NewsIPOGame Changers Texfab Launches Rs 55-Crore IPO: A Closer Look at the B2B Fabric MarketplaceGame Changers Texfab Launches Rs 55-Crore IPO: A Closer Look at the B2B Fabric Marketplace
Game Changers Texfab, a B2B fabric marketplace operator, has opened its IPO on the BSE SME platform to raise Rs 55 crore. The issue, running from October 28 to 30, offers 53.76 lakh fresh equity shares at a price band of Rs 96-102 per share. The company operates the TradeUNO Fabrics platform, connecting designers, exporters, and garment manufacturers. It reported revenue of Rs 115.59 crore (18% growth) and net profit of Rs 12.07 crore (183% surge) in the last financial year. IPO proceeds will be used for capital expenditure (Rs 15 crore), working capital (Rs 25.50 crore), and general corporate purposes. The listing is scheduled for November 4, with a current grey market premium of 0%.
*this image is generated using AI for illustrative purposes only.
Game Changers Texfab, a B2B fabric marketplace operator, has opened its Initial Public Offering (IPO) on the BSE SME platform. The company aims to raise Rs 55 crore through this public issue, which began on October 28 and will close on October 30. Let's delve into the key details of this IPO and the company's business model.
IPO Details
| Particulars | Details |
|---|---|
| Issue Size | 53.76 lakh fresh equity shares |
| Price Band | Rs 96 - Rs 102 per share |
| Minimum Investment | 2 lots (2,400 shares) |
| Minimum Investment Amount | Rs 2.44 lakh |
| Listing Date | November 4 |
| Listing Platform | BSE SME |
| Grey Market Premium | 0% |
Company Overview
Game Changers Texfab operates a B2B fabric marketplace under the TradeUNO Fabrics platform. The company serves as a crucial link in the textile industry, connecting designers, exporters, and garment manufacturers. In addition to its B2B operations, the company has ventured into the retail space with its brand 'Fall in Love'.
Business Operations
- Manages over 10 sourcing offices across India
- Operates two retail showrooms
Financial Performance
| Metric | FY (Year not specified) |
|---|---|
| Revenue | Rs 115.59 crore (18% growth) |
| Net Profit | Rs 12.07 crore (183% surge) |
IPO Proceeds Allocation
| Purpose | Amount (in Rs crore) |
|---|---|
| Capital Expenditure | 15.00 |
| Working Capital | 25.50 |
| General Corporate Purposes | Remaining funds |
The company plans to use the remaining funds for general corporate purposes, including potential acquisitions to strengthen its business position.
Market Response
The current grey market premium for Game Changers Texfab stands at 0%, indicating a muted pre-listing demand for the IPO. This neutral sentiment suggests that investors are cautiously evaluating the company's prospects and the overall market conditions.
Investors interested in this SME IPO should conduct thorough research and consider factors such as the company's business model, growth prospects, and the competitive landscape of the textile industry before making an investment decision.
Note: The financial year for the reported revenue and profit figures was not specified in the provided information.
18
