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Game Changers Texfab IPO
Price Band
₹96.0–102.0
Issue Size
₹54.84 Cr
Lot Size
1,200 shares
Min Investment
₹244,800
2 LOTS MIN
GMP
—
Issue Price
₹102.0
Game Changers Texfab IPO AI Summary
- Game Changers Texfab IPO is listed on BSE SME in the Other Textile Products sector.
- Price band: ₹96.0–₹102.0 per share, lot size 1,200 shares (min. investment ₹244,800, 2 lots minimum).
- Subscription window: 28 Oct–30 Oct 2025, listing on 04 Nov 2025.
Game Changers Texfab is an SME operating in the textile industry, focusing on high-quality fabric sourcing and customization. With a strong B2B and B2C presence, the company is positioned for growth, though investors should consider the inherent risks and market conditions before investing.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Game Changers Texfab IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Oct 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Game Changers Texfab IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2015, TradeUNO Fabrics is engaged in the B2B marketplace for fabrics and is powered by Game Changers Texfab Pvt. Ltd., a supply chain orchestration company specializing in the fabric industry. The company specializes in sourcing high-quality fabrics based on customer specifications, selecting suppliers, negotiating prices, and ensuring fabric quality and sustainability for textile production. The company offers a variety of fabrics, specializing in women's wear and technical textiles, including outdoor and PVC-coated fabrics for applications like awnings, furniture upholstery, tarpaulins, sports goods, and tents. The company manages over 10 sourcing offices, providing daily and premium fabrics at competitive prices. It also operates two retail stores that serve as sampling centers for fabrics and garments. Product Portfolio: The company offers over 10,000 designs categorized by fabric type, print, pattern, occasion, color, and specialized collections. Cotton Fabrics, Silk Fabrics, Satin fabrics, Print and Pattern, Specialized collection (Self-branded), Occasion fabric, Apparel and Accessories. Business Segment: B2B Segment: The company helps businesses source fabrics in small quantities, consolidating orders to meet MOQ requirements. It partners with garment manufacturers, designers, and export houses to provide premium fabrics from 10 sourcing offices. B2C Segment: The company addresses the demand for personalized, high-quality fabrics by offering tailored fabric selections under the "TradeUNO" brand, with new collections launched weekly for individual customers seeking comfort and style. Made to measure sale of garment under ‘Fall in Love’ brand: The company now offers Made-to-Measure garments with customization services, including embroidery and embellishments. It also provides a vast database of suppliers and value-added service providers for unique, high-quality products. Online Sales: The company connects with a diverse audience through its e-commerce platform, tradeuno.com, offering quality fabrics, customization, and personalized services under the "TradeUNO" and "Fall in Love" brands. Competitive Strengths: Deemed Manufacturing International Tie-ups Technology Integration Designer On-boarding Initiative Digital Commerce Arrangements Boutique Partnerships
Company Financials (₹ Cr)
As of 2025-06-30
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 52.25 | 51.32 | 41.37 | 21.82 |
| Total Income | 24.11 | 115.59 | 97.86 | 100.58 |
| Profit After Tax | 4.27 | 12.07 | 4.27 | 0.53 |
| EBITDA | 6.05 | 18.59 | 6.73 | 1.26 |
| NET Worth | 25.27 | 21.01 | 8.94 | 4.67 |
| Reserves and Surplus | 12.76 | 8.49 | 8.90 | 4.64 |
| Total Borrowing | 9.88 | 5.66 | 5.54 | 6.46 |
Key Ratios
EPS
₹9.64
NAV
₹16.78
ROE
80.59%
ROCE
65.97%
RoNW
80.59%
P/B Value
6.08
P/E Ratio
10.58
Market Cap
₹182.51 Cr
PAT Margin
10.44%
Debt/Equity
0.27
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Bhandari Hosiery limited | 20.57 | 6.1% | 15.19 | 0.32 |
| T T Limited | 0.18 | 0.05% | 54.79 | 0.19 |
| Game Changers Texfab Limited This IPO | 16.78 | 80.59% | — | 9.64 |
Promoters
Ankur Aggarwal, Sanjeev Goel and Force Multiplier ECommerce Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure 15.00 2 Funding overall working capital requirements 25.50 3 General Corporate Purposes including unidentified inorganic acquisitions 8.85 4 Issue Expenses 5.48 Total 54.84
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹100.58 Cr in the year ending 31 Mar 2023, rising to ₹97.86 Cr by 31 Mar 2024, then increasing significantly to ₹115.59 Cr by 31 Mar 2025. However, the most recent figure of ₹24.11 Cr as of 30 Jun 2025 represents a 9-month period, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.53 Cr in the year ending 31 Mar 2023, increasing to ₹4.27 Cr by 31 Mar 2024. This figure remained the same at ₹4.27 Cr by 30 Jun 2025, though this is a 9-month figure, not a full year, so isn't directly comparable. The profit rose to ₹12.07 Cr by 31 Mar 2025.
Valuation
Priced at roughly 10.58 trailing earnings, versus peers trading at a P/E range of 15.19-54.79.
Key Risks
Investors should consider risks such as market competition, fluctuations in raw material prices, and the potential impact of economic conditions on consumer demand for textiles.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. Grey market premiums (GMP) indicate the expected listing price of an IPO based on demand in the grey market. A positive GMP suggests strong demand, while a negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. Consideration of the company's fundamentals and market conditions is essential.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid this IPO, as it operates in a competitive sector with potential market fluctuations.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is on 28 Oct 2025, closing on 30 Oct 2025, with allotment scheduled for 31 Oct 2025 and listing on 4 Nov 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs experience a surge in price upon listing, others may not perform as expected. Factors influencing listing performance include market conditions, investor sentiment, and the company's financial health.
This evaluation is generated from Game Changers Texfab's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Game Changers Texfab IPO?
The price band of Game Changers Texfab IPO is ₹96.0–₹102.0 per share.
When does Game Changers Texfab IPO open and close?
Game Changers Texfab IPO opens on 28 October 2025 and closes on 30 October 2025.
When does Game Changers Texfab IPO list on the stock exchange?
Game Changers Texfab IPO listed on 04 November 2025 at ₹102.0.
What is the lot size for Game Changers Texfab IPO?
The lot size for Game Changers Texfab IPO is 1200 shares, requiring a minimum investment of ₹244,800 (2 lots).
What is the price band for the IPO?
The price band for the IPO is between ₹96.0 and ₹102.0.
What is the minimum investment required?
The minimum investment required is ₹244,800.
What is the lot size for this IPO?
The lot size for this IPO is 1200 shares.
When is the listing date?
The listing date is scheduled for 4 Nov 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
28 Oct 2025
Close
30 Oct 2025
Allotment
31 Oct 2025
Listing
04 Nov 2025
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