Excitation functions were measured by stacked-foil activation technique for the $^{150}$Nd(p, xpyn) reaction using 97.65$%$ enriched $^{150}$Nd target. Measurement up to $sim$50$%$ above barrier and down to 18$%$ below the barrier was performed using proton beam energy (E$_p$) of 7 - 15 MeV from VECC Cyclotron. The yield of suitable $gamma$ rays emitted following the decay of relevant evaporation residues was determined using a 50$%$ High Purity Germanium (HPGe) detector.(p,n) cross section was found to follow the expected trend with a maximum value of 63.7(4.9)mb at E$_p$ $sim$ 8.6 MeV. (p,2n) cross section gradually increased with E$_p$ and had maximum contribution to the total reaction cross section after E$_p$ $sim$ 9.0 MeV. (p, p$^{prime}$n) reaction channel also showed a reasonable yield with a threshold of E$_p$ $sim$ 12.0 MeV. The experimental data were corroborated with statistical model calculations using different codes, viz., CASCADE, ALICE/91 and EMPIRE3.1. All the calculations using a suitable set of global parameters could reproduce the excitation function fairly well in the present energy range.
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