Happy Square Outsourcing Services Limited IPO
Price Band
₹72 - ₹76
Total Issue
₹24 Cr
Bid Dates
03 Jul - 07 Jul
Subscription
3.59x
Listing Price
₹77 (1.32%)
Valuation
Market Cap
₹88.16 Cr
P/E Ratio
10.83x
P/B Ratio
5.12x
Happy Square Outsourcing Services IPO Dates
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Headquartered in Jabalpur, Happy Square is a technology-driven consulting firm specializing in human resource outsourcing with a focus on delivering end-to-end staffing solutions. The company offers a broad spectrum of services, including recruitment, payroll management, onboarding, and flexible staffing, catering to the evolving HR needs of its clients. Led by promoters Shraddha Rajpal and Nalini Rajpal, who collectively bring over a decade of experience in the staffing industry, the company leverages its strong human resource database—a critical asset in the HR outsourcing sector. As of March 31, 2025, Happy Square had 5,802 personnel deployed across various client locations, underscoring its growing operational scale and ability to deliver customized staffing solutions across sectors.
Happy Square Outsourcing Services IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 3,200 | ₹2,43,200 |
| Ind (Max) | 2 | 3,200 | ₹2,43,200 |
| S-HNI (Min) | 3 | 4,800 | ₹3,64,800 |
| S-HNI (Max) | 8 | 12,800 | ₹9,72,800 |
| B-HNI (Min) | 9 | 14,400 | ₹10,94,400 |
Happy Square Outsourcing Services IPO Size
Objects of Issue
- Funding of working capital requirements of our Company
- General Corporate Purposes.
Happy Square Outsourcing Services IPO Live Subscription
Updated as on 07-Jul-2025 19:00:10 hrs
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 7.16x | 5,79,200 | 41,47,200 |
| NII | 2.25x | 4,36,800 | 9,82,400 |
| Retail | 2.13x | 10,17,600 | 21,63,200 |
| Total | 3.59x | 20,33,600 | 72,92,800 |
Happy Square Outsourcing Services IPO Details Live GMP
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 09 Jul | ₹5 (6.6%) | ₹81 |
| 08 Jul | ₹5 (6.6%) | ₹81 |
| 07 Jul | ₹5 (6.6%) | ₹81 |
| 04 Jul | ₹5 (6.6%) | ₹81 |
| 03 Jul | ₹5 (6.6%) | ₹81 |
| 02 Jul | ₹5 (6.6%) | ₹81 |
| 01 Jul | ₹5 (6.6%) | ₹81 |
| 30 Jun | ₹0 (0%) | ₹76 |
Happy Square Outsourcing Services IPO Peer Comparison
(Rs. in crores)
| Particulars | Happy Square Outsourcing Services Limited | Spectrum Talent Management Ltd |
|---|---|---|
| Revenue from Ops (in Crs.) | 97.41 | 1,253.36 |
| PAT (In Crs.) | 5.90 | 6.89 |
| EPS - Basic | 7.02 | 2.98 |
| NAV per share | 14.84 | 68.17 |
| RONW | 61.97% | 4.56% |
| EBITDA | 9.70% | 0.89% |
| PAT Margin | 6.06% | 0.55% |
| Price to earning (PE) | 10.83 | 40.44 |
| Net Debt to Equity | 1.48 | 0.16 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of May 29, 2025 for Peers
Happy Square Outsourcing Services IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 97.41 | 69.29 | 52.70 |
| Profit after Tax | 5.90 | 4.39 | 1.79 |
| Net Worth | 12.48 | 6.57 | 2.14 |
| Total Borrowing | 14.59 | 10.98 | 6.57 |
| Total Assets | 39.64 | 28.42 | 14.32 |
| NAV per share (in ₹) | 14.84 | 7.82 | 2.54 |
| EPS - Basic (in ₹) | 7.02 | 5.22 | 2.13 |
Key Performance Indicators (KPIs)
EBITDA
9.70%
PAT
6.06%
ROE
61.97%
ROCE
57.75%
Net Debt to Equity
1.48
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
84.00%
Public
16.00%
Management
Registrar & Lead Managers
Registrar
Purva Share Registry
Lead Managers (1)
Company Details
Name: Happy Square Outsourcing Services Ltd
Address: 240, Nagpur Road, Madan Mahal, Jabalpur - 482008, Madhya Pradesh, India
Number: 0761-4083591
Email: info@white-force.com
Website: www.white-force.com
Explore More IPOs
Discover other active and upcoming IPOs.
Live IPOs
View All
Opening Soon
View All
Recently Closed
View All
Frequently Asked Questions (FAQs)
What is Happy Square Outsourcing Services IPO?
When will Happy Square Outsourcing Services IPO open?
What is the GMP of Happy Square Outsourcing Services IPO?
What is the lot size of Happy Square Outsourcing Services IPO?
When is the allotment of Happy Square Outsourcing Services IPO?
What is the listing date of Happy Square Outsourcing Services IPO?
What is the subscription of Happy Square Outsourcing Services IPO?
What is the price band of Happy Square Outsourcing Services IPO?
How to check allotment status of Happy Square Outsourcing Services IPO?
How to apply Happy Square Outsourcing Services IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Happy Square Outsourcing Services IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Happy Square Outsourcing Services IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Happy Square Outsourcing Services IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
Delete Comment?
Are you sure you want to delete this comment? This action cannot be undone.
Discussion
Join the discussion!
Log In to CommentNo comments yet. Be the first to share your thoughts!