Game Changers Texfab Limited
Bookbuilding IPO · BSE
- Price band
- ₹96 - ₹102
- Lot size
- 1,200 shares
- Issue amount
- ₹54.84 cr
- Total subscription
- 1.45×
- Opens
- 28 Oct 2025
- Closes
- 30 Oct 2025
- Allotment
- 31 Oct 2025
- Listing
- 4 Nov 2025
Offer at a glance
Issue overview
- Issue size
- 53,76,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,15,200
- Fresh issue
- ₹54.84 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Ltd
- Listing exchange
- BSE
- Maximum investment
- ₹2,44,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,25,16,814
- Shares after issue
- 1,78,92,814
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 1,200 | ₹2,44,800 |
| sHNI | 3 | 3,600 | ₹3,67,200 |
| bHNI | 9 | 10,800 | ₹11,01,600 |
Share reservation
Subscription & GMP
Subscription by category
Reported 30 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 7 |
| NIB | 0 | 143 |
| RETAIL | 745 | 1,049 |
| HNIs(10L +) | 142 | 57 |
| HNIs (2-10L) | 71 | 86 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 10.42 | 17 |
| FIIs | 0 | 9.01 |
| Others | 0 | 7.99 |
| RETAIL | 18.24 | 21.59 |
| HNIs 2+ | 2.61 | 3.97 |
| HNIs 10+ | 5.21 | 10.34 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0 | 0 | 0 | 0 |
| ROE | 18.48 | 80.59 | 62.73 | 13.08 |
| ROCE | 16.35 | 65.97 | 44.39 | 11.01 |
| Debt/ Equity | 0.39 | 0.27 | 0.62 | 1.38 |
| PRE IPO(PE) | 0 | 10.58 | 0 | 0 |
| POST IPO(PE) | 10.7 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Game Changers Texfab Limited | 0 | 0 | 10 | 16.78 | 80.59 | 9.64 |
| T T Limited | 54.79 | 0 | 1.00 | 0.18 | 0.05 | 0.19 |
| Bhandari Hosiery E x p o r t s Limited | 15.19 | 0 | 1.00 | 20.57 | 6.1 | 0.32 |
Company information
Company profile
TradeUNO Fabrics is a B2B fabric marketplace, founded in 2015 and powered by Game Changers Texfab Pvt. Ltd., a company specializing in textile supply chain management. It focuses on sourcing high-quality fabrics for customers, managing supplier selection, pricing, and quality checks to ensure sustainable production. The company offers a wide range of fabrics, including cotton, silk, satin, and technical textiles like PVC-coated materials for awnings, upholstery, tarpaulins, sports goods, and tents. TradeUNO operates 10+ sourcing offices in key textile hubs and 2 retail stores that serve as sampling centers. Its portfolio includes 10,000+ designs, ranging from prints and patterns to occasion-based and premium collections. Through its IPO, the company aims to fund working capital (₹25.50 crore), capital expenditure (₹15.00 crore), and general corporate purposes, including potential acquisitions.
Strengths
- Asset-Light Manufacturing Efficiency: Operates six deemed manufacturing units, ensuring cost-effectiveness, consistent quality, and scalable growth with minimal capital outlay.
- Global Collaboration Strength: Strategic partnerships with two international firms enable access to advanced technical fabrics, broadening the product portfolio and boosting competitiveness.
- Technology-Driven Customer Experience: Utilizes AI-based tools like visual search, size recommendation, and virtual try-on to enhance personalization and improve buyer engagement.
Risk factors
- Reliance on Short-Term Orders: The business depends mainly on purchase orders without long-term contracts, making revenue vulnerable to fluctuations in order volumes.
- Operational Disruption Risk: Any breakdown, labor unrest, or unforeseen disruption at deemed manufacturing units could hamper production and financial stability.
- Evolving Consumer Preferences: Sudden changes in customer tastes or adverse feedback on product quality may negatively affect brand reputation and sales performance.
Promoters
Mr. Ankur Aggarwal
Mr. Sanjeev Goel
Force Multiplier ECommerce Private Limited
Registrar & documents
Lead manager
Corpwis Advisors Private Limited
Registrar & contacts
Skyline Financial Services Private Ltd
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
3656-P NO-21, Hathi Khanna, Bahadur Garh Road, Delhi, New Delhi, 110006
+91 8377936803
[email protected]Company website ↗Understanding TRADEUNO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.