Happy Square Outsourcing Services Limited IPO Details – Price, Date, GMP & Analysis
Happy Square Outsourcing Services Limited IPO Overview
Key IPO Details
Investment Summary
The Happy Square Outsourcing Services Limited IPO IPO is a sme offering scheduled to open on July 3. The issue is priced at ₹76 per share, with a minimum application of 1600 shares.
Status: Listed and trading
How to Apply for Happy Square Outsourcing Services Limited IPO
To apply for the Happy Square Outsourcing Services Limited IPO, you need a demat account with any SEBI-registered broker, PAN card, and UPI or bank account for payment.
Application Process
- Log into your broker's platform or app
- Navigate to IPO section and select Happy Square Outsourcing Services Limited IPO
- Enter bid quantity (minimum 1600 shares)
- Choose cut-off price or enter specific price
- Make payment via UPI or ASBA
- Submit application before July 7
Required Documents
- Active demat account
- PAN card
- Bank account linked to demat
- UPI ID for payment
- Valid mobile number and email
Minimum Investment: ₹121,600(approx. based on lower price band)
Company Overview
Incorporated in April 2017, Happy Square Outsourcing Services specializes in HR outsourcing, focusing on recruitment, payroll, onboarding, and flexible staffing. The company is ISO 9001:2015 certified and utilizes a large talent pool to meet staffing needs in India and the US. Happy Square operates in both markets, understanding regional staffing requirements. As of July 31, 2024, the company has 4,225 personnel deployed for clients and 151 department employees.
Grey Market Premium (GMP)
IPO Timeline
Open Date
Thu, Jul 3, 2025
CompletedClose Date
Mon, Jul 7, 2025
CompletedAllotment
Tue, Jul 8, 2025
CompletedRefund Process
Wed, Jul 9, 2025
CompletedCredit to Demat
Wed, Jul 9, 2025
CompletedListing Date
Thu, Jul 10, 2025
CompletedSubscription Status
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 7.16x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 2.24x | Oversubscribed |
| RII (Retail Individual Investors) | 2.12x | Oversubscribed |
| Total Subscription | 3.58x | Oversubscribed |
Last updated: Invalid Date
IPO Details
Happy Square Outsourcing IPO Details
| IPO Date | July 3, 2025 to July 7, 2025 |
| Listing Date | July 10, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹76 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 31,90,400 shares (aggregating up to ₹24.25 Cr) |
| Net Offered to Public | 29,02,400 shares (aggregating up to ₹22.06 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 84,10,000 shares |
| Share Holding Post Issue | 1,16,00,400 shares |
White Force IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,88,000 (8.28%) |
| QIB Shares Offered | 14,48,000 (41.63%) |
| − Anchor Investor Shares Offered | 8,68,800 (24.98%) |
| − QIB (Ex. Anchor) Shares Offered | 5,79,200 (16.65%) |
| NII (HNI) Shares Offered | 4,36,800 (12.56%) |
| Retail Shares Offered | 10,17,600 (29.25%) |
| Total Shares Offered | 34,78,400 (100.00%) |
Happy Square Outsourcing IPO Timeline (Tentative Schedule)
| IPO Open Date | Thu, Jul 3, 2025 |
| IPO Close Date | Mon, Jul 7, 2025 |
| Tentative Allotment | Tue, Jul 8, 2025 |
| Initiation of Refunds | Wed, Jul 9, 2025 |
| Credit of Shares to Demat | Wed, Jul 9, 2025 |
| Tentative Listing Date | Thu, Jul 10, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 7, 2025 |
Happy Square Outsourcing IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,43,200 |
| Individual investors (Retail) (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 IPO Promoter Holding
| Share Holding Pre Issue | 84.00% |
| Share Holding Post Issue | 60.89% |
Happy Square Outsourcing IPO Listing Details
| July 10, 2025 |
| WHITEFORCE |
| INE0TLP01015 |
| ₹76 per share |
Financial Information
Company FinancialsHappy Square Outsourcing Services Limited Financial Information (Restated)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 39.64 | 28.38 | 14.32 |
| Revenue | 97.68 | 69.54 | 52.80 |
| Profit After Tax | 5.90 | 4.39 | 1.79 |
| EBITDA | 9.45 | 6.64 | 2.85 |
| Net Worth | 12.48 | 6.57 | 2.14 |
| Reserves and Surplus | 12.47 | 6.52 | 2.13 |
| Total Borrowing | 14.59 | 10.98 | 6.57 |
Key Dates
Happy Square Outsourcing Services Limited IPO IPO Review & Analysis
Should I Apply for Happy Square Outsourcing Services Limited IPO?
The Happy Square Outsourcing Services Limited IPO decision depends on your risk tolerance, investment goals, and analysis of company fundamentals. Consider factors like business model, financial performance, industry prospects, and valuation before applying.
Key Positives
- • SME listing provides credibility
- • Issue size of ₹24.25 Cr indicates scale
- • Regulated by SEBI guidelines
Key Considerations
- • Analyze company financials thoroughly
- • Check Grey Market Premium trends
- • Consider market conditions
Happy Square Outsourcing Services Limited IPO Allotment Details
Allotment Timeline
How to Check Allotment
- • Visit registrar's official website
- • Enter PAN or application number
- • Check through broker's platform
- • Use our universal allotment tracker
Tip: Happy Square Outsourcing Services Limited IPO IPO allotment status will be available approximately 2-3 days after the issue closes. Successful applicants will receive shares in their demat account before listing.