Happy Square Outsourcing Services Ltd IPO
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Happy Square Outsourcing Services Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 31.9 L | TBA | TBA | ₹ 70.64 L | NSE | ₹ 24.25 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 03 Jul, 25 | 07 Jul, 25 | 1600 | ₹ 1,15,200 | Book Building - SME | 10 Jul, 25 |
Happy Square Outsourcing Services Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 3190400 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Happy Square Outsourcing Services Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 6.04 | 2.55 | 0.42 |
| EBITDA | 6.22 | 2.71 | 0.52 |
| PAT | 4.39 | 1.79 | 0.25 |
| Total Assets | 23.96 | 11.80 | 7.23 |
| Share Capital | 0.01 | 0.01 | 0.01 |
| Total Borrowings | 16.47 | 7.85 | 1.61 |
| Operating Activities (Net Cash) | 4.57 | 1.95 | 0.35 |
| Investing Activities (Net Cash) | 0.01 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 16.47 | 7.85 | 1.61 |
| Net Cashflow | 0.22 | 0.23 | 0.49 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Happy Square Outsourcing Services Ltd
Our Company was incorporated on April 20, 2017 as a private limited company as `Splendid Academy Private Limited', under the Companies Act, 2013, pursuant to a certificate of incorporation dated April 20, 2017 issued by the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to a resolution passed by our Board of Directors in its meeting held on January 16, 2020, and by the Shareholders in their Extraordinary General Meeting held on January 17, 2020, the name of our Company was changed to `Happy Square Outsourcing Services Private Limited' and a fresh certificate of incorporation dated February 3, 2020 was issued by the Registrar of Companies, Gwalior. Further, our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors in its meeting held on June 1, 2024, and by the Shareholders in an Extraordinary General Meeting held on June 26, 2024 and consequently the name of our Company was changed to `Happy Square Outsourcing Services Limited' and a fresh certificate of incorporation dated August 1, 2024 was issued by the Registrar of Companies, Central Processing Centre. The corporate identification number of our Company is U80904MP2017PLC043153.
The India Staffing and Recruiting market is valued at USD 18.5 Billion, based on a five-year historical analysis. This growth is driven by the increasing demand for flexible staffing solutions across various industries, including IT, manufacturing, and BFSI. The market's expansion is supported by the rise in digital recruitment technologies and a growing preference for temporary staffing due to evolving business needs and project-based requirements, making it a pivotal component of India's workforce management ecosystem. However, General staffing industry grew at 16.2% YOY (2023-24) & 2.4% Q4 23-24 (QoQ) whereas Flexi Staffing Industry grew at 15.3 % in FY 2023-24.
Headquartered in Jabalpur, Happy Square is a technology based fastest growing consulting firm, involved in Tech based human resource outsourcing business which focuses on end to end solution. Promoters of our company, Shraddha Rajpal and Nalini Rajpal have a combined experience of 10 plus years in the staffing industry. Driven by the passion for building an integrated staffing company, backed by their experience, our Promoters have been the pillars of our Company's growth and have built a strong value system for our Company. With their enriching experience and progressive thinking, we aim to continue to grow in the human resource outsourcing business.
Happy Square Outsourcing Services Ltd IPO Key Points
Strengths
- Customer Satisfaction and long-standing relationships with our customers.
- Experienced Promoter and Management Expertise.
- Scalable Business Model.
- Catering to diversified industrial verticals.
- Strong financial position and good track record of financial performance.
Risk
- We may be unable to perform background verification procedures on our staffed personnel prior to placing them with our clients.
- We may be exposed to risks and costs associated with protecting the integrity and security of our systems as well as our clients' operational and other confidential information.
- Our Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact our growth and business.
Strategy
- Acquire new clients and deepen key account relationships.
- Volume business of General Staffing to help with overall efficiencies and stable growth.
- High Margin service lines of RPO.
- Export of services leveraging India based manpower for diversification in reach.
- Entering new geographies.
- Customer Satisfaction and long-standing relationships with our customers.
- Experienced Promoter and Management Expertise.
- Scalable Business Model.
- Catering to diversified industrial verticals.
- Strong financial position and good track record of financial performance.
How To Apply for Happy Square Outsourcing Services Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
