White Force IPO subscription started on Thursday, July 3, 2025, and will close on July 7, 2025, as per the schedule. The price band is set at ₹72 to ₹76 per share with a face value of ₹10.
White Force IPO Subscription Status
White Force IPO subscribed over 0.59x on its second day till 05.00 PM on 4 July 2025.
- White Force IPO subscription QIB investors portion is 0.14x times, while NII subscribed 0.88x times, and RII investors subscribed 0.72x times.
- The company has received bids for 12,00,000 shares against 20,33,600 shares on offer on the second day.
- White Force IPO subscribed over 0.59x on day 2.
- White Force IPO subscribed over 0.38x on day 1.
About White Force IPO
Happy Square Outsourcing Services, founded in April 2017, is one of the growing companies involved in HR outsourcing, focusing on recruitment, payroll, onboarding, and flexible staffing. Based in Jabalpur, Happy Square is a technology-driven company that focuses on tech-based human resource 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. Happy Square offers its products to the Indian and US markets, both helping the various needs of each region for staffing solutions. 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.
White Force IPO Company Financial Report
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.
White Force IPO GMP:
White Force IPO GMP was ₹6 as of Friday, 4th July. That indicates the IPO is trading at ₹82 with a ₹6 premium in the grey market against the issue price of ₹76.
