White Force IPO GMP: Day 1 IPO Live Updates

White Force IPO GMP is ₹6 as of 3rd July 2025. It is a book-building IPO of 31.90 lakh shares and an entirely fresh issue worth ₹24.25 crore. The issue will be listed on SME and BSE on its tentative listing date, 10th July 2025. The price band for the White Force IPO GMP is set between ₹72 and ₹76 per share. Retail investors can bid for a minimum 2 lots of 3,200 shares worth ₹2,43,200. 

White Force IPO GMP Grey Market Premium

As of 3rd July 2025, White Force IPO GMP stands at ₹6 per share. Thus, the estimated listing price would be ₹82 (76+6). This indicates that the estimated listing gain in this IPO could be 7.89%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for the White Force IPO GMP updates.

White Force IPO Details

Explanation

White Force IPO: Happy Square Outsourcing Services Limited has declared a price band of ₹72 and ₹76 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 3,200 shares worth ₹2,43,200. The face value of Happy Square Outsourcing Services Ltd.’s share is ₹10 per share. The shares of Happy Square Outsourcing Services Limited will be listed on SME & BSE on its tentative listing day, 10th July 2025. Scroll down to check GMP updates and White Force IPO reviews. 

Objectives of White Force IPO

The primary aim of the White Force IPO is to raise ₹24.25 crores. On the other hand, Happy Square Outsourcing Services Limited has decided to utilise these funds in different prospects. Explore some of the secondary objectives for the White Force IPO.

• To meet general corporate purposes. 
• To meet working capital requirements. 
• To repay certain borrowings.

White Force IPO Registrar

Purva Sharegistry India Private Limited is the registrar of the White Force IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the White Force IPO allotment and refund, you can contact Purva Sharegistry India Private Limited at busicomp@vsnl.com or +91-022-23018261/23011676.

White Force IPO Review

The White Force IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Happy Square Outsourcing Services Limited’s revenue rose 40.46% from ₹69.54 crores in March 2024 to ₹97.68 crores in March 2025. Moreover, the company’s PAT increased by 34.39% from ₹4.39 crores to ₹5.90 crores. Investors can analyse other relevant factors and make a decision accordingly.

Most analysts recommend applying for this IPO to diversify your investment portfolio in the stock market. However, we’re waiting for further ratings to have a better idea and will keep posting them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the White Force IPO or not.

Also read : Moving Media Entertainment IPO GMP & Review: Apply or Avoid?

White Force IPO Technical Analysis

The PE ratio of Happy Square Outsourcing Services Limited shares is 10.83, and its Earnings Per Share (EPS) stands at 7.02. Thus, the White Force IPO can potentially deliver gains on its tentative listing date, 10th July 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Happy Square Outsourcing Services Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Happy Square Outsourcing Services Limited Peer Comparison

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FAQs on White Force IPO

What is White Force IPO GMP?

Ans. Currently, on 3rd July 2025, White Force IPO GMP (Grey Market Premium) stands at ₹6 (7.89% up). This indicates that the estimated listing price could be ₹82 per share.

What is the issue price of White Force IPO?

Ans. White Force IPO price band has been set between ₹72 and ₹76 per share. Retail investors can apply for a minimum of 2 lot consisting of 3,200 shares worth ₹2,43,200. Moreover, HNIs are required to bid for a minimum of 3 lots (4,800 shares) worth ₹3,64,800. 

Who is the registrar of the Crizac IPO?

Ans. Purva Sharegistry India Private Limited is the registrar of the White Force IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the White Force IPO allotment and refund, you can contact Purva Sharegistry India Private Limited at busicomp@vsnl.com or +91-022-23018261/23011676..

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the White Force IPO, download the White Force IPO RHP and White Force IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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