31 Mar 2023
Assets21.82
Total Income100.58
EBITDA1.26
Profit After Tax0.53
NET Worth4.67
Reserves and Surplus4.64
Total Borrowing6.46
At a glance
Updated 2026-08-24The shares listed at ₹104.15, a 2.11% move from the issue price. Game Changers Texfab is a SME IPO with an issue size of ₹54.84 crore, proposed for listing on BSE SME. The offer opens on 28th Oct 2025 and closes on 30th Oct 2025. The issue structure includes a fresh issue of ₹52.08 crore. The current listing schedule points to 4th Nov 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹54.84 Cr
Fresh issue₹52.08 Cr
Face value₹10
Price band₹96.00–₹102.00
Allotment31st Oct 2025
Listing4th Nov 2025
Listing performance
Full performance ↗Issue price₹102.00
Listing price₹104.15
Current price—
Listing gain2.11%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹102.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens28th Oct 2025
Closes30th Oct 2025
Allotment31st Oct 2025
Refund3rd Nov 2025
Demat3rd Nov 2025
Listing4th Nov 2025
Subscription demand
Full bidding ↗Total1.17×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2400 | ₹244,800 |
Company
Incorporated2015
Use of proceeds
| Object | Amount |
|---|---|
| Funding capital expenditure | ₹15.00 Cr |
| Funding overall working capital requirements | ₹25.50 Cr |
| General Corporate Purposes including unidentified inorganic acquisitions | ₹8.85 Cr |
| Issue Expenses | ₹5.48 Cr |
| Total | ₹54.84 Cr |
Financials
Full financials ↗31 Mar 2024
Assets41.37
Total Income97.86
EBITDA6.73
Profit After Tax4.27
NET Worth8.94
Reserves and Surplus8.90
Total Borrowing5.54
31 Mar 2025
Assets51.32
Total Income115.59
EBITDA18.59
Profit After Tax12.07
NET Worth21.01
Reserves and Surplus8.49
Total Borrowing5.66
30 Jun 2025
Assets52.25
Total Income24.11
EBITDA6.05
Profit After Tax4.27
NET Worth25.27
Reserves and Surplus12.76
Total Borrowing9.88
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 80.59% |
| ROCE | 65.97% |
| Debt / Equity | 0.27% |
| RoNW | 80.59% |
| PAT Margin | 10.44% |
| EBITDA Margin | 16.09% |
| Price to Book Value | 6.08 |
Valuation & shareholding
Pre-IPO EPS9.64
Post-IPO EPS9.54
Pre-IPO P/E10.58
Post-IPO P/E10.7
Promoter holding pre98.67%
Promoter holding post69.01%
Market cap₹182.51 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Funding capital expenditure | ₹15.00 Cr |
| Funding overall working capital requirements | ₹25.50 Cr |
| General Corporate Purposes including unidentified inorganic acquisitions | ₹8.85 Cr |
| Issue Expenses | ₹5.48 Cr |
| Total | ₹54.84 Cr |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Corpwis Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.