Game Changers Texfab was incorporated on April 6, 2015. The company is a B2B marketplace for fabrics and acts as a supply chain facilitator for the textile industry. It relies entirely on third-party suppliers and logistics providers for transportation and distribution.
| Bidding Dates |
|---|
| 28 Oct 2025 - 30 Oct 2025 |
| Subscription |
|---|
| 1.16x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,30,400 | 2 | 2 | 1200 | 5.4 M | ₹96 - ₹102 | 69.02 % | ₹516.1 M - ₹548.4 M | RHP DOC |
Game Changers Texfab IPO SUBSCRIPTION STATUS
30 Oct '25Game Changers Texfab IPO overall subscription rate was 1.16 times the total available shares
Game Changers Texfab IPO retail subscription rate was 1.35 times in the retail segment
Game Changers Texfab IPO non-institutional investor subscription rate was 2.08 times in the non-institutional investor category
Game Changers Texfab IPO Qualified Institutional Bidder subscription rate was 0.74 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35.02% | 15.02% | 49.96% |
30 Oct 2025 (Day 3) | 1.35x | 2.08x | 0.74x |
29 Oct 2025 (Day 2) | 0.75x | 0.89x | 0.04x |
28 Oct 2025 (Day 1) | 0.45x | 0.46x | - |
Game Changers Texfab FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY26 | 24.1 | 4.3 | -2.9 | -3.5 | 25.1% |
| FY25 | 115.6 | 12.1 | 3.3 | 1.7 | 16.1% |
| FY24 | 97.8 | 4.3 | 2.6 | 1.9 | 6.9% |
| FY23 | 100.5 | 0.5 | -1.8 | -1.9 | 1.3% |
Game Changers Texfab IPO SUBSCRIPTION STATUS DETAILS
Game Changers Texfab had 5.4 M shares on offer
Game Changers Texfab IPO offer price was in the range ₹96 - ₹102
Game Changers Texfab IPO minimum Investment was ₹230400
Game Changers Texfab IPO issue size was ₹ 516.1 M - ₹ 548.4 M
Game Changers Texfab had a minimum lot size of 1200 Shares per application
Game Changers Texfab NUMBER OF SHARES ON OFFER
Game Changers Texfab IPO IMPORTANT DATES
| Issue Open Date | 28 Oct 2025 |
| Issue close Date | 30 Oct 2025 |
| Allotment Date | 31 Oct 2025 |
| Refund Date | 03 Nov 2025 |
| Demat Account Credit Date | 03 Nov 2025 |
| Listing Date | 04 Nov 2025 |
| Listing on Exchange(s) | BSE |
| Game Changers Texfab Allotment Status | Exchange/ Registrar |
Game Changers Texfab IPO subscription opened on 28 Oct 2025, and closed on 30 Oct 2025
IPO allotment for Game Changers Texfab was finalized on Friday, 31 Oct 2025
IPO listing for Game Changers Texfab was on BSE on Tuesday, 04 Nov 2025
Game Changers Texfab IPO LISTING GAINS
| Issue Price (adjusted) | 102.0 |
| Listing Open Price | 104.2 |
| Listing Close Price | 109.3 |
| Listing Gain% | 2.1% |
| Current Gain% | 32.4% |
Game Changers Texfab Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Game Changers Texfab Ltd. | 135 | 241.6 | 13.2 | 0.3 | 1.7 | 20.8 | 16.6 | 139.3 | 20.5 | 18.2 | 51.1 | 10.2 | 51.1 |
| Lenskart Solutions Ltd. | 583.2 | 101402.2 | 205.4 | 11.5 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 2.8 | ||
| Page Industries Ltd. | 38690 | 43154.4 | 56.5 | 11.9 | 8.2 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.8 | 4.8 |
| Pearl Global Industries Ltd. | 2428 | 11215.1 | 36.1 | 1.5 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 67.2 | 23.7 |
| Safari Industries (India) Ltd. | 1505.1 | 7357.8 | 44.6 | 4.1 | 3.5 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
| Arvind Fashions Ltd. | 458.6 | 6129.4 | 51.3 | 0.1 | 1.1 | 13 | 2.9 | 5307 | 14 | 122.6 | 444.6 | 8.9 | 591.7 |
Game Changers Texfab INFORMATION ON IPO ISSUE
About Game Changers Texfab
Game Changers Texfab was incorporated on April 6, 2015. The company is a B2B marketplace for fabrics and acts as a supply chain facilitator for the textile industry. It relies entirely on third-party suppliers and logistics providers for transportation and distribution.
Object of the Issue
- Working capital requirements
- Capital expenditure
- General corporate purposes and unidentified inorganic acquisitions
Game Changers Texfab - PROMOTERS
| Name |
|---|
| Ankur Aggarwal |
| Sanjeev Goel |
| Force Multiplier Ecommerce Private Limited |
Game Changers Texfab - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sanjeev Goel | Managing Director |
| Ankur Aggarwal | Executive Director & Chief Financial Officer |
| Rashmi Goel | Non- Executive Women Director |
| Ved Parkash Goel | Non-Executive Independent Director |
| Vishal Agrawal | Non-Executive Independent Director |
| Swapnil Madhusudan Dighe | Non-Executive Independent Director |
Game Changers Texfab Book Running Lead Manager
Corpwis Advisors Private Limited
ipo.gamechangers@corpwis.com
Game Changers Texfab Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Game Changers Texfab Strengths
International tie-ups
The company has strategic tie-ups with two international partners to source and supply high-quality technical fabrics, enabling it to meet rising demand in India and strengthen its position in the specialised textile market
Technology integration
The company leverages technology to offer visual fabric search, size recommendations, and virtual try-ons that provide photorealistic previews of fit and appearance, helping customers choose the right fabrics easily and accurately
Boutique partnerships
The company partners with boutique designers to access trend-setting designs, enabling designers to reach wider markets while ensuring a steady supply of fresh, innovative products for niche customers
Game Changers Texfab Risks
Seasonal business
Demand for textiles fluctuates with seasonal trends and consumer behaviour, such as increased sales during festivals or specific weather conditions. Off-peak periods may reduce demand, affecting production, inventory, and cash flow, requiring effective operational management to mitigate seasonality impacts
Debt risks
Failure to comply with repayment terms or covenants in financing agreements could negatively impact the company’s business, financial condition, cash flows, and credit rating. Outstanding borrowings include Rs 9.64 crore, with certain agreements imposing restrictions on management, capital structure, and ownership changes
Transportation risks
The company relies on third-party logistics and support service providers for transporting raw materials and finished products, without long-term contracts. Any disruptions, delays, or increased costs in their services could adversely impact business operations, financial condition, and results
IPO FAQs
The promoters of the company are Ankur Aggarwal, Sanjeev Goel and Force Multiplier Ecommerce Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 96.0 - 102.0.
The IPO application opens on Oct 28, 2025 and closes on Oct 30, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 230,400.0, the maximum value for this IPO is Rs 244,800.0.
This IPO will be allotted on Oct 31, 2025.
The refund will be credited to your account on Nov 03, 2025.
The allotted shares will be credited to your demat on Nov 03, 2025.
Game Changers Texfab Ltd.’s shares listed on the stock exchanges on Nov 04, 2025.