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Mint
11 hours ago
- Business
- Mint
Happy Square Outsourcing Services Limited IPO Opens On 03rd July 2025
Mumbai (Maharashtra) [India], July 2: Happy Square Outsourcing Services Limited, a technology driven human resource outsourcing firm headquartered in Jabalpur, Madhya Pradesh, has announced its IPO on July 03, 2025, aiming to raise ₹ 24.24 Crores, with shares to be listed on the NSE Emerge platform. The issue size is Up To 31,90,400 equity shares at a face value of ₹ 10 each. Fresh Issue Size – 31,90,400 Equity Shares of ₹ 10 each 10 each Issue Size – ₹ 24.24 Crores (At Upper Price Band) 24.24 Crores (At Upper Price Band) Price Band – ₹ 72 - ₹ 76 Per Equity Share 72 - 76 Per Equity Share Lot Size – 1,600 Equity Shares Equity Share Allocation QIB Anchor Portion – Up to 8,68,800 Equity Shares Qualified Institutional Buyers (QIB) – Up to 5,79,200 Equity Shares Non-Institutional Investors (NII) – Up to 4,36,800 Equity Shares Retail Individual Investors (RII) – Up to 10,17,600 Equity Shares Market Maker – Up to 2,88,000 Equity Shares The net proceeds from the issue will be utilized primarily for funding of working capital requirements of the company & general corporate purposes. The anchor portion will open on July 02, 2025. The issue will open for public on July 03, 2025 and the issue will close on July 07, 2025. The Book Running Lead Manager to the Issue is Corpwis Advisors Private Limited. The Registrar to the Issue is Purva Sharegistry India Private Limited. Ms. Poonam Rajpal, Managing Director of Happy Square Outsourcing Services Limited expressed, "We are very proud to announce that Happy Square Outsourcing Services Limited is taking its first step into the capital markets, driven by our vision to redefine HR solutions through innovation and expertise. We have consistently grown our business by blending technology with HR services. As a technology-driven HR outsourcing firm with extensive experience, a wide presence across the country, and a large client base, we take pride in offering end-to-end staffing solutions, catering to recruitment and workforce solutions across diverse industries such as IT, automobile, logistics, FMCG, and government services. To strengthen our service delivery, we have developed proprietary platforms that improve efficiency and enhance client outcomes. White Force Plus, our in-house recruitment solution, features a dynamic candidate database, AI-driven tools, and automated interview reporting for faster, smarter hiring. Alongside, our White Force Payroll HRMS Portal automates payroll, compliance, and attendance functions with real-time reporting and self-service options for employees. These secure and scalable platforms help streamline HR operations and drive overall productivity. The net proceeds of this IPO will be utilized for working capital needs, ensuring timely salary payouts for our workforce, while the remainder will support general corporate purposes, including product development and business expansion. This capital infusion will strengthen our operational capabilities and fuel our growth, helping us remain agile and competitive as we work toward becoming the partner of choice for high-quality, scalable HR solutions across India.' Mr. Nikunj Kanodia, Director of Corpwis Advisors Private Limited said, "The HR outsourcing sector in India is undergoing a major shift, with businesses increasingly seeking partners who combine technology with deep domain expertise. Happy Square Outsourcing Services Limited stands out as a forward-thinking player in this space, offering comprehensive HR solutions tailored to the evolving needs of modern enterprises. India's staffing and HR services industry continues to witness strong momentum, driven by formalization, digitization, and the need for scalable workforce solutions across sectors like IT, logistics, e-commerce, and manufacturing. With its proven track record, wide geographic footprint, and robust client base, Happy Square is well-positioned to tap into these opportunities. We are proud to partner with the company in its IPO journey, which will help fuel its growth ambitions and strengthen its presence in the rapidly evolving HR landscape.' Happy Square Outsourcing Services Limited is a technology driven consulting firm specializing in human resource outsourcing. Headquartered in Jabalpur, India, the company provides end-to-end staffing solutions, catering to recruitment and workforce. With a strong value system, structured processes, and deep industry expertise, Happy Square ensures high quality HR solutions for businesses across various sectors. In FY25, The Company Achieved a Revenue of ₹ 9,741.46 Lakhs, EBITDA of ₹ 944.67 Lakhs, & PAT of ₹ 590.34 Lakhs. Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. Note to readers: This article is part of Mint's paid consumer connect Initiative. Mint assumes no editorial involvement or responsibility for errors, omissions, or content accuracy. Want to get your story featured as above? click here!
