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NSB BPO Solutions IPO
Price Band
₹121.0–140.0
Issue Size
₹64.13 Cr
Lot Size
1,000 shares
Min Investment
₹242,000
2 LOTS MIN
GMP
—
Issue Price
₹121.0
NSB BPO Solutions IPO AI Summary
- NSB BPO Solutions IPO is listed on BSE SME in the Business Process Outsourcing (BPO)/Knowledge Process Outsourcing (KPO) sector.
- Price band: ₹121.0–₹140.0 per share, lot size 1,000 shares (min. investment ₹242,000, 2 lots minimum).
- Subscription window: 23 Sep–07 Oct 2025, listing on 10 Oct 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
NSB BPO Solutions IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 07 Oct 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
NSB BPO Solutions IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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: Voice Business Call Centre: The company offers cost-effective voice-based call center services, including inbound and outbound processes. It handles customer queries, grievances, marketing calls, payment reminders, and feedback collection through efficient systems and experienced staff. Back Office Outsourcing: The company offers back-office outsourcing services, including document management, customer onboarding, warehousing, archival, digital support, and social media management, providing cost-effective solutions for businesses of all sizes. Payroll Management: The company offers end-to-end payroll management, including recruitment, onboarding, attendance, leave management, compliance, reporting, and staff support, while also providing training, insurance, and addressing attrition concerns. Trading of Goods (FMCG goods): The company trades in FMCG and staple products, sourcing goods based on customer orders. It uses in-house software for efficient procurement and delivery, leveraging tele-sales for order booking and timely supply. As on August 31, 2025, the company has total 2439 full-time employees. Competitive Strengths: Quality Service Experienced promoter and senior management team Client Satisfaction and Relationship Diversified customer base and revenue sources
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹7.53
NAV
₹95.09
ROE
7.92%
ROCE
9.42%
RoNW
7.92%
P/B Value
1.47
P/E Ratio
18.6
Market Cap
₹279.62 Cr
PAT Margin
7.98%
Debt/Equity
0.17
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| One Point One Solutions Limited | 15.41 | 8.19% | 32.59 | 1.35 | 1.35 |
| Firstsource Solutions Ltd. | 58.8 | 14.51% | 42.93 | 8.42 | 8.42 |
| Eclerx Services Ltd. | 484.35 | 23.45% | 39.7 | 112.07 | 112.07 |
| NSB BPO Solutions Limited This IPO | 95.09 | 7.92% | 19.52 | 7.53 | 7.53 |
Promoters
Narendra Singh Bapna
Objects of the Issue
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 5 Issue Expenses 4.25 Total 64.13
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹285.15 Cr in 31 Mar 2023, decreasing to ₹128.27 Cr by 31 Mar 2024, and rising to ₹138.54 Cr in 31 Mar 2025. This shows a decline in revenue from the previous year, followed by a modest recovery in the most recent period.
Profit Trend
Profit After Tax was ₹2.21 Cr in 31 Mar 2023, increasing to ₹6.73 Cr by 31 Mar 2024, and further rising to ₹11.05 Cr in 31 Mar 2025. This indicates a positive growth trend in profitability over the periods analyzed.
Valuation
NSB BPO Solutions has an implied P/E of 19.52 at the issue price, compared to peers trading at a P/E range of 32.59 to 42.93.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) is the price at which shares are traded in this unofficial market, indicating the expected listing price. A positive GMP suggests strong demand for the shares, while a negative GMP indicates weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to significant price fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on September 23, 2025, and closes on October 7, 2025. Allotment of shares will be done on October 8, 2025, and the shares are expected to be listed on the stock exchange on October 10, 2025.
Listing Gains — The Risk
Listing gains refer to the profit made by selling shares on the listing day at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from NSB BPO Solutions's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of NSB BPO Solutions IPO?
The price band of NSB BPO Solutions IPO is ₹121.0–₹140.0 per share.
When does NSB BPO Solutions IPO open and close?
NSB BPO Solutions IPO opens on 23 September 2025 and closes on 07 October 2025.
When does NSB BPO Solutions IPO list on the stock exchange?
NSB BPO Solutions IPO listed on 10 October 2025 at ₹140.0.
What is the lot size for NSB BPO Solutions IPO?
The lot size for NSB BPO Solutions IPO is 1000 shares, requiring a minimum investment of ₹242,000 (2 lots).
What is the price band for the NSB BPO Solutions IPO?
The price band for the NSB BPO Solutions IPO is ₹121.0 to ₹140.0.
What is the minimum investment required?
The minimum investment required is ₹242,000, which corresponds to a lot size of 1000 shares.
When does the IPO open and close?
The IPO opens on September 23, 2025, and closes on October 7, 2025.
When will the shares be listed?
The shares are expected to be listed on October 10, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Sep 2025
Close
07 Oct 2025
Allotment
08 Oct 2025
Listing
10 Oct 2025
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