Happy Square Outsourcing Services Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,448,000 (45%) | — | ₹1,100 Cr |
| NII (HNI) | — | 436,800 (14%) | — | ₹332 Cr |
| Retail | — | 1,017,600 (32%) | — | ₹773 Cr |
| Market Maker | — | 288,000 (9%) | — | ₹22 Cr |
| Σ Total | — | 3,190,400 (100%) | — | ₹24,247 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹121,600 |
| Retail (Max) | 13 | 20,800 | ₹1,580,800 |
| S-HNI (Min) | 14 | 22,400 | ₹1,702,400 |
| B-HNI (Min) | 67 | 107,200 | ₹8,147,200 |
Financial Statements Amount In Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 98 | 70 | 53 |
| EBITDA | 9 | 7 | 3 |
| Profit After Tax | 6 | 4 | 2 |
| Net Worth | 12 | 7 | 2 |
| Total Assets | 40 | 28 | 14 |
| Reserves & Surplus | 12 | 7 | 2 |
| Total Borrowing | 15 | 11 | 7 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding of working capital requirements of the Company – 19.00
- 2 General corporate purposes – 3.48
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 involved in a tech-based human resource outsourcing business focusing on end-to-end solutions.
The company's services include Recruitment, Payroll, Onboarding and flexible staffing.
The company is an ISO 9001:2015 certified company.
The company utilizes a large talent pool to meet staffing needs for businesses in India and the US, emphasizing technology-based solutions and a comprehensive network to source qualified candidates, acting as a third-party provider for workforce management through robust recruitment and HR capabilities.
Happy Square operates in both the Indian and US markets, understanding the specific needs of each region for staffing solutions.
As of July 31, 2024, the company has 4,225 personnel deployed at various locations for its clients.
As of July 31 2024, the company had 151 department employees.
Competitive Strength
- Customer Satisfaction and long-standing relationships with its customers.
- Experienced Promoter and Management Expertise.
- Scalable Business Model
- Catering to diversified industrial verticals.
- Strong financial position and good track record of financial performance.