
Business Services · NSE
Incorporated in April 2017, Happy Square Outsourcing Services operates in the human resources outsourcing industry, offering end-to-end solutions with a strong focus on recruitment, payroll, onboarding, and flexible staffing. The company is ISO 9001:2015 certified and leverages technology-driven approaches to deliver efficient HR services. With operations in both India and the United States, Happy Square caters to region-specific staffing needs by utilizing a vast talent pool and an extensive sourcing network. It acts as a third-party provider for workforce management, supported by robust recruitment and HR capabilities. As of July 31, 2024, the company had deployed 4,225 personnel across various client locations and employed 151 staff members across departments.
Price Band
₹72 – ₹76
Issue Size
₹24.25 Cr
Lot Size
1600 shares
GMP
+6.6%
Est. Listing
₹81
at current GMP
Subscribed
3.27x
overall
Open
3 Jul 2025
Close
7 Jul 2025
Allotment
8 Jul 2025
Refund
9 Jul 2025
Demat Credit
10 Jul 2025
Listing
10 Jul 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹76
Band: ₹72 – ₹76
Estimated Listing Price
₹81
Upper price + GMP
Lot Size
1600 shares
Min investment ₹1,21,600
Estimated Profit / Lot
₹8,000
1600 × ₹5
Grey Market Premium trend
+₹5
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹5 | 6.6% | ₹81 |
| 30 Oct 2026 | +₹5 | 6.6% | ₹81 |
| 29 Oct 2026 | +₹5 | 5.9% | ₹81 |
GMP is unofficial market data. Not a guarantee of listing performance.
Happy Square Outsourcing Services Limited (White Force) is bringing an initial public offering (IPO) in the Business Services sector with an aggregate issue size of ₹24.25 Crores. The shares are offered at a price band of ₹72 to ₹76 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-07-07, the basis of allotment is scheduled to be finalized on 2025-07-08. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Purva Sharegistry India Private Limited) or the BSE allotment checking window.
The latest grey market premium for Happy Square Outsourcing Services Limited (White Force) IPO is ₹5, which indicates an expected listing price of ₹81.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.