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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Happy Square Outsourcing Services Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹76
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,21,600
Issue Size
₹24.25 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.06%
QIB Quota
49.89%
NII Quota
15.05%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
84%
Promoter Holding (Post-Issue)
60.89%
Issue Type
Book Building - SME
ISIN
INE0TLP01015
Headquartered in Jabalpur, Happy Square is a technology based fastest growing consulting firm, involved in Tech based human resource outsourcing business which focuses on end to end solution. Promoters of our company, Shraddha Rajpal and Nalini Rajpal have a combined experience of 10 plus years in the staffing industry. Driven by the passion for building an integrated staffing company, backed by their experience, its Promoters have been the pillars of the Company's growth and have built a strong value system for the Company. With their enriching experience and progressive thinking, the company aims to continue to grow in the human resource outsourcing business.
The India Staffing and Recruiting market is valued at USD 18.5 Billion, based on a five-year historical analysis. This growth is driven by the increasing demand for flexible staffing solutions across various industries, including IT, manufacturing, and BFSI. The market's expansion is supported by the rise in digital recruitment technologies and a growing preference for temporary staffing due to evolving business needs and project-based requirements, making it a pivotal component of India's workforce management ecosystem. However, General staffing industry grew at 16.2% YOY (2023-24) & 2.4% Q4 23-24 (QoQ) whereas Flexi Staffing Industry grew at 15.3 % in FY 2023-24.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of upto 31,90,400 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company at an issue price of Rs. 76 per equity share (Including a Share Premium of Rs. 66 per Equity Share) for cash, aggregating up to Rs. 24.25 crores ("Public Issue") out of which 2,88,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 76 per equity share for cash, aggregating Rs. 2.19 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 29,02,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 76 per equity share for cash, aggregating up to Rs. 22.06 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27.50 % and 25.02 % respectively of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Happy Square Outsourcing Services Limited was incorporated on April 20, 2017 as a private limited company as `Splendid Academy Private Limited', under the Companies Act, 2013, pursuant to a certificate of incorporation dated April 20, 2017 issued by the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to a resolution passed by its Board of Directors in its meeting held on January 16, 2020, and by the Shareholders in their Extraordinary General Meeting held on January 17, 2020, the name of the Company was changed to `Happy Square Outsourcing Services Private Limited' and a fresh certificate of incorporation dated February 3, 2020 was issued by the Registrar of Companies, Gwalior. Further, the Company was converted into a public limited company pursuant to a resolution passed by its Board of Directors in its meeting held on June 1, 2024, and by the Shareholders in an Extraordinary General Meeting held on June 26, 2024 and consequently the name of the Company was changed to `Happy Square Outsourcing Services Limited' and a fresh certificate of incorporation dated August 1, 2024 was issued by the Registrar of Companies, Central Processing Centre. The corporate identification number of the Company is U80904MP2017PLC043153.
wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.