Happy Square Outsourcing Limited

Company Profile
Company Name Happy Square Outsourcing Limited
Open Date 03-07-2025
Close Date 07-07-2025
Exchange NSE SME
Lot Size 1,600 Shares
Issue Price ₹72 - ₹76
Issue Size 31,90,400 shares
Application Amount ₹2,43,200
Recommendation Avoid
The company was incorporated on Apr 20, 2017 under the name ‘Splendid Academy Private Limited’. The name was changed to ‘Happy Square Outsourcing Private Limited’ on Jan 17, 2020. Its registered office in Jabalpur. The company is a technology - based consulting firm, involved in tech based human resource outsourcing under the brand name 'White Force'.
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Financial Summary in Lakhs

KPIs Mar-23 Mar-24 Mar-25
Revenue 5,269.92 6,928.87 9,741.46
EBITDA 283.94 644.45 931.36
Net Profit 178.79 439.32 590.34
RoCE 54.70% 63.75% 56.05%
ROE 83.55% 66.82% 47.31%
P/E 35.68 14.56 10.83

Tentative Timeline

Opening Date 03-07-2025
Closing Date 07-07-2025
Basis of Allotment 08-07-2025
Initiation of Refunds 09-07-2025
Credit of Shares to Demat 09-07-2025
Listing Date 10-07-2025

Objects of the Issue

Working capital requirement.
General corporate purposes.

Contact Information

Registered Office 240, Nagpur Road Madan Mahal, Jabalpur, Madhya Pradesh, 482008
Phone 0761-4083591
Email info@white-force.com
Website https://www.white-force.com/

Registrar Details

Name Purva Sharegistry India Private Limited
Phone +91-022-23018261/ 23016761
Email newissue@purvashare.com
Website https://ipo.cameoindia.com/

IPO Reservation

NII (HNI) Shares Offered 4,36,800 (13.69%)
Retail Shares Offered 10,17,600 (31.90%)
QIB Shares Offered 14,48,000 (45.39%)
Market Maker Shares Offered 2,88,000 (9.02%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 84.00%
Share Holding Post Issue (Promoters) 60.90%

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