IPO Trending
WHITEFORCESME / NSEListed
Happy Square Outsourcing Services (White Force)

Incorporated in April 2017, Happy Square Outsourcing Services operates in the human resources outsourcing industry, offering end-to-end solutions with a strong focus on recruitment, payroll, onboarding, and flexible staffing. The company is ISO 9001:2015 certified and leverages technology-driven approaches to deliver efficient HR services. With operations in both India and the United States, Happy Square caters to region-specific staffing needs by utilizing a vast talent pool and an extensive sourcing network. It acts as a third-party provider for workforce management, supported by robust recruitment and HR capabilities. As of July 31, 2024, the company had deployed 4,225 personnel across various client locations and employed 151 staff members across departments.

₹72 - ₹762.66x sub
Listed Price₹77.00
Listing Gain+1.32%

IPO Schedule & Timeline

Bookbuilding IPO
Open03 Jul 2025
Close07 Jul 2025
Allotment08 Jul 2025
Listing10 Jul 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail10,17,600 shares
31.9%
HNI4,36,800 shares
13.69%
Anchor8,68,800 shares
27.23%
QIB5,79,200 shares
18.15%
Market Maker2,88,000 shares
9.03%

Minimum Application Lots

Retail2 Lots (3,200 shares)
₹2,43,200
sHNI3 Lots (4,800 shares)
₹3,64,800
bHNI9 Lots (14,400 shares)
₹10,94,400

Company Promoters

Shraddha RajpalNalini Rajpal

Company Background

Incorporated in April 2017, Happy Square Outsourcing Services operates in the human resources outsourcing industry, offering end-to-end solutions with a strong focus on recruitment, payroll, onboarding, and flexible staffing. The company is ISO 9001:2015 certified and leverages technology-driven approaches to deliver efficient HR services. With operations in...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹97.68 Cr
Growth+245.8%
Revenue Trend (₹ in Crores)
0.037.474.9112.3Mar-22Mar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-2597.685.939.6414.59
Mar-2469.544.3928.4210.98
Mar-2352.81.7914.326.57
Mar-2228.250.258.673.85

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-257.0261.97%57.75%00
Mar-245.22100.82%66.34%00
Mar-232.13143.47%56.78%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Purva Sharegistry India Private Limited

Allotment Finalized
Allotment Date
08 Jul 2025
Official Status
Out / Finalized
Registrar
Purva Sharegistry India Private Limited
Listing Date
10 Jul 2025

Official Allotment Verification Links

Official Registrar Portal
Purva Sharegistry India Private Limited

Direct allotment verification on the official registrar portal appointed for Happy Square Outsourcing Services (White Force). Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization08 Jul 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date10 Jul 2025Trading commences on exchange

How to Check Happy Square Outsourcing Services (White Force) Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Happy Square Outsourcing Services (White Force) from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Happy Square Outsourcing Services (White Force) IPO

Complete issue overview for Happy Square Outsourcing Services (White Force) (WHITEFORCE) IPO. The issue features an equity share price band of ₹72 – ₹76 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,21,600). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions