Game Changers Texfab SME: Check IPO Date, Live Subscription and Key Details
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.
Key Metrics
Check Live GMP
Timeline
IPO Opens
28 Oct
IPO Closes
30 Oct
Allotment
31 Oct
Listing
4 Nov
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 28 October 2025 | Subscription starts |
| IPO Close Date | 30 October 2025 | Subscription ends |
| Allotment Date | 31 October 2025 | Allotment |
| Listing Date | 4 November 2025 | Listing |
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