Game Changers Texfab IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Oct 28 to Oct 30 2025
Price Band
₹96 - 102
Current GMP
₹104.15(2.11%)
Subscription
1.17 times
IPO Details
| IPO Date | October 28, 2025 to October 30, 2025 |
| Listing Date | November 4, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹96 to ₹102 per share |
| Issue Price Final | ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 53,76,000 shares (aggregating up to ₹54.84 Cr) |
| Reserved for Market Maker | 2,70,000 shares (aggregating up to ₹2.75 Cr)NNM Securities Pvt.Ltd. |
| Net Offered to Public | 51,06,000 shares (aggregating up to ₹52.08 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,25,16,814 shares |
| Share Holding Post Issue | 1,78,92,814 shares |
IPO Date
October 28, 2025 to October 30, 2025
Listing Date
November 4, 2025
Face Value
₹10 per share
Issue Price Band
₹96 to ₹102 per share
Issue Price Final
₹102 per share
Lot Size
1,200 Shares
Sale Type
Fresh Capital
Total Issue Size
53,76,000 shares (aggregating up to ₹54.84 Cr)
Reserved for Market Maker
2,70,000 shares (aggregating up to ₹2.75 Cr)NNM Securities Pvt.Ltd.
Net Offered to Public
51,06,000 shares (aggregating up to ₹52.08 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
1,25,16,814 shares
Share Holding Post Issue
1,78,92,814 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 1.01 |
| Non-Institutional Buyers*** | 1.48 |
| bNII (bids above ₹10L) | 1.46 |
| sNII (bids below ₹10L) | 1.52 |
| Individual Investors (IND category bidding for 2 Lots) | 1.18 |
| Total ** | 1.17 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
1.01
Non-Institutional Buyers***
1.48
bNII (bids above ₹10L)
1.46
sNII (bids below ₹10L)
1.52
Individual Investors (IND category bidding for 2 Lots)
1.18
Total **
1.17
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Oct 28, 2025 | 0.00 | 0.40 | 0.57 | 0.08 | 0.40 | 0.24 |
| Day 2 Oct 29, 2025 | 0.06 | 0.43 | 0.26 | 0.76 | 0.66 | 0.38 |
| Day 3 Oct 30, 2025 | 1.01 | 1.48 | 1.46 | 1.52 | 1.18 | 1.17 |
DayDay 1
Oct 28, 2025
QIB (Ex Anchor)0.00
NII*0.40
NII (> ₹10L)0.57
NII (< ₹10L)0.08
Individual Investors0.40
Total0.24
DayDay 2
Oct 29, 2025
QIB (Ex Anchor)0.06
NII*0.43
NII (> ₹10L)0.26
NII (< ₹10L)0.76
Individual Investors0.66
Total0.38
DayDay 3
Oct 30, 2025
QIB (Ex Anchor)1.01
NII*1.48
NII (> ₹10L)1.46
NII (< ₹10L)1.52
Individual Investors1.18
Total1.17
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 04-11-2025 | 102.00 | 0(0.00%) | 102 |
| 03-11-2025 | 102.00 | 0(0.00%) | 102 |
| 01-11-2025 | 102.00 | 0(0.00%) | 102 |
| 31-10-2025 | 102.00 | 0(0.00%) | 102 |
| 30-10-2025 | 102.00 | 0(0.00%) | 102 |
| 29-10-2025 | 102.00 | 0(0.00%) | 102 |
| 28-10-2025 | 102.00 | 0(0.00%) | 102 |
| 27-10-2025 | 102.00 | 0(0.00%) | 102 |
| 26-10-2025 | 102.00 | 0(0.00%) | 102 |
| 25-10-2025 | 102.00 | 0(0.00%) | 102 |
| 24-10-2025 | 102.00 | 0(0.00%) | 102 |
| 23-10-2025 | 102.00 | 0(0.00%) | 102 |
| 22-10-2025 | 102.00 | 0(0.00%) | (0.00%) |
| 21-10-2025 | 102.00 | 0(0.00%) | (0.00%) |
| 20-10-2025 | 0(%) | (%) |
Date04-11-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date03-11-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date01-11-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date31-10-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date30-10-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date29-10-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date28-10-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date27-10-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date26-10-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date25-10-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date24-10-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date23-10-2025
Price102.00
GMP0(0.00%)
Estimate List Price102
Date22-10-2025
Price102.00
GMP0(0.00%)
Estimate List Price(0.00%)
Date21-10-2025
Price102.00
GMP0(0.00%)
Estimate List Price(0.00%)
Date20-10-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Tue, Oct 28, 2025 |
| IPO Close Date | Thu, Oct 30, 2025 |
| Tentative Allotment | Fri, Oct 31, 2025 |
| Initiation of Refunds | Mon, Nov 3, 2025 |
| Credit of Shares to Demat | Mon, Nov 3, 2025 |
| Tentative Listing Date | Tue, Nov 4, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 30, 2025 |
IPO Open Date
Tue, Oct 28, 2025
IPO Close Date
Thu, Oct 30, 2025
Tentative Allotment
Fri, Oct 31, 2025
Initiation of Refunds
Mon, Nov 3, 2025
Credit of Shares to Demat
Mon, Nov 3, 2025
Tentative Listing Date
Tue, Nov 4, 2025
Cut-off time for UPI mandate confirmation
5 PM on Thu, Oct 30, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,44,800 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,44,800 |
| S-HNI (Min) | 3 | 3,600 | ₹3,67,200 |
| S-HNI (Max) | 8 | 9,600 | ₹9,79,200 |
| B-HNI (Min) | 9 | 10,800 | ₹11,01,600 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,44,800
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,44,800
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,67,200
ApplicationS-HNI (Max)
Lots8
Shares9,600
Amount₹9,79,200
