Comparison between Finbud Financial IPO and Game Changers Texfab IPO.
Finbud Financial IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Game Changers Texfab IPO is a SME Bookbuilding proposed to list at BSE SME.
| Finbud Financial IPO | Game Changers Texfab IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | SKI Capital Services Ltd. | Corpwis Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | SKI Capital Services Ltd. | NNM Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Finbud Financial IPO is up to ₹68.09 Cr whereas the issue size of the Game Changers Texfab IPO is up to ₹52.08 Cr. The final issue price of Finbud Financial IPO is ₹142.00 per share and of Game Changers Texfab IPO is ₹102.00 per share.
| Finbud Financial IPO | Game Changers Texfab IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹140.00 per share | ₹96.00 per share |
| Issue Price (Upper) | ₹142.00 per share | ₹102.00 per share |
| Issue Price (Final) | ₹142.00 per share | ₹102.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1200 shares |
| Fresh Issue Size | 47,95,000 shares | 51,06,000 shares |
| Fresh Issue Size (Amount) | up to ₹68.09 Cr | up to ₹52.08 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 47,95,000 shares | 51,06,000 shares |
| Issue Size Total (Amount) | up to ₹68.09 Cr | up to ₹52.08 Cr |
Finbud Financial IPO opens on Nov 06, 2025, while Game Changers Texfab IPO opens on Oct 28, 2025. The closing date of Finbud Financial IPO and Game Changers Texfab IPO is Nov 10, 2025, and Oct 30, 2025, respectively.
| Finbud Financial IPO | Game Changers Texfab IPO | |
|---|---|---|
| Anchor Bid Date | Nov 04, 2025 | Oct 27, 2025 |
| Issue Open | Nov 06, 2025 | Oct 28, 2025 |
| Issue Close | Nov 10, 2025 | Oct 30, 2025 |
| Basis Of Allotment (Tentative) | Nov 11, 2025 | Oct 31, 2025 |
| Initiation of Refunds (Tentative) | Nov 12, 2025 | Nov 03, 2025 |
| Credit of Share (Tentative) | Nov 12, 2025 | Nov 03, 2025 |
| Listing date (Tentative) | Nov 13, 2025 | Nov 04, 2025 |
| Anchor Lockin End date 1 | Dec 11, 2025 | Nov 30, 2025 |
| Anchor Lockin End date 2 | Feb 09, 2026 | Jan 29, 2026 |
Finbud Financial IPO P/E ratio is 23.4, as compared to Game Changers Texfab IPO P/E ratio of 10.58.
| Finbud Financial IPO | Game Changers Texfab IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)Finbud Financial Services Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 50% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)Game Changers Texfab Ltd.'s revenue increased by 18% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 64.92 | 98.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 47.72 | 69.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.4 | 10.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹270.50 Cr. | ₹182.51 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.61% | 80.59% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 32.11% | 65.97% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.51 | 0.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.07 | ₹9.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.61% | 80.59% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Finbud Financial IPO Retail Individual Investors (RII) are offered 16,80,000 shares while in Game Changers Texfab IPO retail investors are offered 16,80,000 shares. Qualified Institutional Buyers (QIB) are offered 9,58,000 shares in Finbud Financial IPO and 16,56,000 shares in Game Changers Texfab IPO.
| Finbud Financial IPO | Game Changers Texfab IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,37,000 shares | 8,95,200 shares |
| Market Maker Reservation | 2,53,000 shares | 2,70,000 shares |
| QIB | 9,58,000 shares | 16,56,000 shares |
| NII | 7,20,000 shares | 7,66,800 shares |
| RII | 16,80,000 shares | 17,88,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 47,95,000 shares | 51,06,000 shares |
Finbud Financial IPO subscribed 4.43x in total, whereas Game Changers Texfab IPO subscribed 1.17x.
| Finbud Financial IPO | Game Changers Texfab IPO | |
|---|---|---|
| QIB (times) | 4.33x | 1.01x |
| NII (times) | 8.38x | 1.48x |
| Big NII (times) | 10.63x | 1.46x |
| Small NII (times) | 3.87x | 1.52x |
| RII (times) | 2.80x | 1.18x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.43x | 1.17x |
