Happy Square Outsourcing Services Limited (White Force) IPO
NSE SMEListed On: Jul 10, 2025 at ₹ 77.0
₹ 121600 /1600 Shares
Check Allotment03 Jul, 2025
Open Date07 Jul, 2025
Close Date08 Jul, 2025
Allotment Date10 Jul, 2025
Listing DateIssue Price
₹72-76 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Purva Sharegistry India Pvt LtdList Price
77.0Listing Date
2025-07-10Market Lot
Individual(Retail)(Min) : 3200 Shares (₹243,200/-)Individual(Retail)(Max) : 3200 Shares (₹243,200/-)
HNI(Min) : 4800 Shares (₹364,800/-)
Lead Manager
Corpwis Advisors Private LimitedIssue Size
31,90,400 shares(aggregating up to ₹24.25 Cr)Retail Portion
35%Subscription
3.58 timesHappy Square Outsourcing Services (White Force) IPO Details
Happy Square Outsourcing Services Limited (White Force) IPO is an SME IPO, priced at ₹72-76 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 31,90,400 equity shares, aggregating up to ₹24.25 crores..
The IPO bidding window is open from Jul 3, 2025 to Jul 7, 2025. The allotment is expected to be finalized on Jul 8, 2025, and the tentative listing date is Jul 10, 2025.
The minimum lot size for retail investors is 3200 shares, with a minimum investment of ₹2,43,200. For HNIs, the minimum application size is 3 lots , amounting to ₹ 3,64,800.
Corpwis Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Purva Sharegistry India Pvt Ltd, and
Happy Square Outsourcing Services (White Force) IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 14,48,000 / 4,36,800 | 10,17,600 | 20,33,600 |
| Day 1 - 03-07-25 06:00 PM | 0.00 / 0.94 x | 0.37 x | 0.39 x |
| Day 2 - 04-07-25 06:00 PM | 0.14 / 0.88 x | 0.72 x | 0.59 x |
| Day 3 - 07-07-25 06:00 PM | 7.16 / 2.24 x | 2.12 x | 3.58 x |
Happy Square Outsourcing Services (White Force) Valuations
EPS Pre IPO
₹7.02/-EPS Post IPO
₹5.09/-P/E Pre IPO
10.83P/E Post IPO
14.93ROE
61.97%ROCE
57.75%Debt/Equity
1.17RoNW
61.97%PAT Margin
6.06%Price to Book Value
5.12Happy Square Outsourcing Services (White Force) Company Financials All values are in ₹ Cr.
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 39.64 | 28.38 | 14.32 |
| Revenue | 97.68 | 69.54 | 52.80 |
| Profit After Tax | 5.90 | 4.39 | 1.79 |
| Net Worth | 12.48 | 6.57 | 2.14 |
| Reserves & Surplus | 12.47 | 6.52 | 2.13 |
| Total Borrowing | 14.59 | 10.98 | 6.57 |
About The Company
Founded in April 2017, Happy Square Outsourcing Services is an HR outsourcing firm with expertise in hiring, payroll, onboarding, and flexible staffing.
It is engaged in a technology-driven human resource outsourcing business with end-to-end solutions.
Its services are Recruitment, Payroll, Onboarding and flexible staffing.
It is an ISO 9001:2015 company.The firm leverages a massive talent pool to provide staffing solutions to businesses across India and the US, focusing on technology-driven solutions and a wide network to find skilled resources, serving as a third-party manager of the workforce through strong recruitment and HR capabilities.Happy Square has a presence in both Indian and US markets, fully comprehending the region-specific needs for staffing solutions.As of July 31, 2024, the firm has 4,225 staff deployed across different locations for its customers.
As of July 31 2024, the firm employed 151 department staff.
Happy Square Outsourcing Services (White Force) - Promoter(s)
Pre Issue Share Holding: %
Post Issue Share Holding: %
- Shraddha Rajpal
- Nalini Rajpal
Happy Square Outsourcing Services (White Force) IPO - Issue Objectives
- Funding of working capital requirements of the Company
- General corporate purposes
Other Details
Happy Square Outsourcing Services (White Force)
240, Nagpur Road, Madan Mahal, Jabalpur, Madhya Pradesh, 482008Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Happy Square Outsourcing Services (White Force) IPO - FAQs
Ans. Happy Square Outsourcing Services Limited (White Force) IPO is a SME IPO. The issue is priced at ₹72-76 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Jul 3, 2025, and closes on Jul 7, 2025. Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Happy Square Outsourcing Services Limited (White Force) IPO opens on Jul 3, 2025 and closes on Jul 7, 2025.
Ans. The size of Happy Square Outsourcing Services Limited (White Force) IPO is 31,90,400 shares(aggregating up to ₹24.25 Cr).
Ans. The IPO price band is set between ₹72-76 per equity share.
Ans. To apply for Happy Square Outsourcing Services Limited (White Force) IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Happy Square Outsourcing Services Limited (White Force) IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Happy Square Outsourcing Services Limited (White Force) IPO is Jul 8, 2025.
Ans. The Happy Square Outsourcing Services Limited (White Force) IPO will be listed on Jul 10, 2025.
Ans. Follow the steps to check the allotment status for Happy Square Outsourcing Services Limited (White Force) IPO here.
