White Force SME IPO Subscription
ListedUpdated 10 July 2025, 9:15 AM IST· NSE SME
White Force SME IPO subscription closed on 7 July 2025 at 3.58x overall by shares. QIB demand came in at 7.16x, NII at 2.24x, and retail at 2.11x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 8 July 2025. Listing date on NSE and BSE is 10 July 2025.
White Force SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 3 Jul 2025 | 0.00x | 0.94x | 0.37x | 0.39x |
| Day 2 - 4 Jul 2025 | 0.14x | 0.88x | 0.72x | 0.59x |
| Day 3 - 7 Jul 2025 | 7.16x | 2.24x | 2.11x | 3.57x |
White Force SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
White Force SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 2.11x (shares) | Updating soon |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the White Force SME IPO Allotment Status page from 8 July 2025 for your result.
White Force SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 76.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 4.40 Cr | Rs 31.52 Cr | 7.16x |
| NII | Rs 3.32 Cr | Rs 7.43 Cr | 2.24x |
| IND | Rs 7.73 Cr | Rs 16.29 Cr | 2.11x |
| Total | Rs 15.46 Cr | Rs 55.24 Cr | 3.57x |
What Do These Subscription Numbers Mean?
3.58x overall by shares means bids covered about 4 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 7.16x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (2.24x by shares). SHNI and BHNI allotment is by lottery.
Retail at 2.11x by shares. Exact lottery chances need application data.
White Force SME IPO GMP After Subscription
GMP for White Force SME stands at Rs 5.00 today, giving an estimated listing price of Rs 81.00 per share.
A subscription of 3.58x combined with a GMP of 6.58% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the White Force SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
White Force SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 3 July 2025 |
| IPO Close Date | 7 July 2025 |
| Allotment Date | 8 July 2025 |
| Refund Initiation | 9 July 2025 |
| Share Credit to Demat | 9 July 2025 |
| Listing Date | 10 July 2025 |
| Minimum Investment | Rs 2,43,200.00 |
| Lot Size | 1600 shares |
About White Force SME
Happy Square Outsourcing Services Limited, operating under the brand 'White Force', is a technology-based human resource outsourcing (HRO) and consulting firm. The company offers a comprehensive range of HR services, including workforce planning, recruitment and selection, payroll management, onboarding, and flexible staffing solutions. Their offerings are categorized into General Staffing (Flexi staffing and High-end solutions), Industrial Staffing, Apprentice Staffing, Payroll Management, Compliance Management, and Recruitment Process Outsourcing (RPO) for permanent recruitment.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
White Force SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
White Force SME Details
Issue size, price, financials, and company info
White Force SME GMP
Live grey market premium and listing estimate
White Force SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
White Force SME Allotment
Allotment date, chances, and check by PAN
White Force SME Review
SWOT, strengths, risks, and IPO review
White Force SME FAQ
Common questions on dates, GMP, and allotment
White Force SME Registrar
Registrar website and how to check allotment
White Force SME Timeline
Open, close, allotment, and listing dates
White Force SME News
Updates, blogs, and latest IPO news
White Force SME IPO Subscription FAQs
What is White Force SME IPO subscription status today?
White Force SME IPO subscription closed on 7 July 2025 with overall subscription of 3.58x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 7.16x, NII 2.24x, IND 2.11x.
What is the overall subscription of White Force SME IPO?
White Force SME IPO is subscribed 3.58x overall by shares at close on 7 July 2025. QIB 7.16x, NII 2.24x, and IND 2.11x.
What is White Force SME IPO QIB subscription?
White Force SME IPO QIB (Qualified Institutional Buyers) subscription is 7.16x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is White Force SME IPO IND subscription?
White Force SME IPO IND subscription is 2.11x by shares. Retail bids are up to Rs 2 lakh per PAN.
What is White Force SME IPO NII, SHNI, and BHNI subscription?
White Force SME IPO NII subscription is 2.24x by shares. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) and BHNI (above Rs 10L).
What are White Force SME IPO retail allotment chances?
White Force SME IPO retail share subscription is 2.11x. Application data is needed for exact lottery chances.
What are White Force SME IPO SHNI allotment chances?
White Force SME IPO SHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
What are White Force SME IPO BHNI allotment chances?
White Force SME IPO BHNI allotment chances depend on final application subscription. Allotment is by lottery when oversubscribed.
When is White Force SME IPO allotment date?
White Force SME IPO allotment date is 8 July 2025. Check White Force SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does White Force SME IPO subscription close?
White Force SME IPO subscription closed on 7 July 2025. No new applications are accepted after the close.
What is White Force SME IPO GMP today?
White Force SME IPO GMP is ₹5 today (+6.58% over issue price ₹76). See live GMP on the White Force SME IPO GMP Today page.
What is White Force SME IPO issue price and lot size?
White Force SME IPO issue price is ₹76 per share. Lot size is 1600 shares. Minimum investment is ₹2,43,200 per lot (minimum 2 lots for SME). Issue size: ₹22.06 Cr.
When is White Force SME IPO listing date?
White Force SME IPO listing date is 10 July 2025 on NSE and BSE. Allotment is on 8 July 2025.
How does subscription affect White Force SME IPO allotment?
In White Force SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 3.58x overall, competition is moderate.
For allotment results from 8 July 2025, visit the White Force SME IPO Allotment Status page. For listing day updates on 10 July 2025, download the IPOwiz App.
Sources
We match White Force SME 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
- IPO RegistrarRegistrar details are on the allotment page 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 subscription data before it goes live.