IPO Details
Bidding Dates
03 Jul 25 - 07 Jul 25
Lot Size
1600
Price Range ₹
72 - 76
Exchange Status
NSE
Total Equity
₹ 17.64Cr
IPO Doc
IPO Timeline
Offer start
03 Jul 2025
Offer end
07 Jul 2025
Allotment
08 Jul 2025
Refund initiation
09 Jul 2025
Demat transfer
09 Jul 2025
Listing
10 Jul 2025
Offer start
03 Jul 2025
Offer end
07 Jul 2025
Allotment
08 Jul 2025
Refund initiation
09 Jul 2025
Demat transfer
09 Jul 2025
Listing
10 Jul 2025
About Company
Incorporated in April 2017, Happy Square Outsourcing Services Limited is a technology-driven HR outsourcing company providing end-to-end solutions such as recruitment, payroll, onboarding, and flexible staffing. The company operates in both India and the US, catering to diverse industry verticals through a strong talent pool and tech-enabled platforms. With ISO 9001:2015 certification and over 4,200 personnel deployed across client locations as of July 2024, Happy Square emphasizes efficient workforce management. The company is backed by experienced promoters with over a decade of staffing industry expertise and maintains a scalable business model built on strong client relationships and robust operational capabilities. Its consistent financial growth reflects a strong market presence and expanding demand for outsourced HR solutions.
Year Founded
20-04-2017
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 84 | 60.9 |
| Share Capital | 7064400 | 7064400 |
Offer to Public
23,21,600.00 Cr
Project Details
- General corporate purposes - 34.788cr
- Funding of working capital requirements of our Company - 190cr
Objectives
- Funding of working capital requirements of our Company
- General Corporate Purposes.
Highlights
- Tech-enabled HR platform offering end-to-end solutions like recruitment, payroll, onboarding, and staffing
- Strong deployment base, with 4,225 personnel placed at various client locations as of July 2024
- ISO 9001:2015 certification indicating standardized processes and quality control
- Presence in both Indian and US markets, offering cross-border staffing expertise
- Strong revenue and profit growth, with PAT increasing 34% in FY25 over FY24
Challenges
- Heavy dependence on manpower deployment, which may affect margins if disrupted
- Relatively short operating history, limiting long-term track record
- Rising borrowings from ₹6.57 Cr in FY23 to ₹14.59 Cr in FY25 may strain finances
- Limited brand recognition compared to larger, well-established players
- Strong revenue and profit growth, with PAT increasing 34% in FY25 over FY24
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 1,426.19 | 1.00 | 590.34 | 590.34 | 7.0195 |
| 2022 | 863.77 | 1.00 | 439.32 | 439.32 | 5.2238 |
| 2024 | 2,835.72 | 1.00 | 439.32 | 439.32 | 5.2238 |
| 2025 | 3,958.83 | 841.00 | 178.78 | 178.78 | 2.1258 |
