Game Changers Texfab Limited will open its initial public offering on October 28, 2025, seeking to raise ₹54.84 crore through the BSE SME platform. The issue comprises 53.76 lakh equity shares priced between ₹96 and ₹102 per share, with a lot size of 1,200 shares. The anchor bidding opens on October 27, with the issue closing on October 30.
The Mumbai-based textile company operates TradeUNO, offering fashion and technical textile solutions through a tech-enabled business model. Proceeds will fund capital expenditure, working capital needs, and general corporate purposes including potential acquisitions.
Share allocation includes up to 15.30 lakh shares for QIB anchor investors, 10.21 lakh for qualified institutional buyers, 7.67 lakh for non-institutional investors, and 17.88 lakh for retail investors. Market makers will receive 2.70 lakh shares.
The company reported revenue of ₹115.56 crore in FY25, with EBITDA of ₹18.59 crore and profit after tax of ₹12.07 crore. For the quarter ending June 2025, it posted revenue of ₹24.10 crore with PAT of ₹4.27 crore.
Founded by Sanjeev Goel and Ankur Aggarwal, the company operates through an asset-light manufacturing model with 10 sourcing offices, over 500 suppliers, and a portfolio exceeding 10,000 designs. It specializes in women’s wear and technical textiles, including PVC-coated fabrics, with exclusive distribution agreements for the Indian market.
Corpwis Advisors Private Limited serves as book running lead manager, while Skyline Financial Services Private Limited is the registrar.
Published on October 27, 2025
