The allotment status for Happy Square Outsourcing Services SME IPO has been finalized today, Tuesday, July 8, 2025, following strong investor interest across categories. Investors who applied for the IPO can now check their allotment status through the registrar, Purva Sharegistry India, or by visiting the NSE website.
According to the IPO schedule, equity shares will be credited to the demat accounts of successful applicants on Wednesday, July 9. For those who were not allotted shares, refunds will be initiated on the same day.
Happy Square Outsourcing Services is all set to list its equity shares on the NSE SME platform on Thursday, July 10, 2025.
Allotment Status via Registrar
Investors can check the Happy Square IPO allotment by visiting the official website of Purva Sharegistry India. Select the IPO name and enter either your PAN, application number, or DP/Client ID along with the captcha code to view the status.
Alternative via NSE Website
Applicants can also go to the NSE website, navigate to the ‘Equity’ section under ‘Status of Issue Application’, and enter their credentials to access the allotment details.
IPO Timeline
The IPO was open for subscription from July 3 to July 7, 2025, and saw strong demand across all investor segments.
Issue Size & Structure
Happy Square Outsourcing Services aims to raise ₹24.25 crore through this public offering. The IPO consists entirely of a fresh issue of 31.90 lakh equity shares, with no offer-for-sale (OFS) component.
Price Details
The IPO was priced at ₹76 per share, offering investors a chance to participate in the SME segment with a promising business model.
For retail investors, the lot size was fixed at 1,600 shares, with a minimum investment of ₹2,30,400 for two lots (3,200 shares). High net-worth individuals (HNIs) were required to invest at least ₹3,64,800 for three lots (4,800 shares).
The Happy Square Outsourcing IPO received a strong response, with an overall subscription of 3.58 times. A total of 72.84 lakh shares were bid for, against the 20.33 lakh shares available. The retail portion was subscribed 2.12 times, NIIs 2.24 times, and QIBs led the interest with a 7.16 times subscription.
The company plans to use the IPO proceeds mainly for working capital requirements and general corporate purposes. Ahead of the public issue, it raised ₹6.60 crore from anchor investors on July 2. Corpwis Advisors Pvt. Ltd. is acting as the book-running lead manager, while Giriraj Stock Broking Pvt. Ltd. serves as the market maker.
Incorporated in April 2017, Happy Square Outsourcing Services is a tech-based HR outsourcing company offering services like recruitment, payroll, onboarding, and flexible staffing. Operating in both India and the U.S., the company leverages technology to deliver efficient staffing solutions. As per the grey market trend, the IPO was commanding a GMP of ₹5, indicating a likely listing at ₹81, a 6.58% premium over the issue price.
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