ApplicationB-HNI (Min)
Lots9
Shares10,800
Amount₹11,01,600
Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 52.25 | 51.32 | 41.37 |
| Total Income | 24.11 | 115.59 | 97.86 |
| Profit After Tax | 4.27 | 12.07 | 4.27 |
| EBITDA | 6.05 | 18.59 | 6.73 |
| NET Worth | 25.27 | 21.01 | 8.94 |
| Reserves and Surplus | 12.76 | 8.49 | 8.90 |
| Total Borrowing | 9.88 | 5.66 | 5.54 |
Period EndedPeriod Ended
30 Jun 202530 Jun 2025
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
30 Jun 202552.25
31 Mar 202551.32
31 Mar 202441.37
Period EndedTotal Income
30 Jun 202524.11
31 Mar 2025115.59
31 Mar 202497.86
Period EndedProfit After Tax
30 Jun 20254.27
31 Mar 202512.07
31 Mar 20244.27
Period EndedEBITDA
30 Jun 20256.05
31 Mar 202518.59
31 Mar 20246.73
Period EndedNET Worth
30 Jun 202525.27
31 Mar 202521.01
31 Mar 20248.94
Period EndedReserves and Surplus
30 Jun 202512.76
31 Mar 20258.49
31 Mar 20248.90
Period EndedTotal Borrowing
30 Jun 20259.88
31 Mar 20255.66
31 Mar 20245.54
Peers Comparison
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|
| Game Changers Texfab Limited | 9.64 | 16.78 | 80.59 | ||
| T T Limited | 0.19 | 0.18 | 54.79 | 0.05 | |
| Bhandari Hosiery limited | 0.32 | 20.57 | 15.19 | 6.10 |
Company NameGame Changers Texfab Limited
EPS (Basic)9.64
NAV (per share) (Rs)16.78
P/E (x)
RoNW (%)80.59
Financial statements
Company NameT T Limited
EPS (Basic)0.19
NAV (per share) (Rs)0.18
P/E (x)54.79
RoNW (%)0.05
Financial statements
Company NameBhandari Hosiery limited
EPS (Basic)0.32
NAV (per share) (Rs)20.57
P/E (x)15.19
RoNW (%)6.10
Financial statements
IPO Reservation
| Market Maker Shares Offered | 2,70,000 (5.02%) |
| QIB Shares Offered | 25,51,200 (47.46%) |
| − Anchor Investor Shares Offered | 8,95,200 (16.65%) |
| − QIB (Ex. Anchor) Shares Offered | 16,56,000 (30.80%) |
| NII (HNI) Shares Offered | 7,66,800 (14.26%) |
| − bNII > ₹10L | 5,11,200 (9.51%) |
| − sNII < ₹10L | 2,55,600 (4.75%) |
| Retail Shares Offered | 17,88,000 (33.26%) |
| Total Shares Offered | 53,76,000 (100.00%) |
Market Maker Shares Offered
2,70,000 (5.02%)
QIB Shares Offered
25,51,200 (47.46%)
− Anchor Investor Shares Offered
8,95,200 (16.65%)
− QIB (Ex. Anchor) Shares Offered
16,56,000 (30.80%)
NII (HNI) Shares Offered
7,66,800 (14.26%)
− bNII > ₹10L
5,11,200 (9.51%)
− sNII < ₹10L
2,55,600 (4.75%)
Retail Shares Offered
17,88,000 (33.26%)
Total Shares Offered
53,76,000 (100.00%)
Information about company
Incorporated in 2015, TradeUNO Fabrics is engaged in the B2B marketplace for fabrics and is powered by Game Changers Texfab Pvt. Ltd., a supply chain orchestration company specializing in the fabric industry.
The company specializes in sourcing high-quality fabrics based on customer specifications, selecting suppliers, negotiating prices, and ensuring fabric quality and sustainability for textile production.
The company offers a variety of fabrics, specializing in women's wear and technical textiles, including outdoor and PVC-coated fabrics for applications like awnings, furniture upholstery, tarpaulins, sports goods, and tents.
The company manages over 10 sourcing offices, providing daily and premium fabrics at competitive prices. It also operates two retail stores that serve as sampling centers for fabrics and garments.
Product Portfolio: The company offers over 10,000 designs categorized by fabric type, print, pattern, occasion, color, and specialized collections.
Cotton Fabrics, Silk Fabrics, Satin fabrics, Print and Pattern, Specialized collection (Self-branded), Occasion fabric, Apparel and Accessories.
Business Segment:
B2B Segment: The company helps businesses source fabrics in small quantities, consolidating orders to meet MOQ requirements. It partners with garment manufacturers, designers, and export houses to provide premium fabrics from 10 sourcing offices.
B2C Segment: The company addresses the demand for personalized, high-quality fabrics by offering tailored fabric selections under the "TradeUNO" brand, with new collections launched weekly for individual customers seeking comfort and style.
Made to measure sale of garment under ‘Fall in Love’ brand: The company now offers Made-to-Measure garments with customization services, including embroidery and embellishments. It also provides a vast database of suppliers and value-added service providers for unique, high-quality products.
Online Sales: The company connects with a diverse audience through its e-commerce platform, tradeuno.com, offering quality fabrics, customization, and personalized services under the "TradeUNO" and "Fall in Love" brands.
Competitive Strengths:
Deemed Manufacturing
International Tie-ups
Technology Integration
Designer On-boarding Initiative
Digital Commerce Arrangements
Boutique Partnerships
Objectives of IPO
The Company Game Changers Texfab IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding capital expenditure
15.00
2
Funding overall working capital requirements
25.50
3
General Corporate Purposes including unidentified inorganic acquisitions
8.85
Disclaimer
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