White Force IPO Details
The White Force IPO is a book build issue with a total issue size of ₹24.25 cr, comprising of fresh issue of 3190400 equity shares. White Force IPO opened for subscription on Jul 03, 2025 and closed on Jul 07, 2025. White Force IPO is set price band at ₹72 to ₹76 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹243,200.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 08, 2025, and listed on the NSE on Jul 10, 2025.
Purva Sharegistry India Pvt Ltd has been appointed as the registrar. Corpwis Advisors Private Limited IPO Lead Manager are the Book Running Lead Manager for the issue.
Before investing in the White Force IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 72 – 76
- Lot Size
- 1600
- Issue Size
- ₹24.25 Cr
- Minimum Investment
- ₹243200 (3200 Shares)
- Listing Date
- 10 July 2025
Current GMP
₹5 (+6.58%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Happy Square Outsourcing Services Limited
Incorporated in April 2017 and headquartered in Jabalpur, Happy Square Outsourcing Services Limited is a technology-driven HR outsourcing company specializing in end-to-end human resource solutions. With a core focus on recruitment, onboarding, payroll, and flexible staffing, the company serves clients across India and the United States, tailoring services to meet the unique workforce needs of each market.
Founded by industry professionals Shraddha Rajpal and Nalini Rajpal, who bring over a decade of combined experience, Happy Square has built a reputation for operational excellence and reliable workforce management. The company is ISO 9001:2015 certified, underscoring its commitment to quality and standardized service delivery.
Business Operations
Happy Square leverages a robust tech-enabled infrastructure and a vast talent network to deliver agile, scalable HR solutions. As of March 31, 2025, the company had deployed 5,802 personnel across client locations and employed 142 internal staff. Its services span multiple sectors, including automobile, e-commerce, healthcare, IT, logistics, and public sector undertakings (PSUs).
The company works with prominent clients such as Cars24 Services and Octopolis Technologies, supporting their workforce needs through structured processes and responsive support systems.
Key Strengths
- Strong customer relationships and high client satisfaction
- Experienced promoters and professional leadership
- Scalable and technology-led business model
- Presence across diversified industry verticals
- Consistent financial performance and sound fiscal management
With a presence in both the Indian and U.S. markets, Happy Square continues to expand its footprint through innovative HR solutions and a focus on long-term client partnerships.
White Force IPO Promoters
- Shraddha Rajpal
- Nalini Rajpal
Promoters Holding
Holding Pre Issue
84.00%
Holding Post Issue
60.89%
White Force IPO Objective
The Company White Force IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
1 Funding of working capital requirements of the Company
2 General corporate purposes
Address / Contact Info
Happy Square Outsourcing Services Limited
240, Nagpur Road Madan Mahal,
Jabalpur, Madhya Pradesh, 482008
Phone: 0761-4083591
Email: info@white-force.com
Website: https://www.white-force.com/
IPO Snapshot
Book Running Lead Managers
- Corpwis Advisors Private Limited IPO Lead Manager
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
White Force IPO is a Book-building IPO with a total issue size of ₹24.25 crore. The White Force IPO price band is ₹72 to 76 per share. The White Force IPO subscription opens on Thu, Jul 3, 2025, and closes on Mon, Jul 7, 2025. The White Force IPO will be listed on the NSE. Purva Sharegistry India Pvt Ltd is the registrar for the White Force IPO.
The White Force IPO opens on Thu, Jul 3, 2025 and closes on Mon, Jul 7, 2025
White Force IPO Price Band is ₹72 to 76 per share.
White Force IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹243200 based on the upper price band
The minimum investment for White Force IPO is ₹243200, based on one lot of 1600 shares at the upper price band of ₹76 per share.
Investors can apply for the White Force IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jul 7, 2025. The application amount remains blocked until the White Force IPO allotment is finalized.
White Force IPO issue size is ₹24.25 crores.
White Force IPO allotment date is Wed, Jul 1, 2026.
The registrar for White Force IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website to check White Force IPO allotment status, refund processing, and other IPO-related information.
The White Force IPO GMP (Grey Market Premium) is ₹5 as of Thu, Jul 10, 2025. Based on the upper price band of ₹76 per share, the estimated White Force IPO listing price is ₹81, indicating a potential listing gain of approximately 0% over the issue price.