Happy Square Outsourcing Services IPO

LISTED

SME

NSE • Lot Size: 1600 • SME

Issue₹76

→

Listed₹77+1%

→

Now₹62.6-17.6%

↓17.6%

*Last updated on 11 Jan 2026

Price Band

₹72 - ₹76

Lot Size

1600

Issue Size

₹24.25 Cr

GMP

N/A

Subscription

3.58x

Analyzing...

IPO Schedule

Open

3 Jul 2025

7 Jul 2025

Allotment

Listing

10 Jul 2025

About Happy Square Outsourcing Services

Happy Square Outsourcing Services is an SME focused on providing outsourcing services, likely in areas such as data entry, customer service, or back-office operations. The company aims to leverage the IPO proceeds for growth and expansion within the outsourcing sector.

Key Strengths

High Return on Equity (ROE) of 61.97% indicates strong profitability and efficient use of shareholder equity.
Relatively low Price-to-Earnings (P/E) ratio of 10.83 suggests the IPO is reasonably priced compared to its earnings.
Operates in the outsourcing sector, which has growth potential due to increasing demand for cost-effective business solutions.
SME status may offer certain regulatory advantages and growth opportunities specific to small and medium-sized enterprises.
Fixed price IPO eliminates price discovery concerns during subscription period, potentially reducing volatility.

Risk Factors

•SME IPOs are generally more volatile and carry higher risk compared to mainboard IPOs due to lower liquidity and market capitalization.
•Reliance on a limited number of clients or specific industries could expose the company to business concentration risk.
•Competition from larger, more established outsourcing companies could impact market share and profitability.

Valuation Analysis

The IPO appears reasonably valued based on the P/E ratio, but investors should carefully consider the risks associated with SME IPOs and the overall market sentiment before investing.