NSB BPO Solutions' IPO concluded with 76% subscription, and its shares, priced at ₹121, listed with a flat entry on BSE SME. After an initial surge, the share price rose to ₹122.20. The company will utilize the funds raised from the IPO to reduce debt, invest in new projects, and meet working capital requirements.
IPO Listing: NSB BPO Solutions shares listed today on BSE SME. Under the IPO, 53 lakh new shares were issued at a price of ₹121, which were only 76% subscribed. The shares debuted at ₹121.45 and quickly rose to ₹122.20. The company will use the ₹74.20 crore raised from the IPO to reduce debt, invest in new projects, meet the working capital needs of the existing business, and for general corporate purposes. The company was established in 2005 and sells FMCG products and food items in addition to BPO services.
IPO Response and Subscription
NSB BPO Solutions' ₹74.20 crore IPO was open for subscription from September 23 to October 7. The IPO did not receive an exceptional response from investors, with an overall subscription of only 76%. The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 25.49 times, while the Non-Institutional Investors' portion was subscribed 0.79 times, and the Retail Investors' portion was subscribed only 0.21 times. A total of 53 lakh new shares with a face value of ₹10 were issued in this offering.
Utilization of Funds Raised from IPO
The company will use the funds raised from this IPO for several purposes. Of these, ₹25.82 crore will be used for debt repayment, ₹13.38 crore for capital expenditure on new projects, ₹9.02 crore for the working capital needs of the existing business, ₹20.00 crore for long-term working capital for new projects, and the remaining amount will be spent on general corporate purposes.
About NSB BPO Solutions
NSB BPO Solutions was established in the year 2005. This company sells FMCG products, pulses, sugar, rice, dry fruits, fruits, and vegetables, in addition to BPO services. The company provides services such as customer care, telesales, tele-collections, document digitization, application processing, KYC form processing, warehousing, archiving, and payroll management.
The company serves sectors such as telecom, banking, financial services, insurance, e-retail, food delivery, hospitality, government, healthcare, and education. In addition to BPO services, the sale of its FMCG and grocery products also contributes to the company's revenue.
Financial Position
NSB BPO Solutions' financial performance has been consistently improving. The company's net profit was ₹2.21 crore in FY2023. This increased to ₹6.73 crore in FY2024 and reached ₹11.05 crore in FY2025.
The company's total income saw some fluctuations. It was ₹285.15 crore in FY2023, decreased to ₹128.27 crore in FY2024, but then slightly increased to ₹138.54 crore in FY2025.
The company's debt also decreased. At the end of FY2023, debt was ₹41.07 crore, which came down to ₹27.72 crore in FY2024 and ₹23.56 crore in FY2025. Similarly, reserves and surplus were ₹102.20 crore in FY2023, ₹93.99 crore in FY2024, and increased to ₹124.85 crore in FY2025.
Impact of Share Listing
The share listing after the IPO provided a modest gain to investors. Although the IPO response was low, the initial slight increase in the share price offered a satisfactory return to investors. Investors can now gradually monitor this stock and formulate future strategies, considering the company's financial position and business expansion.
This IPO listing of NSB BPO Solutions demonstrates that the company's sound financial position and expanded business model are attracting investors, even if the initial response was slightly below expected levels.
