Comparison between Taurian MPS IPO and Happy Square Outsourcing IPO.
Taurian MPS 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.
| Taurian MPS 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 | Gretex Corporate Services Ltd. | Corpwis Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Taurian MPS IPO is up to ₹37.41 Cr whereas the issue size of the Happy Square Outsourcing IPO is up to ₹22.06 Cr. The final issue price of Taurian MPS IPO is and of Happy Square Outsourcing IPO is ₹76.00 per share.
| Taurian MPS IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹162.00 per share | ₹72.00 per share |
| Issue Price (Upper) | ₹171.00 per share | ₹76.00 per share |
| Issue Price (Final) | ₹76.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 800 shares | 1600 shares |
| Fresh Issue Size | 21,88,000 shares | 29,02,400 shares |
| Fresh Issue Size (Amount) | up to ₹37.41 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 | 21,88,000 shares | 29,02,400 shares |
| Issue Size Total (Amount) | up to ₹37.41 Cr | up to ₹22.06 Cr |
Taurian MPS IPO opens on Sep 09, 2025, while Happy Square Outsourcing IPO opens on Jul 03, 2025. The closing date of Taurian MPS IPO and Happy Square Outsourcing IPO is Sep 11, 2025, and Jul 07, 2025, respectively.
| Taurian MPS IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| Anchor Bid Date | Sep 04, 2025 | Jul 02, 2025 |
| Issue Open | Sep 09, 2025 | Jul 03, 2025 |
| Issue Close | Sep 11, 2025 | Jul 07, 2025 |
| Basis Of Allotment (Tentative) | Sep 12, 2025 | Jul 08, 2025 |
| Initiation of Refunds (Tentative) | Sep 15, 2025 | Jul 09, 2025 |
| Credit of Share (Tentative) | Sep 15, 2025 | Jul 09, 2025 |
| Listing date (Tentative) | Sep 16, 2025 | Jul 10, 2025 |
| Anchor Lockin End date 1 | Oct 11, 2025 | Aug 07, 2025 |
| Anchor Lockin End date 2 | Dec 10, 2025 | Oct 06, 2025 |
Taurian MPS IPO P/E ratio is 11.29, as compared to Happy Square Outsourcing IPO P/E ratio of 10.83.
| Taurian MPS IPO | Happy Square Outsourcing IPO | |||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | EBITDA | 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.
| ||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.61 | 84.00 | ||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.89 | |||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.29 | 10.83 | ||||||||||||||||||||||||||||||||||||
| Market Cap | ₹151.90 Cr. | ₹88.16 Cr. | ||||||||||||||||||||||||||||||||||||
| ROE | 35.44% | 61.97% | ||||||||||||||||||||||||||||||||||||
| ROCE | 31.64% | 57.75% | ||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.27 | 1.17 | ||||||||||||||||||||||||||||||||||||
| EPS | ₹15.14 | ₹7.02 | ||||||||||||||||||||||||||||||||||||
| RoNW | 27.69% | 61.97% | ||||||||||||||||||||||||||||||||||||
In the Taurian MPS IPO Retail Individual Investors (RII) are offered 7,66,400 shares while in Happy Square Outsourcing IPO retail investors are offered 7,66,400 shares. Qualified Institutional Buyers (QIB) are offered 4,36,800 shares in Taurian MPS IPO and 5,79,200 shares in Happy Square Outsourcing IPO.
| Taurian MPS IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| Anchor Investor Reserveration | 6,55,200 shares | 8,68,800 shares |
| Market Maker Reserveration | 2,99,200 shares | 2,88,000 shares |
| QIB | 4,36,800 shares | 5,79,200 shares |
| NII | 3,29,600 shares | 4,36,800 shares |
| RII | 7,66,400 shares | 10,17,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 21,88,000 shares | 29,02,400 shares |
Taurian MPS IPO subscribed 7.73x in total, whereas Happy Square Outsourcing IPO subscribed 3.58x.
| Taurian MPS IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| QIB (times) | 7.44x | 7.16x |
| NII (times) | 14.24x | 2.24x |
| Big NII (times) | 17.51x | |
| Small NII (times) | 7.66x | |
| RII (times) | 5.09x | 2.12x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 7.73x | 3.58x |
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