NSB BPO Solutions Limited
Bookbuilding IPO · BSE
- Price band
- ₹121 - ₹140
- Lot size
- 1,000 shares
- Issue amount
- ₹74.2 cr
- Total subscription
- 0.81×
- Opens
- 23 Sept 2025
- Closes
- 7 Oct 2025
- Allotment
- 8 Oct 2025
- Listing
- 10 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 53,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,21,000
- Fresh issue
- ₹74.2 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,40,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,46,72,593
- Shares after issue
- 1,99,72,593
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,80,000 |
| sHNI | 3 | 3,000 | ₹4,20,000 |
| bHNI | 8 | 8,000 | ₹11,20,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 7 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,250 | 257 |
| HNIs(10L +) | 552 | 16 |
| HNIs (2-10L) | 276 | 12 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0.74 | 18.91 |
| FIIs | 0 | 10.18 |
| Others | 0 | 8.74 |
| RETAIL | 35 | 7.2 |
| HNIs 2+ | 11.58 | 0.63 |
| HNIs 10+ | 23.17 | 30.44 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 7.53 | 5.65 | 2.57 |
| ROE | 7.92 | 6.36 | 1.73 |
| ROCE | 9.42 | 5.04 | 1.31 |
| RONW | 7.92 | 6.36 | 1.73 |
| PRE IPO(PE) | 25.27 | 0 | 0 |
| POST IPO(PE) | 34.4 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| NSB BPO Solutions Ltd | NA | NA | 10 | 108.87 | 7.92 | 7.53 |
| Eclerx Services Ltd | 39.7 | 4449.4 | 10 | 484.35 | 23.45 | 112.07 |
| Firstsource Solutions Ltd | 42.93 | 361.45 | 10 | 58.8 | 14.51 | 8.42 |
| One Point One Solutions Limited | 32.59 | 44 | 2 | 15.41 | 8.19 | 1.35 |
Company information
Company profile
NSB BPO Solutions Limited, incorporated in 2005, is a Business Process Outsourcing (BPO) company that provides a wide range of support services such as customer care, telesales, tele-collections, document digitization, application processing, KYC form processing, warehousing, archival, and payroll management. The company caters to diverse sectors including telecommunications, banking, financial services, insurance, e-retail, food delivery, hospitality, government, healthcare, and education. Along with its core BPO operations, NSB BPO is also engaged in trading fast-moving consumer goods (FMCG) and staples such as dal, sugar, rice, dry fruits, fruits, and vegetables, utilizing its extensive network for procurement and B2B sales. Its service portfolio covers multiple areas, including cost-effective voice-based call center operations for inbound and outbound processes like customer queries, grievances, marketing calls, payment reminders, and feedback collection. The company also provides back-office outsourcing services, encompassing document management, customer onboarding, warehousing, archival, digital support, and social media management. In addition, it offers comprehensive payroll management services that include recruitment, onboarding, attendance, leave management, compliance, reporting, and staff support, while also handling training, insurance, and attrition management. Through its FMCG trading vertical, NSB BPO sources products as per customer orders, using in-house software for procurement and delivery, and leveraging telesales for booking and timely supply. As of August 31, 2025, the company employs a total of 2,439 full-time staff members.
Strengths
- Efficient & Affordable Service Delivery – Strong track record in voice and back-office outsourcing.
- Experienced Leadership & Management – Promoters bring deep industry expertise for scalable growth.
- Strong Client Relationships – High retention and repeat business across multiple sectors.
Risk factors
- Ongoing Legal Liabilities – Pending litigations involving the company, promoters, and directors may lead to financial and reputational risks.
- Expansion & Execution Challenges – Delays or setbacks in establishing new call center facilities could slow down growth momentum.
- High Borrowing Dependence – Reliance on secured borrowings creates repayment obligations; any default may impact liquidity and operations.
Promoters
Narendra Singh Bapna
Registrar & documents
Lead manager
Inventure Merchant Banker Services Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
3 rd Floor, Plot No. 13, Railway Colony, E-8, Arera Colony, Trilanga, Huzur Bhopal, Madhya Pradesh, 462039
+91 755 4500715
[email protected]Company website ↗Understanding NSBBPO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.