White Force IPO Allotment Status

How to Check White Force IPO Allotment Status?

White Force (Happy Square Outsourcing Services Limited), incorporated in April 2017, specializes in HR outsourcing focusing on recruitment, payroll, onboarding, and flexible staffing through tech-based human resource outsourcing business providing end-to-end solutions, operating as ISO 9001:2015 certified company utilizing large talent pool to meet staffing needs for businesses in India and US with emphasis on technology-based solutions and comprehensive network to source qualified candidates, acting as third-party provider for workforce management through robust recruitment and HR capabilities, deploying 4,225 personnel at various locations for clients with 151 department employees as of July 31, 2024.

The White Force IPO comes with a total issue size of ₹24.25 crore, comprising entirely a fresh issue of 31.90 lakh shares. The IPO opened on July 3, 2025, and closed on July 7, 2025. The allotment for the Happy Square Outsourcing IPO is expected to be finalized on Tuesday, July 8, 2025. The Happy Square Outsourcing share price is set at ₹72-₹76 per share.

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Steps to Check White Force IPO Allotment Status on Registrar Site

• Visit the Purva Sharegistry India Pvt Ltd website
• Select "Happy Square Outsourcing IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check White Force IPO Allotment Status on NSE SME

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Happy Square Outsourcing IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

White Force IPO Subscription Status

White Force (Happy Square Outsourcing) IPO received moderate investor interest, being subscribed 3.58 times overall. The subscription showed varied confidence across different categories in the Happy Square Outsourcing stock price potential. Here is a category-wise breakdown of the subscription as of 5:15:00 PM on July 7, 2025:

• Retail Category: 2.12 times
• Qualified Institutional Buyers (QIB): 7.16 times
• Non-Institutional Investors (NII): 2.24 times

White Force Share Price and Investment Details

The White Force stock price is set at ₹72-₹76 per share with a minimum lot size of 1,600 shares. The minimum investment required for individual investors is ₹2,43,200 (2 lots mandatory), while sNII investors need ₹3,64,800 minimum and bNII investors need ₹10,94,400 minimum. Given the moderate subscription response of 3.58 times overall, with strong QIB response of 7.16 times but modest individual investor response of 2.12 times, the Happy Square Outsourcing share price is expected to list with modest premium.

Utilisation of IPO Proceeds
 

The funds raised through the IPO will be utilised as follows:

• Working Capital Requirements: ₹19.00 crore
• General Corporate Purposes: Supporting various business initiatives

Business Overview

The company operates in tech-based staffing and consultancy business, posting growth in top and bottom lines for reported periods while operating in highly competitive and fragmented segment. Happy Square Outsourcing operates primarily in the HR outsourcing sector, providing comprehensive workforce management solutions through customer satisfaction and long-standing relationships, experienced promoter and management expertise, scalable business model, catering to diversified industrial verticals, and strong financial position with good track record. The company's competitive strengths include customer satisfaction with long-standing client relationships, experienced promoter and management expertise in HR domain, scalable business model supporting growth, diversified industrial vertical coverage reducing dependency risks, and strong financial position with consistent performance track record, serving staffing and recruitment markets in India and US through established operational capabilities and technology-driven approach with focus on end-to-end HR solutions and workforce management services.