Markets / IPO / Happy Square Outsourcing Services

Happy Square Outsourcing Services IPO

Updated 00:04

SME IPO on NSE Emerge · Diversified Commercial Services

Status

Listed

Price band

₹72–76

Lot size

1600 shares · ₹1,21,600

Subscribed

–

How it listed

Issue price

₹76

Listing price (open)

₹77.00 +1.32%

First-day close

₹80.85 +6.38%

Price now

₹34.75 -54.28%

Listing day	10 Jul 2025
Open / high / low / close	₹77.00 / ₹80.85 / ₹77.00 / ₹80.85
Shares traded on NSE	7,16,800
Market value at the listing-day close	₹94 cr

Closing prices since listing: 12 Oct ₹35.00, 13 Oct ₹34.50, 14 Oct ₹34.50, 16 Oct ₹35.00, 19 Oct ₹35.60, 26 Oct ₹31.20, 27 Oct ₹33.50, 28 Oct ₹32.80, 30 Oct ₹32.80, 2 Nov ₹34.75.

Happy Square Outsourcing Services share price, live chart and technicals →

Key dates

Bidding opens	3 Jul 2025
Bidding closes	7 Jul 2025
Allotment	8 Jul 2025
Refunds and shares in demat	9 Jul 2025
Listing	10 Jul 2025

Lot size by investor type

Application	Lots	Shares	Amount
Individual investor (minimum)	2	3,200	₹2,43,200
HNI (minimum)	3	4,800	₹3,64,800

At ₹76 a share. In SME IPOs individuals must bid for at least 2 lots.

Subscription

Investor category	Shares bid for
Institutions (QIB)	41,47,200
HNI / NII	12,70,400
HNI, above ₹10 lakh	10,65,600
HNI, ₹2–10 lakh	2,04,800
Total	54,17,600

NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 7 Jul 2025 19:00.

Applications from individual investors

676 applications in the individual investors' category (bidding for the minimum 2 lots).

NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.

Demand at each price

Top price ₹76	75.41 lakh shares	99.6%
Lower prices ₹72–75	0.32 lakh shares	0.4%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	2 Jul 2025
Anchor shares	8,68,800
Raised from anchors	₹6.60 cr
Lock-in ends for the first 50% (30 days)	6 Aug 2025
Lock-in ends for the remaining 50% (90 days)	5 Oct 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹88 cr	₹40 cr
P/E (last 12 months' profit)	14.7	6.7

Revenue, last 12 months	₹109 cr
Profit, last 12 months	₹6 cr
Return on equity	–
Debt to equity	–

From results the company filed with NSE (latest period to 31 Mar 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Diversified Commercial Services

Company	Listed	Subscribed	On listing	Since IPO
Coreintegra Consulting Services SME	30 Sept	–	+0.13%	+36.35%
Propshop Events and Exhibitions SME	3 Aug	–	-20.00%	-0.36%
Armour Security (India). SME	22 Jan	–	-20.00%	-54.39%
Dhara Rail Projects SME	31 Dec	–	+19.05%	+6.31%
Clear Secured Services SME	8 Dec	–	-9.85%	-47.16%
Sheel Biotech SME	8 Oct	–	+44.44%	-6.11%
Moving Media Entertainment SME	3 Jul	–	+1.43%	-47.43%
Eleganz Interiors SME	14 Feb	–	-6.15%	-41.31%

IPO details

Price band	₹72–76
Final issue price	₹76
Lot size	1600 shares
Minimum investment	₹2,43,200 (2 lots, the minimum for individuals)
Market	NSE Emerge (SME)
Issue type	100 % Book Building
Face value	₹10
Industry	Diversified Commercial Services
Issue size	Initial Public Offer of upto 31,90,400 Equity Shares (including Market Maker portion of 2,88,000 Equity Shares and Anchor Allocation 8,68,800 Equity Shares)
ISIN	INE0TLP01015
Registrar	Purva Sharegistry (India) Private Limited Helpline: +91 224 961 4132, newissue@purvashare.com
Lead managers	Corpwis Advisors Private Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 8 Jul 2025. Check it on the registrar's page (Purva Sharegistry (India) Private Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Happy Square Outsourcing Services IPO price band and lot size?

The price band is ₹72–76 per share, and one lot is 1600 shares (₹1,21,600 at the upper price).

When is the Happy Square Outsourcing Services IPO allotment date?

Allotment was finalised on 8 Jul 2025, the next working day after bidding closed on 7 Jul 2025.

How many times was the Happy Square Outsourcing Services IPO subscribed?

Subscription figures are not available yet.

What is the Happy Square Outsourcing Services IPO listing date?

It listed on 10 Jul 2025 on NSE Emerge (SME).

When does the Happy Square Outsourcing Services anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 6 Aug 2025 and the 90-day lock-in on the rest ends on 5 Oct 2025; they can sell from the next trading day.

What was the Happy Square Outsourcing Services listing gain?

It opened at ₹77.00 against an issue price of ₹76, a gain of 1.32%. It is now down 54.28% from the issue price.