NSB BPO Solutions IPO - AstroIPO

NSB BPO Solutions IPO


October 1, 2025 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

NSB BPO Solutions Ltd., a player in the business support sector, is heading to the primary market with its upcoming issue. The NSB BPO Solutions IPO will open between September 23 and October 7, 2025, offering 53,00,000 shares in the price range of ₹140 – ₹147.

With an overall issue size of ₹77.91 crore, investors can apply with a minimum lot of 2000 shares, translating to ₹2,94,000 at the cut-off price. The NSB BPO Solutions IPO, having a face value of ₹10 per share, will be listed on BSE.

NSB BPO Solutions IPO Details

The key details of NSB BPO Solutions’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.

IPO Size ₹77.91 Cr
Price Range ₹140 - ₹147
Retail Quota 50%
QIB Quota --
NII Quota 50%
Employee Discount --
Listing at BSE
Minimum Quantity 2000
Investment (cut-off price) ₹2,94,000
Pre IPO Promotor Holding 45.78%
Post IPO Promotor Holding 33.63%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

NSB BPO Solutions IPO Timelines

The IPO process for NSB BPO Solutions includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.

23/09/2025
Start Date
07/10/2025
End Date
08/10/2025
Allotment Date View Status
09/10/2025
Refund Initiation
09/10/2025
Credit of Shares to Demat Ac
10/10/2025
Listing Date

NSB BPO Solutions IPO Lot Size

The NSB BPO Solutions IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹147 per share. For retail investors, the minimum and maximum application is 2,000 shares (2 lots) amounting to ₹2,94,000. For Small HNI (S-HNI) investors, the minimum application is 3,000 shares (3 lots) worth ₹4,41,000, while the maximum is 6,000 shares (6 lots) amounting to ₹8,82,000. Big HNI (B-HNI) investors need to apply for at least 7,000 shares (7 lots), totaling ₹10,29,000.

Application Lot Size Shares Amount
Retail Minimum 2 2000 ₹2,94,000
Retail Maximum 2 2000 ₹2,94,000
S-HNI Minimum 3 3000 ₹4,41,000
S-HNI Maximum 6 6000 ₹8,82,000
B-HNI Minimum 7 7000 ₹10,29,000

NSB BPO Solutions IPO Subscription Status

The subscription status for NSB BPO Solutions IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.

QIB NII Retail EMP Total
0.00x 0.01x 0.07x -- 0.04x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low

NSB BPO Solutions IPO Company Financials

NSB BPO Solutions reports robust performance in FY2025 with Total Income of ₹138.54 crores, managing expenses at ₹119.67 crores, and achieving a strong PAT (Profit After Tax) of ₹8.54 crores, demonstrating significant growth potential ahead of its public offering.

Year Total Income Total Expense PAT
FY 2023 ₹285.15 ₹272.98 ₹2.21
FY 2024 ₹128.27 ₹115.29 ₹4.78
FY 2025 ₹138.54 ₹119.67 ₹8.54

About Company

Incorporated in 2005, NSB BPO Solutions Limited is a Business Process Outsourcing company that provides a wide range of support services including customer care, telesales, tele-collections, document digitization, application processing, KYC form processing, warehousing, archival, and payroll management. The company serves various sectors such as telecommunications, banking, financial services, insurance, e-retail, food delivery, hospitality, government, healthcare, and education. Its service portfolio includes voice-based call center operations for both inbound and outbound processes, addressing customer queries, conducting marketing calls, collecting feedback, and managing payment reminders through experienced teams and efficient systems.

In addition to its core BPO operations, NSB BPO Solutions is also involved in the trading of fast-moving consumer goods and staple items such as dal, sugar, rice, dry fruits, fruits, and vegetables. The company uses its own software and tele-sales network for efficient procurement and B2B order fulfillment. It also offers comprehensive back-office outsourcing and payroll management services that cover recruitment, onboarding, compliance, training, insurance, and staff retention support. As of August 31, 2025, the company employs a total of 2439 full-time staff across its operations.

