Game Changers Texfab is coming up with its SME IPO, opening for subscription on 28 October 2025 and closing on 30 October 2025. Investors are especially watching this issue because the company has shown strong revenue and profit growth over the last three years.
The allotment will be finalized on 31 October 2025 and the shares will list on the BSE SME platform on 4 November 2025. The IPO is a Book Built Issue worth around ₹54.84 crore, fully consisting of a fresh issue. The price band is ₹96 to ₹102 per share.
Contents
Game Changers Texfab IPO Key Details
| Detail | Information |
|---|---|
| IPO Open Date | 28 October 2025 |
| IPO Close Date | 30 October 2025 |
| Basis of Allotment | 31 October 2025 |
| Refunds | 3 November 2025 |
| Credit to Demat | 3 November 2025 |
| Listing Date | 4 November 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹96 to ₹102 per share |
| Issue Size | ₹54.84 crore (Fresh issue only) |
| Issue Type | Book Built Issue |
| Listing | BSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
| IPO Cut-off Time | 30 October 2025, 5 PM |
Game Changers Texfab IPO
Open: 28-30 Oct
Issue Size: ₹54.84 Cr.
Objective: Fund capital spending, working capital, and general business needs.
Exchange: BSE SME
Game Changers Texfab IPO Review
Game Changers Texfab has shown strong financial growth, improving profits, and a healthy balance sheet over the last three years. With over 10,000 fabric designs and a deep supplier network, the company has built a clear niche in the fabric supply chain segment.
The valuation looks attractive given the high ROE and ROCE, although the entry ticket for retail investors is slightly high due to the larger lot size. Overall, the IPO may appeal mainly to long-term investors who believe in the company’s expanding product range and operational strength.
Market Lot and Minimum Investment
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,44,800 |
| Retail Maximum | 2 | 2,400 | ₹2,44,800 |
| S-HNI Minimum | 3 | 3,600 | ₹3,67,200 |
Minimum lot size is 2,400 shares, making the entry amount ₹2,44,800 for retail investors.
Game Changers Texfab IPO Reservation
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Anchor Investors | 8,95,200 | 16.65% |
| QIB (Ex-Anchor) | 16,56,000 | 30.80% |
| NII | 7,66,800 | 14.26% |
| Retail | 17,88,000 | 33.26% |
Anchor Investors
| Detail | Information |
|---|---|
| Anchor Bidding Date | 27 October 2025 |
| Anchor Investors List | View PDF |
| Anchor Shares Offered | 8,95,200 shares |
| Anchor Book Size | ₹9.13 crore |
| Lock-in (50% – 30 days) | 30 November 2025 |
| Lock-in (50% – 90 days) | 29 January 2026 |
Promoters and Shareholding Pattern
| Particulars | Shares | Percentage |
|---|---|---|
| Promoter Holding (Pre-Issue) | 1,25,16,814 | 98.67% |
| Promoter Holding (Post-Issue) | 1,78,92,814 | 69.02% |
Promoters include Ankur Aggarwal, Sanjeev Goel, and Force Multiplier ECommerce Pvt. Ltd.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Working capital requirements | 25.50 |
| Capital expenditure | 15.00 |
| General corporate purposes | NA |
About Game Changers Texfab
Founded in 2015, Game Changers Texfab is a supply chain orchestration company in the fabric industry. It offers women’s wear fabrics and technical textiles like PVC-coated fabrics, outdoor fabrics, upholstery, tarpaulins, sports goods, tents, and more.
The company has:
• More than 10,000 fabric designs
• Over 500 suppliers
• A presence across 10 offices
• 30 employees (as of 31 December 2024)
Its product range includes cotton, silk, satin, printed fabrics, occasion wear, self-branded collections, and various apparel accessories.
- Also Read: Orkla India IPO
Financial Performance
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹100.58 cr | ₹99.97 cr | ₹0.53 cr | ₹21.82 cr |
| 2024 | ₹97.86 cr | ₹92.15 cr | ₹4.27 cr | ₹41.37 cr |
| 2025 | ₹115.59 cr | ₹99.44 cr | ₹12.07 cr | ₹51.32 cr |
| June 2025 | ₹24.11 cr | ₹18.69 cr | ₹4.27 cr | ₹52.25 cr |
The company has shown consistent improvement in profit margins and revenue, which may attract long-term investors.
Game Changers Texfab IPO Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | 80.59% |
| ROCE | 65.97% |
| EBITDA Margin | 16.09% |
| PAT Margin | 10.44% |
| Debt-to-Equity | 0.27 |
| EPS (Basic) | ₹9.64 |
| P/E Ratio | Not Applicable |
| NAV | ₹16.78 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| T T Limited | 0.19 | 54.79 | 0.05% | 0.18 | NA |
| Bhandari Hosiery | 0.32 | 15.19 | 6.10% | 20.57 | NA |
Game Changers Texfab appears stronger in profitability metrics compared to peers.
Lead Manager
Corpwis Advisors Pvt. Ltd.
Company Contact
Game Changers Texfab Ltd.,
3656-P No-21,
Hathi Khanna,
Bahadur Garh Road,
Delhi – 110006
Phone: +91 8377936803
Email: compliance@tradeuno.com
Website: tradeuno.com
IPO Registrar
Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: skylinerta.com/ipo.php
Game Changers Texfab IPO FAQs
What is Game Changers Texfab IPO?
It is an SME IPO on BSE SME, aiming to raise ₹54.84 crore at a price band of ₹96 to ₹102 per share.
When does the IPO open?
It opens on 28 October 2025 and closes on 30 October 2025.
What is the investor quota?
QIB: 50%, NII: 15%, Retail: 35%.
How can investors apply?
You can apply through ASBA via your bank or using UPI with your stockbroker. Offline forms are also available.
What is the lot size?
Minimum lot size is 2,400 shares costing ₹2,44,800.
What is the allotment date?
31 October 2025.
When will the IPO list?
4 November 2025 on BSE SME.
Expert Comment
From an expert viewpoint, Game Changers Texfab IPO stands out because of its sharp improvement in profitability and strong return ratios. The business model is asset-light and supported by a well-diversified supplier ecosystem.
However, SME listings usually carry higher volatility post-listing, so investors must assess their risk appetite before subscribing. Those looking for long-term value and consistent financial growth may find this issue suitable
