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Happy Square Outsourcing Services Ltd. IPO
NSE SME Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹76
Issue Price
₹76
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹76
GMP based
Lot Size
1,600
shares / lot
Min Amount
₹121,600
1 lot · 1,600 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
03 Jul 2025
Thu Completed
Done
Close Date
07 Jul 2025
Mon Completed
Done
Allotment
08 Jul 2025
Tue Completed
Done
Refund
09 Jul 2025
Wed Completed
Done
Demat Credit
09 Jul 2025
Wed Completed
Done
Listing Date
10 Jul 2025
Thu Completed
UPI Deadline: 07 Jul 2025
Issue Details
Pricing & Size
Issue Price
₹76 Face ₹10
Lot Size
1,600 shares
Min Investment
₹121,600
Total Issue Size
31,90,400 shares (aggregating up to ₹24.25 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
NSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
2,88,000 (9.03%)
QIB Portion
14,48,000 (45.39%)
NII / HNI
4,36,800 (13.69%)
Retail
10,17,600 (31.90%)
Employee
-
Net Offer to Public
29,02,400 shares (aggregating up to ₹22.06 Cr)
Shareholding Pattern
Pre-Issue Shareholding
84,10,000 shares
Post-Issue Shareholding
1,16,00,400 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 3200 ₹2,43,200
HNI / NII 3 4800 ₹3,64,800
Objects of Issue
2 objectives
1
1 Funding of working capital requirements of the Company
19.00 Cr
2
2 General corporate purposes
3.48 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Corpwis Advisors Pvt.Ltd.
Market Maker
Giriraj Stock Broking Pvt.Ltd.
IPO Timeline
Open
03 Jul
✓ Done
Close
07 Jul
✓ Done
Allotment
08 Jul
✓ Done
Listing
10 Jul
✓ Done
Registrar Details
Purva Sharegistry (India) Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-022-23018261/ 23016761
Email
newissue@purvashare.com
Company Contact
Email
info@white-force.com
Phone
0761-4083591
Address
240, Nagpur Road Madan Mahal, Jabalpur, Madhya Pradesh, 482008
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹76
Est. Listing
₹76
Lot Size
1,600 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Happy Square Outsourcing Services Ltd. LIVE
INR ·
vs Issue
Open
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Low
Mkt Cap
P/E
52W H
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| Price
Market Reference
IPO Issue Price
₹76
GMP
+₹0 (+0%)
GMP Est. Listing
₹76
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 14,48,000 (45.39%) ₹1,100.48 Cr
NII / HNI (Total) 4,36,800 (13.69%) ₹331.97 Cr
Retail Investors 10,17,600 (31.90%) ₹773.38 Cr
Total ** 31,90,400 (100.00%) ₹24,247.04 Cr
Market Maker * 2,88,000 (9.03%) ₹21.89 Cr
* Based on ₹76.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
14,48,000 (45.39%)
NII
4,36,800 (13.69%)
Retail
10,17,600 (31.90%)
Market Maker
2,88,000 (9.03%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount In Crore
Metric31 Mar 202531 Mar 202431 Mar 2023
Revenue97.6869.5452.80
PAT5.904.391.79
EBITDA9.456.642.85
Net Worth12.486.572.14
Total Assets39.6428.3814.32
Reserves12.476.522.13
Borrowings14.5910.986.57
Key Financial Ratios
61.97%
ROE
Return on Equity
57.75%
ROCE
Return on Capital Employed
61.97%
RONW
Return on Net Worth
6.06%
PAT Margin
PAT / Revenue
9.70%
EBITDA Mgn
EBITDA / Revenue
1.17
D/E Ratio
Debt to Equity
5.12
P/BV
Price to Book Value
7.02
Pre EPS
EPS Pre-Issue
5.09
Post EPS
EPS Post-Issue
10.83
Pre P/E
P/E Pre-Issue
14.93
Post P/E
P/E Post-Issue
About Happy Square Outsourcing Services Ltd.

Incorporated in April 2017, Happy Square Outsourcing Services specializes in HR outsourcing, focusing on recruitment, payroll, onboarding, and flexible staffing.

The company is involved in a tech-based human resource outsourcing business focusing on end-to-end solutions.

The company's services include Recruitment, Payroll, Onboarding and flexible staffing. 

The company is an ISO 9001:2015 certified company.

The company utilizes a large talent pool to meet staffing needs for businesses in India and the US, emphasizing technology-based solutions and a comprehensive network to source qualified candidates, acting as a third-party provider for workforce management through robust recruitment and HR capabilities.

Happy Square operates in both the Indian and US markets, understanding the specific needs of each region for staffing solutions.

As of July 31, 2024, the company has 4,225 personnel deployed at various locations for its clients.

As of July 31 2024, the company had 151 department employees.

Competitive Strength

  • Customer Satisfaction and long-standing relationships with its customers.
  • Experienced Promoter and Management Expertise.
  • Scalable Business Model
  • Catering to diversified industrial verticals.
  • Strong financial position and good track record of financial performance.
Frequently Asked Questions
What is the issue price of Happy Square Outsourcing Services Ltd. IPO?
The issue price of Happy Square Outsourcing Services Ltd. IPO is ₹76 per share, face value ₹10.
What is the lot size?
Minimum lot size is 1,600 shares, requiring ₹121,600.
What are the IPO dates?
Opens 03 Jul 2025, closes 07 Jul 2025.
When is the listing date?
Tentative listing: 10 Jul 2025 on NSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹76 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Happy Square Outsourcing Services Ltd. IPO · Expected 08 Jul 2025

Check on Registrar
Post-IPO Timeline
Allotment Date
08 Jul 2025
Refund Initiation
09 Jul 2025
Demat Credit
09 Jul 2025
Listing Date
10 Jul 2025
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹76
Face ₹10
Lot Size
1,600
shares / lot
Min Amount
₹121,600
1 lot
Est. Listing
₹76
GMP +₹0
Key Dates
Open
03 Jul Done
Close
07 Jul Done
Listing
10 Jul Done
Registrar
Purva Sharegistry (India) Pvt.Ltd.
A
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