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Finbud Financial IPO vs Happy Square Outsourcing IPO

Comparison between Finbud Financial IPO and Happy Square Outsourcing IPO.

IPO Details

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 IPOHappy Square Outsourcing IPO
LogoFinbud Financial IPO LogoHappy Square Outsourcing IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSKI Capital Services Ltd.Corpwis Advisors Pvt.Ltd.
RegistrarSkyline Financial 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 Finbud Financial 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 Finbud Financial IPO is and of Happy Square Outsourcing IPO is ₹76.00 per share.

 Finbud Financial 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 Size50,48,000 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 Total50,48,000 shares29,02,400 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹22.06 Cr

IPO Timetable

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

 Finbud Financial 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

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

 Finbud Financial IPOHappy Square Outsourcing IPO
FinancialsEBITDA

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)64.9284.00
Promoter Shareholding (Post-Issue)60.89
P/E Ratio10.83
Market Cap₹88.16 Cr.
ROE23.61%61.97%
ROCE32.11%57.75%
Debt/Equity0.511.17
EPS₹7.02
RoNW23.61%61.97%

Shares Offered

In the Finbud Financial IPO Retail Individual Investors (RII) are offered 0 shares while in Happy Square Outsourcing IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Finbud Financial IPO and 5,79,200 shares in Happy Square Outsourcing IPO.

 Finbud Financial IPOHappy Square Outsourcing IPO
Anchor Investor Reserveration8,68,800 shares
Market Maker Reserveration0 shares2,88,000 shares
QIB0 shares5,79,200 shares
NII0 shares4,36,800 shares
RII0 shares10,17,600 shares
Employee0 shares0 shares
Others
Total0 shares29,02,400 shares

Bids Received (Subscription)

Finbud Financial IPO subscribed in total, whereas Happy Square Outsourcing IPO subscribed 3.58x.

 Finbud Financial 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