Business Standard
2 days ago
- Business
- Business Standard
Happy Square Outsourcing Services Limited IPO Opens On 03rd July 2025
PNN Mumbai (Maharashtra) [India], July 1: Happy Square Outsourcing Services Limited, a technology driven human resource outsourcing firm headquartered in Jabalpur, Madhya Pradesh, has announced its IPO on July 03, 2025, aiming to raise ₹ 24.24 Crores, with shares to be listed on the NSE Emerge platform. * Fresh Issue Size - 31,90,400 Equity Shares of ₹ 10 each * Issue Size - ₹ 24.24 Crores (At Upper Price Band) * Price Band - ₹ 72 - ₹ 76 Per Equity Share * Lot Size - 1,600 Equity Shares The issue size is Up To 31,90,400 equity shares at a face value of ₹ 10 each. Equity Share Allocation * QIB Anchor Portion - Up to 8,68,800 Equity Shares * Qualified Institutional Buyers (QIB) - Up to 5,79,200 Equity Shares * Non-Institutional Investors (NII) - Up to 4,36,800 Equity Shares * Retail Individual Investors (RII) - Up to 10,17,600 Equity Shares * Market Maker - Up to 2,88,000 Equity Shares The net proceeds from the issue will be utilized primarily for funding of working capital requirements of the company & general corporate purposes. The anchor portion will open on July 02, 2025. The issue will open for public on July 03, 2025 and the issue will close on July 07, 2025. The Book Running Lead Manager to the Issue is Corpwis Advisors Private Limited. The Registrar to the Issue is Purva Sharegistry India Private Limited. Poonam Rajpal, Managing Director of Happy Square Outsourcing Services Limited expressed, "We are very proud to announce that Happy Square Outsourcing Services Limited is taking its first step into the capital markets, driven by our vision to redefine HR solutions through innovation and expertise. We have consistently grown our business by blending technology with HR services. As a technology-driven HR outsourcing firm with extensive experience, a wide presence across the country, and a large client base, we take pride in offering end-to-end staffing solutions, catering to recruitment and workforce solutions across diverse industries such as IT, automobile, logistics, FMCG, and government services. To strengthen our service delivery, we have developed proprietary platforms that improve efficiency and enhance client outcomes. White Force Plus, our in-house recruitment solution, features a dynamic candidate database, AI-driven tools, and automated interview reporting for faster, smarter hiring. Alongside, our White Force Payroll HRMS Portal automates payroll, compliance, and attendance functions with real-time reporting and self-service options for employees. These secure and scalable platforms help streamline HR operations and drive overall productivity. The net proceeds of this IPO will be utilized for working capital needs, ensuring timely salary payouts for our workforce, while the remainder will support general corporate purposes, including product development and business expansion. This capital infusion will strengthen our operational capabilities and fuel our growth, helping us remain agile and competitive as we work toward becoming the partner of choice for high-quality, scalable HR solutions across India." Nikunj Kanodia, Director of Corpwis Advisors Private Limited said, "The HR outsourcing sector in India is undergoing a major shift, with businesses increasingly seeking partners who combine technology with deep domain expertise. Happy Square Outsourcing Services Limited stands out as a forward-thinking player in this space, offering comprehensive HR solutions tailored to the evolving needs of modern enterprises. India's staffing and HR services industry continues to witness strong momentum, driven by formalization, digitization, and the need for scalable workforce solutions across sectors like IT, logistics, e-commerce, and manufacturing. With its proven track record, wide geographic footprint, and robust client base, Happy Square is well-positioned to tap into these opportunities. We are proud to partner with the company in its IPO journey, which will help fuel its growth ambitions and strengthen its presence in the rapidly evolving HR landscape." About The Company: Happy Square Outsourcing Services Limited is a technology driven consulting firm specializing in human resource outsourcing. Headquartered in Jabalpur, India, the company provides end-to-end staffing solutions, catering to recruitment and workforce. With a strong value system, structured processes, and deep industry expertise, Happy Square ensures high quality HR solutions for businesses across various sectors. In FY25, The Company Achieved a Revenue of ₹ 9,741.46 Lakhs, EBITDA of ₹ 944.67 Lakhs, & PAT of ₹ 590.34 Lakhs. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
