed on the stock exchanges on Oct 10, 2025.