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Game Changer Texfab IPO
The Game Changers Texfab IPO is a book-building issue of INR 54.84 cr, which is entirely a fresh issue of 0.54 cr shares. The price band is set at INR 96 to INR 102 per share and the lot size for an application is 1,200. The minimum amount of investment required by an individual investor is INR 2,44,800 (2400 shares). The IPO of Game Changers will open for subscription on Oct 28, 2025 and closes on Oct 30, 2025. The IPO will list on BSE SME with a tentative listing date fixed as November 4, 2025.
Company Background
Game Changer Texfab Ltd. was incorporated in 2015 and is a supply chain orchestration company specialising in the fabric industry. The company offers a variety of fabrics, specialising in women’s wear and technical textiles, including outdoor and PVC-coated fabric, at a competitive price. Game Changer also manages two retail sample stores of fabric that enhance its customer support and build trust among them. It offers over 10,000 designs categorised by fabric type, print, pattern, occasion, colour and specialised collection. Game Changer trades in B2B, B2C and online sales, which doubled their audience.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Game Changer Texfab IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Game Changer Texfab IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 28, 2025 to October 30, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹96 to ₹102 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 53,76,000 shares (aggregating up to ₹54.84 Cr) |
| Reserved for Market Maker | 2,70,000 shares (aggregating up to ₹2.75 Cr) NNM Securities Pvt.Ltd. |
| Net Offered to Public | 51,06,000 shares (aggregating up to ₹52.08 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,25,16,814 shares |
| Share Holding Post Issue | 1,78,92,814 shares |
Game Changer Texfab IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Oct 28, 2025 |
| IPO Close Date | Thu, Oct 30, 2025 |
| Tentative Allotment | Fri, Oct 31, 2025 |
| Initiation of Refunds | Mon, Nov 3, 2025 |
| Credit of Shares to Demat | Mon, Nov 3, 2025 |
| Tentative Listing Date | Tue, Nov 4, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 30, 2025 |
Game Changer Texfab IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,44,800 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,44,800 |
| S-HNI (Min) | 3 | 3,600 | ₹3,67,200 |
| S-HNI (Max) | 8 | 9,600 | ₹9,79,200 |
| B-HNI (Min) | 9 | 10,800 | ₹11,01,600 |
Game Changer Texfab IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 98.67% |
Competitive Strength:
- ⦁ International tie-ups by supplying in B2B.
- ⦁ A digital commerce setup that made designs on demand.
Game Changer Texfab IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 49.70 | 85.88 | 9.14 | 18.08 | 9.65 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 41.37 | 97.86 | 4.27 | 8.94 | 5.54 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 21.82 | 100.58 | 0.53 | 4.67 | 6.46 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 12.20 | 35.14 | 0.15 | 3.39 | 4.76 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 62.73% |
| ROCE | 44.39% |
| Debt/Equity | 0.62 |
| RoNW | 62.73% |
| PAT Margin | 4.36% |
| EBITDA Margin | 6.87% |
| Price to Book Value | 14.29 |
| Market Capitalization | 182.51 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.41 | 6.81 |
| P/E (x) | 29.92 | 14.97 |
Conclusion
Game Changer Texfab IPO offers an opportunity for investors to invest in a growing company that has international tie-ups, deemed manufacturing and e-commerce arrangements with boutique partnerships. IPO proceeds will be used in funding working capital requirements, capital expenditure and general corporate purposes.
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