Incorporation Date Sector Managing Director
2005 Business Support Vikrant Singhal

Know Before Investing

When evaluating NSB BPO Solutions's IPO potential, understanding both its market advantages and inherent risks becomes crucial for your investment. Below are the key insights you should consider.

NSB BPO Solutions IPO Strengths

  • Provides a comprehensive suite of support services including customer care, tele-sales, tele-collections, document digitization, KYC processing, warehousing, archival, and payroll management across multiple sectors.
  • Serves clients across various industries such as Telecom, BFSI, Insurance, E-retail, Healthcare, Government, Education, and Food Delivery, reducing dependency on any single sector.
  • Holds contracts with key government projects like UIDAI, National Consumer Helpline, and Kisan Helpline, positioning it well in government-driven digital initiatives.
  • Focuses on high client satisfaction and long-term contracts, which fosters repeat business and stability.
  • Positioned to benefit from India’s growing digital ecosystem and increasing outsourcing trends driven by programs like Digital India and Atmanirbhar Bharat.

NSB BPO Solutions IPO Risks

  • The company has reported negative cash flow from operations in recent fiscal years, which indicates potential liquidity constraints and cash management challenges.
  • The company’s financing agreements include covenants that may restrict operational flexibility; failure to comply could adversely affect its business and financial health.
  • A significant portion of revenue comes from government and PSU contracts, which can be subject to delays, cancellations, or changes in government policy.
  • Business results may vary year to year and may be unpredictable, contributing to volatility in the stock price post-listing.
  • Dependence on promoters and key management personnel means their departure or inability to perform could disrupt operations and growth.
  • The BPO space is competitive with many players offering similar services, which may pressure pricing and profitability.

Swot Analysis for NSB BPO Solutions IPO

Understanding NSB BPO Solutions's SWOT analysis is your first step towards making a confident investment decision. Let's evaluate its core strengths and potential challenges ahead.

Strengths

Wide Industry Presence, Emphasis on Talent Development, Scalable Infrastructure

Weaknesses

Geographic Concentration in India, Working Capital Intensive, Limited Technology Differentiation

Opportunities

Growth in Domestic Outsourcing, Expansion to Global Delivery, Sectoral Diversification

Threats

Intense Price Competition, Client Dependency Risk, Technological Disruption

Company Details

NSB BPO Solutions Ltd.

3rd Floor, Plot No. 13, Railway Colony, E-8, Arera Colony, Trilanga, Bhopal, Huzur, Madhya Pradesh, India 462039

Phone: +91 755 4500715

Email: ipo@nsbbpo.in

Website: http://www.nsbbpo.com/

IPO Registar Details

Bigshare Services Pvt. Ltd.

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/IPO_Status.html

FAQs

The key objectives of NSB BPO Solutions SME IPO are:

  • Re-payment/pre-payment, in full or in part, of certain borrowings availed by the Company
  • Funding Capital expenditure for new project
  • Additional Working Capital requirements for the existing business
  • Long-Term Working Capital requirements for the new project
  • General Corporate Purposes

Inventure Merchant Banker Services Pvt. Ltd. is the book-running lead managers for the NSB BPO Solutions IPO.

NSB BPO Solutions IPO shows steady growth potential with FY25 annualized revenue of ₹138.12 crore and net income of ₹8.54 crore supported by EBITDA of ₹17.66 crore. A diverse client base and technology driven efficiency provide expansion opportunities though execution and competitive pressures remain key risks.

The issue price for the NSB BPO Solutions IPO is set between ₹140 to ₹147 per share.

To invest in two lot of NSB BPO Solutions IPO, you need ₹1,80,000 at the lower price band (₹140 per share) or ₹2,94,000 at the upper price band (₹147 per share) for a lot size of 2000 shares.

NSB BPO Solutions IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on October 10, 2025.

Refund/unblocking of funds for NSB BPO Solutions IPO will begin on October 9, 2025. ASBA/UPI blocks will be removed within 1 working day.

You can sell shares your NSB BPO Solutions IPO shares on listing day (October 10, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.

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