Issue Price
₹76
Per Share
GMP
NIL
Grey Market
Est. Listing
₹76
Expected Price
Min. Application
₹243,200
2 lots × 1600 shares
Incorporated in April 2017, Happy Square Outsourcing Services specializes in HR outsourcing, focusing on recruitment, payroll, onboarding, and flexible staffing.The company is involved in a tech-based human resource outsourcing business focusing on end-to-end solutions.The company's services include Recruitment, Payroll, Onboarding and flexible staffing. The company is an ISO 9001:2015 certified company.The company utilizes a large talent pool to meet staffing needs for businesses in India and the US, emphasizing technology-based solutions and a comprehensive network to source qualified candidates, acting as a third-party provider for workforce management through robust recruitment and HR capabilities.Happy Square operates in both the Indian and US markets, understanding the specific needs of each region for staffing solutions.As of July 31, 2024, the company has 4,225 personnel deployed at various locations for its clients.As of July 31 2024, the company had 151 department employees.Competitive StrengthCustomer Satisfaction and long-standing relationships with its customers.Experienced Promoter and Management Expertise.Scalable Business ModelCatering to diversified industrial verticals.Strong financial position and good track record of financial performance.
Happy Square Outsourcing Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 288,000 | — | ₹2.19 Cr | — |
| TOTAL | 3,190,400 | 100.00% | ₹24.25 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹121,600 |
| Retail (Max) | 13 | 20,800 | ₹1,580,800 |
| sNII (Min) | 14 | 22,400 | ₹1,702,400 |
| bNII (Min) | 68 | 108,800 | ₹8,268,800 |
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue from Operations | 97.68 | 69.54 | 52.80 |
| EBITDA | 9.45 | 6.64 | 2.85 |
| Profit After Tax (PAT) | 5.90 | 4.39 | 1.79 |
| Net Worth | 12.48 | 6.57 | 2.14 |
| Total Assets | 39.64 | 28.38 | 14.32 |
| Reserves & Surplus | 12.47 | 6.52 | 2.13 |
| Total Borrowings | 14.59 | 10.98 | 6.57 |