New Delhi, November 4 (Udaipur Kiran) — Fabric industry company Gamechangers Texfab made a robust debut on the stock market today, delivering quick gains to its IPO investors. The company’s shares, issued at ₹102 per share, were listed on the BSE SME platform at ₹104.15 — a premium of around 2.11%.
Following the listing, strong buying support pushed the stock higher. By 10:30 a.m., Gamechangers Texfab shares were trading at ₹108, giving IPO investors an overall gain of nearly 5.88% so far.
The company’s ₹54.84 crore IPO, open for subscription between October 28 and 30, received an average response and was subscribed 1.17 times overall. The Qualified Institutional Buyers (QIB) category was subscribed 1.01 times, Non-Institutional Investors (NII) 1.48 times, and the Retail Investor segment 1.18 times. A total of 53.76 lakh fresh shares with a face value of ₹10 each were issued under the IPO. The funds raised will be used to meet working capital requirements and general corporate purposes.
According to the Draft Red Herring Prospectus (DRHP) filed with SEBI, Gamechangers Texfab’s financial performance has shown steady improvement. The company’s net profit rose from ₹53 lakh in FY 2022–23 to ₹4.27 crore in FY 2023–24, and further jumped to ₹12.07 crore in FY 2024–25.
Revenue figures showed some fluctuations, with ₹100.58 crore in FY 2022–23, dipping slightly to ₹97.86 crore in FY 2023–24, and then climbing to ₹115.59 crore in FY 2024–25. In the current financial year’s first quarter (April–June 2025), the company reported a net profit of ₹4.27 crore and revenue of ₹24.11 crore.
The company’s debt stood at ₹6.46 crore at the end of FY 2022–23, fell to ₹5.54 crore in FY 2023–24, and marginally increased to ₹5.66 crore in FY 2024–25. However, in the April–June 2025 quarter, debt rose to ₹9.88 crore.
Reserves and surplus improved over the years, moving from ₹4.64 crore in FY 2022–23 to ₹8.90 crore in FY 2023–24, and slightly dipping to ₹8.49 crore in FY 2024–25 before rising again to ₹12.76 crore in Q1 FY 2025–26.
The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also grew sharply — from ₹1.26 crore in FY 2022–23 to ₹6.73 crore in FY 2023–24, and then to ₹18.59 crore in FY 2024–25. In the first quarter of FY 2025–26, EBITDA stood at ₹6.05 crore.
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