31 Mar 2023
Assets14.32
Total Income52.80
EBITDA2.85
Profit After Tax1.79
NET Worth2.14
Reserves and Surplus2.13
Total Borrowing6.57
At a glance
Updated 2026-08-24The shares listed at ₹77.00, a 1.32% move from the issue price. Happy Square Outsourcing is a SME IPO with an issue size of ₹24.25 crore, proposed for listing on NSE SME. The offer opens on 3rd Jul 2025 and closes on 7th Jul 2025. The issue structure includes a fresh issue of ₹22.06 crore. The current listing schedule points to 10th Jul 2025.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹24.25 Cr
Fresh issue₹22.06 Cr
Face value₹10
Price band₹72.00–₹76.00
Allotment8th Jul 2025
Listing10th Jul 2025
Listing performance
Full performance ↗Issue price₹76.00
Listing price₹77.00
Current price—
Listing gain1.32%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹5.00
GMP / upper price6.58%
Est. listing₹81.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens3rd Jul 2025
Closes7th Jul 2025
Allotment8th Jul 2025
Refund9th Jul 2025
Demat9th Jul 2025
Listing10th Jul 2025
Subscription demand
Full bidding ↗Total3.58×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 3200 | ₹243,200 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding of Working Capital Requirement of the company | ₹19.00 Cr |
| General Corporate Purposes | ₹3.48 Cr |
| Issue Expenses | ₹1.77 Cr |
| Total | ₹24.25 Cr |
Financials
Full financials ↗31 Mar 2024
Assets28.38
Total Income69.54
EBITDA6.64
Profit After Tax4.39
NET Worth6.57
Reserves and Surplus6.52
Total Borrowing10.98
31 Mar 2025
Assets39.64
Total Income97.68
EBITDA9.45
Profit After Tax5.90
NET Worth12.48
Reserves and Surplus12.47
Total Borrowing14.59
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 61.97% |
| ROCE | 57.75% |
| Debt / Equity | 1.17% |
| RoNW | 61.97% |
| PAT Margin | 6.06% |
| EBITDA Margin | 9.70% |
| Price to Book Value | 5.12 |
Valuation & shareholding
Pre-IPO EPS7.02
Post-IPO EPS5.09
Pre-IPO P/E10.83
Post-IPO P/E14.93
Promoter holding pre84%
Promoter holding post60.89%
Market cap₹88.16 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Funding of Working Capital Requirement of the company | ₹19.00 Cr |
| General Corporate Purposes | ₹3.48 Cr |
| Issue Expenses | ₹1.77 Cr |
| Total | ₹24.25 Cr |
Registrar & lead managers
Registrar
Purva Sharegistry (India) Pvt.Ltd.Lead managers
- Corpwis Advisors Pvt.Ltd.
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.