United News of India
5 days ago
- Business
- United News of India
Silky Overseas Limited IPO To Open On 30th June, Sets Price Band At ₹153 to ₹161 Per Share
Mumbai (Maharashtra) [India], June 27: Established in May 2016, Silky Overseas Limited manufactures bedding essentials, specialising in blankets, bed sheets, and comforters. The company's manufacturing process encompasses knitting, dyeing, processing, printing, and packaging all under one roof. The company is poised for its initial public offering (IPO), with plans to raise ₹ 30.68 crores through the issuance of 19.06 lakh new shares. For its SME IPO, Silky Overseas Limited has established a price band of ₹ 153 to ₹ 161 per share. The company's shares will open for subscription on June 30, 2025 and closes on July02, 2025. These will be listed on the NSE Emerge, with a projected listing date of Monday, July 07, 2025. Gretex Corporate Services Limited is the book-running lead manager of the Silky Overseas IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Silky Overseas IPO is Gretex Share Broking Private Limited. The issue proceeds will be utilized in Setting up of Additional Storage Facility, Pre-payment of Certain Debt Facilities, to meet working capital requirements and general corporate purposes. Thursday, July 3, 2025, the shares for the Silky Overseas IPO are anticipated to be allotted, and on Friday, July 4, 2025, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment. Retail investors need to contribute a minimum of ₹ 1,28,800 considering the minimum lot size for an application is 800 shares. For HNIs, the minimum bidding size is two lots, or 1600 shares, for a total investment of ₹ 2,57,600 at the upper price band. Silky Overseas Solutions Limited's Total Revenue ₹70.26 Crores, EBITDA ₹11.01 Crores and PAT ₹5.53 Crores for the financial year ending with March 31, 2024. And the total revenue was recorded at ₹105.35 Crores, EBITDA ₹15.08 Crores and PAT was ₹9.17 Crores as on 31st January 2025. The company sell its products under the brand name Rian Decor. Silky Overseas Limited operates manufacturing facilities in Gohana, Haryana, and produces textile products such as mink blankets, bed sheets, and comforters. Silky Overseas Limited offers a wide range of textile products, catering to domestic and international markets.
News18
5 days ago
- Business
- News18
Suntech Infra Solutions IPO Allotment Date: GMP Remains Strong Amid Overwhelming Subscription
Last Updated: The GMP of the Suntech Infra Solutions IPO is 38.37% today. Suntech Infra Solutions IPO Allotment Date: The Suntech Infra Solutions IPO has received a whopping 223.64x subscription on the final day of bidding on Friday, amid strong GMP. Its grey market premium of 38.37% signals huge listing gains for investors. As the issue has closed, investors are awaiting its allotment. Suntech Infra Solutions IPO Allotment Date The allotment of the Suntech Infra Solutions IPO is scheduled to be finalised on Monday, June 30. Suntech Infra Solutions IPO: A Step-By-Step Guide To Check Allotment Status Once the IPO allotment is finalised, investors will start receiving bank debit messages, most probably in the evening on June 30. They can also check their allotment status on the websites of the NSE as well as registrar Mas Services Ltd. The allotment status can be checked by following these steps: Step 1: Visit Mas Services Ltd's portal — Step 2: Under 'Select Company', choose 'Suntech Infra Solutions Ltd'. Step 4: Hit 'Submit' button. Your allotment status will appear on the display. According to market observers, the GMP of the Suntech Infra Solutions IPO is 38.37% today. