Comparison between Finbud Financial IPO and Happy Square Outsourcing IPO.
Finbud Financial 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.
| Finbud Financial IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | SKI Capital Services Ltd. | Corpwis Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | SKI Capital Services Ltd. | Giriraj Stock Broking 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 Happy Square Outsourcing IPO is up to ₹22.06 Cr. The final issue price of Finbud Financial IPO is ₹142.00 per share and of Happy Square Outsourcing IPO is ₹76.00 per share.
| Finbud Financial IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹140.00 per share | ₹72.00 per share |
| Issue Price (Upper) | ₹142.00 per share | ₹76.00 per share |
| Issue Price (Final) | ₹142.00 per share | ₹76.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1600 shares |
| Fresh Issue Size | 47,95,000 shares | 29,02,400 shares |
| Fresh Issue Size (Amount) | up to ₹68.09 Cr | up to ₹22.06 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 | 29,02,400 shares |
| Issue Size Total (Amount) | up to ₹68.09 Cr | up to ₹22.06 Cr |
Finbud Financial IPO opens on Nov 06, 2025, while Happy Square Outsourcing IPO opens on Jul 03, 2025. The closing date of Finbud Financial IPO and Happy Square Outsourcing IPO is Nov 10, 2025, and Jul 07, 2025, respectively.
| Finbud Financial IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| Anchor Bid Date | Nov 04, 2025 | Jul 02, 2025 |
| Issue Open | Nov 06, 2025 | Jul 03, 2025 |
| Issue Close | Nov 10, 2025 | Jul 07, 2025 |
| Basis Of Allotment (Tentative) | Nov 11, 2025 | Jul 08, 2025 |
| Initiation of Refunds (Tentative) | Nov 12, 2025 | Jul 09, 2025 |
| Credit of Share (Tentative) | Nov 12, 2025 | Jul 09, 2025 |
| Listing date (Tentative) | Nov 13, 2025 | Jul 10, 2025 |
| Anchor Lockin End date 1 | Dec 11, 2025 | Aug 07, 2025 |
| Anchor Lockin End date 2 | Feb 09, 2026 | Oct 06, 2025 |
Finbud Financial IPO P/E ratio is 23.4, as compared to Happy Square Outsourcing IPO P/E ratio of 10.83.
| Finbud Financial IPO | Happy Square Outsourcing IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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)Happy Square Outsourcing Services Ltd.'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.
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| Promoter Shareholding (Pre-Issue) | 64.92 | 84 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 47.72 | 60.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.4 | 10.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹270.50 Cr. | ₹88.16 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.61% | 61.97% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 32.11% | 57.75% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.51 | 1.17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.07 | ₹7.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.61% | 61.97% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Finbud Financial IPO Retail Individual Investors (RII) are offered 16,80,000 shares while in Happy Square Outsourcing IPO retail investors are offered 16,80,000 shares. Qualified Institutional Buyers (QIB) are offered 9,58,000 shares in Finbud Financial IPO and 5,79,200 shares in Happy Square Outsourcing IPO.
| Finbud Financial IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,37,000 shares | 8,68,800 shares |
| Market Maker Reservation | 2,53,000 shares | 2,88,000 shares |
| QIB | 9,58,000 shares | 5,79,200 shares |
| NII | 7,20,000 shares | 4,36,800 shares |
| RII | 16,80,000 shares | 10,17,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 47,95,000 shares | 29,02,400 shares |
Finbud Financial IPO subscribed 4.43x in total, whereas Happy Square Outsourcing IPO subscribed 3.58x.
| Finbud Financial IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| QIB (times) | 4.33x | 7.16x |
| NII (times) | 8.38x | 2.24x |
| Big NII (times) | 10.63x | |
| Small NII (times) | 3.87x | |
| RII (times) | 2.80x | 2.12x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.43x | 3.58x |
