NSB BPO Solutions Limited IPO

Apply 0
Avoid 0

Don't Miss It! Mark Your Calender Now:


NSB BPO Solutions Limited company is headquartered in Bhopal, Madhya Pradesh, with a corporate office in Noida, Uttar Pradesh. With nearly 21 years of experience, NSB BPO is a recognized player in the Business Process Outsourcing (BPO) sector.

Business Operations

The company is engaged in providing end-to-end BPO and support services solutions, which include:

1. Customer care and helpdesk call centres
2. Tele-sales and tele-collections
3. Digitization of documents, application processing, and KYC compliance
4. Payroll management
5. Warehousing and archival services

Alongside, the company is also engaged in FMCG and staples trading, dealing in pulses, sugar, rice, dry fruits, fruits, and vegetables. Leveraging its widespread presence across India, NSB BPO sources products economically and supplies them to retailers through B2B sales.

Technology & Workforce

The company integrates advanced technologies such as Artificial Intelligence, Speech Analytics, and Data Analytics to deliver high-quality solutions. Regular employee training, upskilling programs, and certifications help ensure alignment with the latest industry standards.

Industry Coverage

NSB BPO serves a diverse client base across sectors, includes Telecom, BFSI, E-Retail and E-commerce, Insurance, Food Delivery & Hospitality, Healthcare & Education and State and Central Government organizations

The company provides both voice and non-voice services, as well as back-office support, catering to startups, mid-sized firms, and large corporates.

Competitive Strengths

i) Quality Service: Consistently delivering timely, accurate, and efficient services, ensuring customer satisfaction and retention.
ii) Experienced Leadership: Backed by promoters and senior management with decades of expertise in BPO and allied industries.
iii) Client Relationships: Strong, long-term customer relationships resulting in repeat business and sustained growth.
iv) Diversified Client Base: Serves multiple sectors across BFSI, insurance, education, healthcare, government, retail, e-commerce, travel, and logistics.

Objects of the NSB BPO Solutions Limited IPO:

Company proposes to utilize the Net Proceeds towards funding the following objects: 1. Re-payment/pre-payment of certain borrowings availed (₹25.82 cr) 2. Capital expenditure for new project (₹13.37 cr) 3. Working Capital requirements for our existing business (₹9.01 cr) 4. Long-Term Working Capital requirements for new project (₹20 cr) 5. General Corporate Purposes

NSB BPO Solutions Limited IPO Details:

Open Date: Sep 23 2025
Close Date: Sep 25 2025
Total Shares: 53,00,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 77.91 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 140-147 Per Equity Share
Listing At: BSE SME
Listing Date: Sep 30 2025

Promoters And Management:

1. Narendra Singh Bapna, aged 57, is the Promoter and Non-Executive Director of the Company. A Bachelor of Commerce graduate from Bhopal University and a Chartered Accountant (ICAI, May 1992), he has over 21 years of experience in managing NSB BPO Solutions Ltd., which provides back-office services to telecom, banking, and financial institutions, along with trading in grocery items and vegetables. In 2014, he founded On Door Concepts Limited (Ondoor), a leading retail chain in Madhya Pradesh, and successfully guided it through its SME IPO. 2. Vikrant Singhal, aged 51, is an Executive Director of the Company. A Chartered Accountant and Associate member since February 1999, he has more than 20 years of experience in finance and business operations. Serving on the Board since April 29, 2005, he is responsible for managing the Company’s finance and business operations. 3. Rajiv Kumar Puri, aged 61, is a Whole-Time Director of the Company. He holds a Diploma in Mechanical Engineering from the Madhya Pradesh Board of Technical Education, Bhopal, and brings over 25 years of experience in IT and related services. A member of the Board since April 29, 2005, he currently oversees the technology department operations of the Company.

Financials of NSB BPO Solutions Limited IPO:

Particulars FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations 138.53 128.26 285.16
EBITDA 18.86 12.97 12.16
EBITDA Margins 13.62% 10.12% 4.27%
PAT 11.04 6.73 2.2
PAT Margins 7.98% 5.25% 0.77%
ROCE 9.42% 5.04% 1.31%
Debt to Equity Ratio(In Times) 0.16 0.26 0.32
Operating Cash Flows -6.72 8.58 28.42

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
NSB BPO Solutions Ltd 138.53 13.62% 7.98% 9.42% 0.16 293.59 26.59
Eclerx Services Ltd 3366 24% 16.00% 28.00% 0.16 21,630 37.9
Firstsource Solutions Ltd 7980 16% 7.44% 15.40% 0.63 26468 42.6
One Point One Solutions Limited 256 24% 12.00% 15.20% 0.12 1200 34.3

Lead Manager of NSB BPO Solutions Limited IPO:

  1. Inventure Merchant Banker Services Private Limited

Registrar of NSB BPO Solutions Limited IPO:

  1. Bigshare Services Private Limited

Discussion on NSB BPO Solutions Limited IPO:

Leave a Reply