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The listing of Suntech Infra Solutions Ltd's shares on the NSE Emerge will take place on July 2. Suntech Infra Solutions IPO: More Info The Suntech Infra Solutions IPO is a book-built issue worth Rs 44.39 crore, comprising a fresh issue of 39.74 lakh equity shares totalling Rs 34.18 crore and an offer for sale of 11.87 lakh shares amounting to Rs 10.21 crore. It was open for public subscription between June 25 and June 27. On the final day of bidding on Friday, the Rs 44.4-crore NSE SME IPO received a 223.64 times subscription, garnering bids for 76,78,78,400 shares as against the 34,33,600 shares on offer. The retail and NII participation stood at 150.10 times and 529.51 times, respectively. Its qualified institutional buyer (QIB) category got a 122.82 times subscription. The price of the IPO was fixed at Rs 86 per share. GYR Capital Advisors Private Limited is the lead manager for the issue, Mas Services Limited is the registrar, and Giriraj Stock Broking Private Limited is acting as the market maker. Founded in April 2009, Suntech Infra Solutions Limited (SISL) is a B2B construction firm offering civil construction services such as foundation and structural works. These services are provided through direct contracts, subcontracts, and equipment rentals. The company caters to both government and private sector clients across industries including power, oil & gas, steel, cement, renewables, refineries, petrochemicals, fertilisers, and process plants. It also undertakes infrastructure projects like bridges and irrigation systems in both rural and urban areas. As of July 31, 2024, SISL had six active projects worth Rs 186.37 crore, supported by Letters of Allocation and Purchase Orders. As of December 31, 2024, the company's order book stood at over Rs 47 crore. First Published: June 28, 2025, 09:11 IST News business » ipo Suntech Infra Solutions IPO Allotment Date: GMP Remains Strong Amid Overwhelming Subscription
News18
6 days ago
- Business
- News18
Suntech Infra Solutions IPO GMP Rises: Issue Receives 223.64x Subscription, Retail Gets 150.1x
Last Updated: The GMP of the Suntech Infra Solutions IPO is a whopping 38.37% today, indicating strong listing gains for investors. Suntech Infra Solutions IPO Day 3 Subscription Status, GMP Today: The Suntech Infra Solutions IPO has been closed today, Friday, June 27. The IPO, whose price was fixed at Rs 86 per share, has received an overwhelming response from investors along with a strong GMP. Till 5:00 pm on the final day of bidding on Friday, the Rs 44.4-crore NSE SME IPO received a 223.64 times subscription, garnering bids for 76,78,78,400 shares as against the 34,33,600 shares on offer. The retail and NII participation stood at 150.10 times and 529.51 times, respectively. Its qualified institutional buyer (QIB) category got a 122.82 times subscription. The IPO is a fresh issue of Rs 34.18 crore and an offer for sale (OFS) of Rs 10.21 crore. It received a 4.87x subscription on Day 1 and a 19.50x subscription on Day 2. Suntech Infra Solutions IPO GMP Today According to market observers, the GMP of the Suntech Infra Solutions IPO is 38.37% today. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The company's IPO will be closed today, June 27. Its allotment will take place on June 30, while shares will be listed on the NSE Emerge on July 2. The IPO price has been fixed at Rs 86 per share. Retail investors need to apply for a minimum of one lot (1,600 shares), which requires an investment of Rs 1,29,600. However, due to the possibility of oversubscription, investors are advised to bid at the cutoff price, increasing the investment to around Rs 1,37,600. For HNI investors, the minimum application size is two lots (3,200 shares) amounting to Rs 2,75,200. GYR Capital Advisors Private Limited is the lead manager for the issue, Mas Services Limited is the registrar, and Giriraj Stock Broking Private Limited is acting as the market maker. Founded in April 2009, Suntech Infra Solutions Limited (SISL) is a B2B construction firm offering civil construction services such as foundation and structural works. These services are provided through direct contracts, subcontracts, and equipment rentals. The company caters to both government and private sector clients across industries including power, oil & gas, steel, cement, renewables, refineries, petrochemicals, fertilisers, and process plants. It also undertakes infrastructure projects like bridges and irrigation systems in both rural and urban areas. As of July 31, 2024, SISL had six active projects worth Rs 186.37 crore, supported by Letters of Allocation and Purchase Orders. As of December 31, 2024, the company's order book stood at over Rs 47 crore.
