Happy Square Outsourcing Services Limited

03 Jul 2025 - 07 Jul 2025 Individual Category SME NSE

Min Investment

₹121600

Price Band

₹72-₹76

Issue Size

23.22 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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03 Jul 2025

Open Date

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07 Jul 2025

Close Date

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08 Jul 2025

Allotment Date

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10 Jul 2025

Listing Date

White Force IPO open date is July 3, 2025, and the closing date is July 7, 2025. This upcoming IPO is offering total issue size of 23.22 lakh equity shares. White Force IPO is a book-built issue with issue price band of Rs 72 – Rs 76 per share. As of now, White Force IPO GMP Live quotation is not yet available. White Force IPO allotment status is available on July 8, 2025. White Force IPO lot size is 3200 shares. The minimum investment for the retail investors is 1 lot of Rs 2,43,200. The registrar for White Force IPO is Purva Sharegistry India Pvt Ltd. White Force IPO listing date is July 10, 2025.

Know Before Investing

Strengths icon

  • Provides staffing solutions across key sectors like auto IT retail and healthcare.
  • Long-term client relationships enable deeper engagement and upselling.
  • Worked with top clients like Cars24 boosting brand credibility.

Weaknesses icon

  • Difficulty in hiring skilled talent may delay service delivery.
  • High exposure to select industries may hurt revenue during downturns.
  • Historical negative cash flows may hinder expansion plans.

About Happy Square Outsourcing Services Limited

Happy Square Outsourcing Services Limited, established in April 2017 and headquartered in Jabalpur, is an ISO 9001:2015 certified, technology-driven HR outsourcing company operating under the brand White Force. The company specializes in comprehensive human resource solutions, including recruitment, payroll, onboarding, and flexible staffing, serving clients across India and the US. Leveraging advanced HR technologies and a robust talent pool, Happy Square delivers tailored staffing solutions to diverse sectors such as automobile, e-commerce, healthcare, IT, logistics, and PSUs.Led by experienced promoters Shraddha Rajpal and Nalini Rajpal, the company has demonstrated strong financial growth, with revenue rising 40% and net profit increasing 34% in FY25. As of March 2025, Happy Square had 5,802 personnel deployed at client locations and 142 internal employees. Its scalable, tech-enabled business model and commitment to customer satisfaction have established long-term client relationships and supported rapid expansion.

Founded

2017

Managing Director

Shraddha Rajpal

Parent Organization

-

IPO Objectives

White Force plans to utilise the net proceeds from the IPO into working capital requirements of the company and into general corporate purposes.

Company Promoters

Shraddha Rajpal

Nalini Rajpal

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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