On the last day, the White Force IPO subscribed 3.58 times, the retail quota was subscribed 2.12 times, QIB was subscribed 7.16 times, and the NII quota was subscribed 2.24 times, respectively.
Details About White Force IPO
White Force got approval from SEBI for an IPO of ₹24.25 crores. In this IPO, a fresh issue of ₹24.25 crores with no Offer-for-sale component, with a face value of ₹10 each. Moreover, the company has set up a price band between ₹72 to ₹76 per share.
In this IPO, a total of 1600 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category. While S-HNI (Min) total of 3,200 shares in a 2-lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹1,21,600 and maximum investment of ₹1,21,600.
- Small HNI (S-HNI): Minimum investment of ₹2,43,200.
Subscription duration of the White Force IPO
White Force’s IPO opening date was July 3, 2025, and the closing date was July 7, 2025.
The allotment of White Force was finalized on July 8, 2025, while the IPO listing is on July 10, 2025.
Funds Deployment of This Company
- Funding of the working capital requirements of the Company
- General corporate purposes
About White Force IPO
Incorporated in April 2017, Happy Square Outsourcing Services is one of the leading companies focusing on HR outsourcing, with a focus on recruitment, payroll, onboarding, and flexible staffing. It is a technology-driven company based in Jabalpur, involved in tech-based human resources outsourcing, offering complete end-to-end solutions. Having over 10 years of experience in the staffing industry, Shraddha Rajpal and Nalini Rajpal have an aim to create an integrated staffing company and play a key role in the growth and shaping the values of their company. The company has 4225 personnel deployed at various locations for its clients as of July 31, 2024. Moreover, the company includes 151 department employees as of July 31, 2024. Happy Square offers its products to the Indian and US markets, both helping the various needs of each region for staffing solutions.
Financial Background of White Force IPO
The company reported revenue of ₹97.68 crores in 2025 against ₹69.54 crores in 2024. The company reported a profit of ₹5.90 crores in 2025 against a profit of ₹4.39 crores in 2024.
