Game Changers Texfab IPO starts today. Check GMP, subscription, price range and other details

Game Changers Texfab’s SME IPO opens for subscription on Tuesday, October 28, amid a busy week in the primary market. The Rs 55 crore issue is entirely a fresh equity issue of 53.76 lakh shares and will close on Thursday, October 30. The company has set a price range of Rs 96 to Rs 102 per share and the issue will be listed on the BSE SME platform on November 4.

Retail investors can apply for a minimum of two plots (2,400 shares), which requires an investment of Rs 2.44 lakh at the top end, while the minimum bid for high net worth individuals (HNIs) is three plots (3,600 shares).

Game changers Texfab GMP

The gray market premium (GMP) for the IPO remains stable at 0%, indicating subdued demand for pre-listing so far. The lack of stock market cheer reflects selective investor sentiment for small and mid-sized textile issues, even as broader market liquidity remains strong.

About the company

Game Changers Texfab is a fabric sourcing and supply chain solutions company operating under the TradeUNO Fabrics platform. The company operates a B2B fabric marketplace that connects designers, exporters and apparel manufacturers, and also sells directly to consumers through its retail brand ‘Fall in Love’.

The company supplies a wide range of women’s clothing and technical fabrics used in upholstery, awnings, tents and sporting goods. It operates more than 10 purchasing offices across India and two retail showrooms that double as sampling centers. The online platform, tradeuno.comintegrates customization, design and bespoke services, combining technology with a traditional textile sourcing network.

Finance and growth

Game Changers Texfab reported decent growth in FY25. Revenue rose 18% year-on-year to Rs 115.59 crore, while net profit rose 183% to Rs 12.07 crore, compared to Rs 4.27 crore in FY24.

Use of proceeds

The company plans to use the proceeds from the IPO to fund capital expenditure of Rs 15 crore, working capital needs of Rs 25.5 crore and general corporate purposes, including potential acquisitions.

Corpwis Advisors is the lead manager, Skyline Financial Services is the registrar and NNM Securities is the market maker for the issue.

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