Game Changers Texfab SME IPO
ListedBSE SMEOpens 28 October 2025Closes 30 October 2025
Game Changers Texfab Limited is an integrated fabric solutions provider that specializes in sourcing high-quality fabrics, with a focus on women’s wear and technical textiles (like PVC-coated and outdoor fabrics). The…
Game Changers Texfab Limited is an integrated fabric solutions provider that specializes in sourcing high-quality fabrics, with a focus on women’s wear and technical textiles (like PVC-coated and outdoor fabrics). The company operates on an asset-light model, utilizing a network of over 10 sourcing offices and 6 'deemed manufacturing' units (outsourced production). It also focuses on the retail segment through its brands **TradeUNO** (premium fabrics) and **Fall in Love** (ready-made and made-to-measure garments), leveraging a strong online platform featuring over 10,000 fabric designs and in-store customization services. The business strategy is technology-driven, utilizing digital commerce arrangements and designer collaborations to strengthen its position in the textile supply chain.
Show moreShow less
Key ratios
As per RHP / filingsTimeline
IPO Opens
28 Oct 2025
IPO Closes
30 Oct 2025
Allotment
31 Oct 2025
Listing
4 Nov 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 28 October 2025 |
| IPO Close Date | 30 October 2025 |
| Allotment Date | 31 October 2025 |
| Listing Date | 4 November 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,44,800 |
SHNI (Min) | 3 | ₹3,67,200 |
SHNI (Max) | 8 | ₹9,79,200 |
BHNIAbove ₹10,00,000 | 9 | ₹11,01,600 |
IPO Objectives
- Funding capital expenditure for construction/development of new retail stores and an in-house printing facility.
- Funding overall working capital requirements (₹25.50 crore).
- General Corporate Purposes including unidentified inorganic acquisitions.
Strengths
- The company uses a Deemed Manufacturing and Asset-Light Model with 6 outsourced units, which allows for high scalability and low capital investment.
- It achieved a strong financial turnaround, with Profit After Tax (PAT) surging by 183% and PAT margin significantly expanding in FY25.
- The business boasts high return ratios, with RoNW of 80.59% and RoCE of 65.97% in FY25, reflecting efficient use of capital.
- The use of its online platform, TradeUNO, integrates digital commerce, visual search, and virtual try-ons, enhancing customer experience.
- It operates a diversified channel strategy across B2B fabric sourcing and B2C ready-made garments, minimizing reliance on a single market.
Weaknesses
- The company faces high Customer Concentration Risk, with the top 10 clients contributing 71% of sales in FY25.
- It has high Supplier Dependency, as the top 10 suppliers contributed 92% of total purchases, creating significant supply chain risk.
- There is geographical concentration, with the majority of revenue coming from Haryana, exposing the business to regional economic and political risks.
- Despite the asset-light model, the business is working capital intensive, with a large share of the IPO allocated to meeting working capital needs.
- The company's top-line revenue has been inconsistent, with a drop in FY24, raising concerns about its consistent organic growth.
Financial Performance
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 52.25 | 51.32 | 41.37 | 21.82 |
| Revenue (₹ Cr.) | 24.11 | 115.59 | 97.86 | 100.58 |
| PAT (₹ Cr.) | 4.27 | 12.07 | 4.27 | 0.53 |
| Net Worth (₹ Cr.) | 25.27 | 21.01 | 8.94 | 4.67 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Game Changers Texfab | 6.08 | 10.7 | 80.59% | 18.08 |
| T T Limited | 2.26 | -124.63 | -7.71% | 90.17 |
| Bhandari Hosiery | 0.77 | 14.88 | 5.04% | 153.01 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0.06x | 1.01x |
| NII | 0.4x | 0.43x | 1.48x |
| S-HNI | 0.08x | 0.76x | 1.52x |
| B-HNI | 0.57x | 0.26x | 1.46x |
| RII | 0.4x | 0.66x | 1.18x |
| Total | 0.24x | 0.38x | 1.17x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 16,56,000 | 16,66,800 | 17 |
| NII | 7,66,800 | 11,32,800 | 11.55 |
| Small NII | 2,55,600 | 3,88,800 | 3.97 |
| Big NII | 5,11,200 | 7,44,000 | 7.59 |
| RII | 17,88,000 | 21,14,400 | 21.57 |
| Total | 42,10,800 | 49,14,000 | 50.12 |
Company Details
- Game Changers Texfab Ltd.
- 3656-P NO-21, Hathi Khanna, Bahadur Garh Road, Delhi, New Delhi-110006
- +91 8377936803
- compliance@tradeuno.com
- http://www.tradeuno.com/
Registrar Details
- Skyline Financial Services Pvt.Ltd.
- 02228511022
- ipo@skylinerta.com
- https://www.skylinerta.com/ipo.php
Frequently Asked Questions
See live numbers on GMP, Subscription, and Allotment pages.
Game Changers Texfab SME IPO News & Updates
Follow the latest updates for Game Changers Texfab SME IPO, including grey market moves and allotment news.
Game Changers Texfab SME IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Game Changers Texfab SME IPO Details
Issue size, price, financials, and company info
Game Changers Texfab SME IPO GMP
Live grey market premium and listing estimate
Game Changers Texfab SME IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Game Changers Texfab SME IPO Allotment
Allotment date, chances, and check by PAN
Game Changers Texfab SME IPO Review
SWOT, strengths, risks, and IPO review
Game Changers Texfab SME IPO FAQ
Common questions on dates, GMP, and allotment
Game Changers Texfab SME IPO Registrar
Registrar website and how to check allotment
Game Changers Texfab SME IPO Timeline
Open, close, allotment, and listing dates
Game Changers Texfab SME IPO News
Updates, blogs, and latest IPO news
Sources
We match Game Changers Texfab SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Skyline Financial Services Pvt.Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.