Game Changers Texfab IPO: Price, GMP, Analysis, And Details

Game Changers Texfab IPO- Company Analysis

Game Changers Texfab IPO under the SME IPO category is a book build issue of Rs. 54.84 Cr by Game Changers Texfab Ltd., which was incorporated in 2015 and operates in the textile sourcing and distribution business. It is dedicated to finding, sourcing, and supplying premium-quality fabric materials to customer specifications.

The company specialises in women’s wear fabrics and technical textiles, including PVC-coated and outdoor textiles used in awnings, upholstery, tarpaulins, tents, sports goods, and other sports equipment and goods.

It operates through a network of over 10 sourcing offices and two retail experience stores that also serve as sampling centers, providing access to both premium and everyday-use fabrics.

Game Changers Texfab IPO Details

The Game Changers Texfab IPO date is on 28 October 2025, and its initial public offering will end on 30 Oct with IPO allotment on Oct 31, and refund initiation on Nov 03, 2025.

The Rs. 54.84 crore new SME IPO comprises a wholly fresh issue of 0.54 crore shares.

The Game Changers Texfab IPO listing date (expected) might be on Tuesday, Nov 04, 2025, and listing at the BSE and SME. 

The Game Changers Texfab IPO price band is Rs. 96 to Rs. 102.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Oct 28, 2025
IPO Closing Date	Oct 30, 2025
IPO Allotment Date	Oct 31, 2025
Refund Initiation	Nov 03, 2025
IPO Listing Date	Nov 04, 2025

 

Click to open demat account and apply for the IPO.

 

 

Company Financials

(Amount in Cr)

Particulars	31 Dec 2024	31 Mar 2024	31 Mar 2023
Assets	49.70	41.37	21.82
Total Income	85.88	97.86	100.58
Profit After Tax (PAT)	9.14	4.27	0.53
EBITDA	14.01	6.73	1.26
Net Worth	18.08	8.94	4.67
Reserves & Surplus	18.05	8.90	4.64
Total Borrowing	9.65	5.54	6.46

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Dec 2024	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(96.58)	255.33	(183.49)
Net Cash Flow Investing Activities	(157.01)	(66.05)	(3.74)
Net Cash Flow Financing Activities	272.46	(183.09)	188.75

Revenue Bifurcation

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Funding the working capital requirements. ~ Rs. 25.50 Cr.

• Funding capital expenditure. ~ Rs. 15 Cr.

• General Corporate Purposes. 

Listed Peers of Game Changers Texfab Ltd. 

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E Ratio (x)
T T Limited	1.00	2.15	20.33
Bhandari Hosiery Limited	1.00	0.40	19.41

 

Valuation

Metric	Value
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

 

 

 

Evaluation of P/E Ratio

Considering the 9 months ended on 31 Dec 2024 with an EPS of Rs. 7.30 from the last year, the resulting P/E ratio is 13.97x.

Explore the Jayesh Logistics IPO.

IPO's Strengths

• The company manufactures women's wear and technical textiles for various applications. 

• The company has more than 10 sourcing offices and 2 showrooms that provide different options and competitive pricing. 

• The management team has vastly experienced industry veterans with decades of domain expertise. 

• The company has an emphasis on quality assurance and provides customised material solutions to the customers. 

• The company has a reputation for being reliable and for on-time delivery in the B2B fabric industry.  

IPO’s Weaknesses 

• Compliance with Irregular Governance leading to high quality and environmental control. 

• Liability for the use of chemicals and dyes if non-compliance on the safe use of them.

• Global recessions can lower consumer spending and demand for global fabrics.

• Geopolitical policy changes can affect imports and exports.

• Inventory and receivables management have high working-capital requirements.
  
  

Game Changers Texfab IPO GMP (Grey Market Premium)

Game Changers Texfab IPO GMP today has not started yet, as of 22 Oct 2025 at the time of writing this information.

Game Changers Texfab IPO Summary

The Game Changers IPO has a market maker portion size of 2,70,000 Shares (Rs. 2.75 Cr).

IPO Opening & Closing Date	28 Oct, 2025 to 30 Oct, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 96 to Rs. 102 per Share.
Lot Size	1200 Shares
Issue Size	53,76,000 Shares (Rs. 54.84 Cr)
Offer for Sale	-
Fresh Issue	53,76,000 Shares (Rs. 54.84 Cr)
Listing at	BSE, SME
Issue Type	Book build Issue IPO
Registrar	Skyline Financial Services Pvt.Ltd.

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,44,800 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (3600 Shares) for Rs. 3,67,200.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Game Changers Texfab IPO Allotment Status

To check the Game Changers Texfab IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Game Changers Texfab Ltd.

• Mr. Ankur Aggarwal

• Mr. Sanjeev Goel

• Force Multiplier E-commerce Private Limited

Pre-Issue Promoter Shareholding

98.67%

 

IPO Lead Managers

• Corpwis Advisors Pvt. Ltd.  

Dividend Policy

The company has not declared a dividend during the last three financial years.

Conclusion

Game Changers Texfab Limited grew remarkably in profitability over the last three financial years. The established supplier network and the focus on technical textiles, balanced with industry experience from the promoter tier, position the company strongly in the technical textile landscape. The sector’s economic exposure and regulatory compliance will level investment positions for the Game Changers Texfab IPO 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.