Game Changers Texfab Makes Subdued Debut on BSE SME Platform

Game Changers Texfab, the operator of the TradeUNO fabric marketplace, made its debut on the BSE SME platform today. The company's initial public offering (IPO) saw a lukewarm response, with the stock expected to list at its issue price of ₹102 per share, given the zero grey market premium.

IPO Subscription Details

The ₹54.84-crore public issue garnered modest interest from investors across categories:

Investor Category	Subscription Rate
Overall	1.17 times
Retail Investors	1.18 times
Non-Institutional	1.48 times
QIBs	1.01 times

Company Overview

Game Changers Texfab operates TradeUNO, a hybrid B2B and B2C fabric marketplace that connects manufacturers, retailers, and designers. The company's recent financial performance has shown promising growth:

Financial Metric	Amount (₹ crore)	Growth
Revenue	115.60	18%
Net Profit	12.07	>100%
EBITDA	18.60	~200%

IPO Details

Issue Price: ₹102 per share
Total Issue Size: ₹54.84 crore
Anchor Investment: ₹9.13 crore (8.95 lakh shares allocated)

Fund Utilization

The company plans to use the IPO proceeds for:

Purpose	Amount (₹ crore)
Capital Expenditure	15.00
Working Capital Requirements	25.50
General Corporate Purposes	8.85

The funds allocated for general corporate purposes may also be used for potential acquisitions.

While the subscription rates indicate moderate investor interest, the flat listing suggests a cautious market sentiment. Investors and market watchers will be keen to observe how Game Changers Texfab leverages its IPO proceeds to fuel growth and strengthen its position in the fabric marketplace sector.

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.