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Abram Food IPO vs Happy Square Outsourcing IPO

Comparison between Abram Food IPO and Happy Square Outsourcing IPO.

IPO Details

Abram Food IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Happy Square Outsourcing IPO is a SME Bookbuilding proposed to list at NSE SME.

 Abram Food IPOHappy Square Outsourcing IPO
LogoAbram Food IPO LogoHappy Square Outsourcing IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersCorporate Makers Capital Ltd.Corpwis Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Abram Food IPO is up to ₹13.29 Cr whereas the issue size of the Happy Square Outsourcing IPO is up to ₹22.06 Cr. The final issue price of Abram Food IPO is ₹98.00 per share and of Happy Square Outsourcing IPO is ₹76.00 per share.

 Abram Food IPOHappy Square Outsourcing IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹72.00 per share
Issue Price (Upper)₹76.00 per share
Issue Price (Final)₹98.00 per share₹76.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size13,56,000 shares29,02,400 shares
Fresh Issue Size (Amount)up to ₹13.29 Crup to ₹22.06 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total13,56,000 shares29,02,400 shares
Issue Size Total (Amount)up to ₹13.29 Crup to ₹22.06 Cr

IPO Timetable

Abram Food IPO opens on Jun 24, 2025, while Happy Square Outsourcing IPO opens on Jul 03, 2025. The closing date of Abram Food IPO and Happy Square Outsourcing IPO is Jun 26, 2025, and Jul 07, 2025, respectively.

 Abram Food IPOHappy Square Outsourcing IPO
Anchor Bid DateJul 02, 2025
Issue OpenJun 24, 2025Jul 03, 2025
Issue CloseJun 26, 2025Jul 07, 2025
Basis Of Allotment (Tentative)Jun 27, 2025Jul 08, 2025
Initiation of Refunds (Tentative)Jun 30, 2025Jul 09, 2025
Credit of Share (Tentative)Jun 30, 2025Jul 09, 2025
Listing date (Tentative)Jul 01, 2025Jul 10, 2025
Anchor Lockin End date 1Aug 07, 2025
Anchor Lockin End date 2Oct 06, 2025

Financials & KPIs

Abram Food IPO P/E ratio is 11.22, as compared to Happy Square Outsourcing IPO P/E ratio of 10.83.

 Abram Food IPOHappy Square Outsourcing IPO
Financials

Abram Food Limited Financial Information (Restated)

Abram Food Limited's revenue increased by 77% and profit after tax (PAT) rose by 220% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets17.0910.627.73
Total Income64.0936.1433.16
Profit After Tax3.261.020.48
EBITDA5.071.961.03
Net Worth8.434.153.13
Reserves and Surplus4.701.262.89
Total Borrowing7.136.014.39
Amount in ₹ Crore

Happy Square Outsourcing Services Limited Financial Information (Restated)

Happy Square Outsourcing Services Limited's revenue increased by 40% and profit after tax (PAT) rose by 34% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets39.6428.3814.32
Total Income97.6869.5452.80
Profit After Tax5.904.391.79
EBITDA9.456.642.85
Net Worth12.486.572.14
Reserves and Surplus12.476.522.13
Total Borrowing14.5910.986.57
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.1484.00
Promoter Shareholding (Post-Issue)67.3360.89
P/E Ratio11.2210.83
Market Cap₹50.51 Cr.₹88.16 Cr.
ROE38.62%61.97%
ROCE56.02%57.75%
Debt/Equity0.851.17
EPS₹8.74₹7.02
RoNW38.62%61.97%

Shares Offered

In the Abram Food IPO Retail Individual Investors (RII) are offered 6,78,000 shares while in Happy Square Outsourcing IPO retail investors are offered 6,78,000 shares. Qualified Institutional Buyers (QIB) are offered in Abram Food IPO and 5,79,200 shares in Happy Square Outsourcing IPO.

 Abram Food IPOHappy Square Outsourcing IPO
Anchor Investor Reserveration8,68,800 shares
Market Maker Reserveration72,000 shares2,88,000 shares
QIB5,79,200 shares
NII6,78,000 shares4,36,800 shares
RII6,78,000 shares10,17,600 shares
Employee0 shares
Others
Total13,56,000 shares29,02,400 shares

Bids Received (Subscription)

Abram Food IPO subscribed 28.49x in total, whereas Happy Square Outsourcing IPO subscribed 3.58x.

 Abram Food IPOHappy Square Outsourcing IPO
QIB (times)7.16x
NII (times)40.92x2.24x
Big NII (times)
Small NII (times)
RII (times)16.05x2.12x
Employee (times)
Other (times)
Total (times)28.49x3.58x