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Game Changers Texfab IPO vs Happy Square Outsourcing IPO

Comparison between Game Changers Texfab IPO and Happy Square Outsourcing IPO.

IPO Details

Game Changers Texfab 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.

 Game Changers Texfab IPOHappy Square Outsourcing IPO
LogoGame Changers Texfab IPO LogoHappy Square Outsourcing IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersCorpwis Advisors Pvt.Ltd.Corpwis Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Game Changers Texfab 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 Game Changers Texfab IPO is and of Happy Square Outsourcing IPO is ₹76.00 per share.

 Game Changers Texfab 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 Size51,06,000 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 Total51,06,000 shares29,02,400 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹22.06 Cr

IPO Timetable

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

 Game Changers Texfab 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

Game Changers Texfab IPO P/E ratio is , as compared to Happy Square Outsourcing IPO P/E ratio of 10.83.

 Game Changers Texfab IPOHappy Square Outsourcing IPO
Financials

Game Changers Texfab Limited Financial Information (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets49.7041.3721.8212.20
Total Income85.8897.86100.5835.14
Profit After Tax9.144.270.530.15
EBITDA14.016.731.260.78
Net Worth18.088.944.673.39
Reserves and Surplus18.058.904.643.36
Total Borrowing9.655.546.464.76
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)98.6784.00
Promoter Shareholding (Post-Issue)60.89
P/E Ratio10.83
Market Cap₹88.16 Cr.
ROE62.73%61.97%
ROCE44.39%57.75%
Debt/Equity0.621.17
EPS₹7.02
RoNW62.73%61.97%

Shares Offered

In the Game Changers Texfab 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 Game Changers Texfab IPO and 5,79,200 shares in Happy Square Outsourcing IPO.

 Game Changers Texfab IPOHappy Square Outsourcing IPO
Anchor Investor Reserveration8,68,800 shares
Market Maker Reserveration2,70,000 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)

Game Changers Texfab IPO subscribed in total, whereas Happy Square Outsourcing IPO subscribed 3.58x.

 Game Changers Texfab 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