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Badri Cotsyn IPO vs Happy Square Outsourcing IPO

Comparison between Badri Cotsyn IPO and Happy Square Outsourcing IPO.

IPO Details

Badri Cotsyn IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Happy Square Outsourcing IPO is a SME Bookbuilding proposed to list at NSE SME.

 Badri Cotsyn IPOHappy Square Outsourcing IPO
LogoBadri Cotsyn IPO LogoHappy Square Outsourcing IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Corpwis Advisors Pvt.Ltd.
RegistrarIntegrated Registry Management Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Badri Cotsyn IPO is up to ₹0.00 Cr whereas the issue size of the Happy Square Outsourcing IPO is up to ₹22.06 Cr. The final issue price of Badri Cotsyn IPO is and of Happy Square Outsourcing IPO is ₹76.00 per share.

 Badri Cotsyn 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)₹76.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares
Fresh Issue Size57,00,000 shares29,02,400 shares
Fresh Issue Size (Amount)up to ₹0.00 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 Total57,00,000 shares29,02,400 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹22.06 Cr

IPO Timetable

Badri Cotsyn IPO opens on , while Happy Square Outsourcing IPO opens on Jul 03, 2025. The closing date of Badri Cotsyn IPO and Happy Square Outsourcing IPO is , and Jul 07, 2025, respectively.

 Badri Cotsyn IPOHappy Square Outsourcing IPO
Anchor Bid DateJul 02, 2025
Issue OpenJul 03, 2025
Issue CloseJul 07, 2025
Basis Of Allotment (Tentative)Jul 08, 2025
Initiation of Refunds (Tentative)Jul 09, 2025
Credit of Share (Tentative)Jul 09, 2025
Listing date (Tentative)Jul 10, 2025
Anchor Lockin End date 1Aug 07, 2025
Anchor Lockin End date 2Oct 06, 2025

Financials & KPIs

Badri Cotsyn IPO P/E ratio is , as compared to Happy Square Outsourcing IPO P/E ratio of 10.83.

 Badri Cotsyn IPOHappy Square Outsourcing IPO
Financials

Badri Cotsyn Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets195.76130.44111.58113.77
Total Income280.84200.78225.75177.92
Profit After Tax14.44-3.54-3.88-2.09
Net Worth12.252.89-5.63-1.7
Reserves and Surplus2.13-2.06-5.59-1.71
Total Borrowing118.0684.6281.4982.13
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)10084.00
Promoter Shareholding (Post-Issue)60.89
P/E Ratio10.83
Market Cap₹88.16 Cr.
ROE-2.68%61.97%
ROCE11%57.75%
Debt/Equity43.321.17
EPS₹7.02
RoNW-267.92%61.97%

Shares Offered

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

 Badri Cotsyn IPOHappy Square Outsourcing IPO
Anchor Investor Reserveration8,68,800 shares
Market Maker Reserveration2,88,000 shares
QIB5,79,200 shares
NII4,36,800 shares
RII10,17,600 shares
Employee0 shares
Others
Total29,02,400 shares

Bids Received (Subscription)

Badri Cotsyn IPO subscribed in total, whereas Happy Square Outsourcing IPO subscribed 3.58x.

 Badri Cotsyn IPOHappy Square Outsourcing IPO
QIB (times)7.16x
NII (times)2.24x
Big NII (times)
Small NII (times)
RII (times)2.12x
Employee (times)
Other (times)
Total (times)3.58x