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Happy Square Outsourcing Services IPO
2.66xsubscribed

Happy Square Outsourcing Services IPO

listed
₹1.15LMin. investment

Happy Square Outsourcing Services Limited IPO Details

Price range₹72.00 – ₹76.00
IPO type
SME
Lot size1600 shares
Issue size₹24Cr
Red Herring Prospectus
Read

Happy Square Outsourcing Services IPO Subscription Status

Date
QIB
NII
Retail
Total
03-Jul-25
0.0 times (X)
0.92 times (X)
0.0 times (X)
0.2 times (X)
04-Jul-25
0.14X
1.54X
0.0X
0.37X
07-Jul-25
7.16X
2.9X
0.0X
2.66X

As on 03-Jul-25, 5:30 PM

Happy Square Outsourcing Services IPO Timeline

  1. Pre-apply
    2 Jul 2025
  2. Bid start
    3 Jul 2025
  3. Bid end
    7 Jul 2025
  4. Allotment
    8 Jul 2025
  5. Release of funds
    9 Jul 2025
  6. Demat transfer
    9 Jul 2025
  7. Listing
    10 Jul 2025

About Happy Square Outsourcing Services Limited

Happy Square Outsourcing Services is a Jabalpur-based HR outsourcing and consulting firm offering staffing, payroll, compliance, and recruitment solutions. Backed by proprietary tech platforms like White Force Plus (ATS) and White Force Payroll HRMS, the company had 5,802 deployed personnel, 142 core staff with a high productivity ratio of 40.86. Government/PSU clients contributed ₹41.7 crore (43%) of FY25 revenue, up from 19% in FY23. Key sectors include PSUs (43%), Logistics (20%), and IT (18%). It onboarded 215 new and 185 repeat clients and has marquee clients like Cars24 and Octopolis. Geographically, Madhya Pradesh (28%), Haryana (13%), and Karnataka (16%) were major revenue contributors.

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Objectives of Happy Square Outsourcing Services Limited IPO

Working capital
78.35%
The Company will use ₹19 crore to fund its working capital needs.
General corporate purposes
21.70%
Part of the IPO proceeds will be used for general corporate purposes and strategic initiatives.

Happy Square Outsourcing Services IPO Contact Details

Company NameHappy Square Outsourcing Services Limited

How to apply for Happy Square Outsourcing Services IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Happy Square Outsourcing Services Limited IPO FAQs