Game Changers Texfab Ltd Logo

Game Changers Texfab Ltd IPO

NSELot: 1200

LISTEDSME
Issue Price102
Listing104.15
Current130
Price Band
96 - ₹102
Lot Size
1,200
Issue Size
₹54.84 Cr
GMP
0
Subscription
0.24x

IPO Schedule

1
Open
28 Oct
2
Close
30 Oct
3
Allotment
31 Oct
4
Listing
4 Nov

About Game Changers Texfab Ltd

Game Changers Texfab Ltd is an SME focused on the textile industry, likely involved in manufacturing, processing, or trading of textile products. The company is launching an IPO to raise capital for expansion and working capital requirements.

Subscription Status

QIB
0.00x
NII
0.40x
Retail
0.40x
CategoryDay 3Day 2Day 1
QIB1.01x0.06x0.00x
NII1.48x0.43x0.40x
Retail1.18x0.66x0.40x
Total1.17x0.38x0.24x

Risk Factors

SME IPOs are inherently riskier than mainboard IPOs due to factors like smaller scale of operations and limited track record.
The textile industry is subject to cyclical fluctuations, regulatory changes, and raw material price volatility, impacting profitability.
Dependence on specific customers or suppliers could pose a risk if these relationships are disrupted.

Promoters & Management

The key management team includes Mr. Sanjeev Goel, the Managing Director, and Mr. Ankur Aggarwal, the Executive Director and Chief Financial Officer. Mr. Sanjeev Goel has an overall experience of 25 years, including 17 years in the Information Technology division and 8 years of business experience with the company. He holds a Bachelor of Technology in Computer Engineering and a Master of Technology in Management & Systems. Mr. Ankur Aggarwal has an experience of 19 years in the field of textiles. He holds a Bachelor of Business Administration. The board also includes Ms. Rashmi Goel as a Non-Executive Women Director, Mr. Ved Parkash Goel and Mr. Vishal Agrawal as Non-Executive Independent Directors, and Mr. Swapnil Madhusudan Dighe as a Non-Executive Independent Director. The management team's expertise and leadership are instrumental in driving the company's success. The company has established various committees to ensure effective corporate governance, including an Audit Committee, a Stakeholders' Relationship Committee, a Nomination and Remuneration Committee, a Risk Management Committee, and a Corporate Social Responsibility Committee.