Game Changers Texfab Limited IPO has opened for subscription from October 28 to October 30, 2025, with shares expected to list on November 4, 2025. The IPO is priced between ₹96 – ₹102 per share, and the lot size is 1200 shares, requiring a minimum investment of ₹1,22,400. The total issue size is approximately ₹55 crore, consisting entirely of a fresh issue.
Key IPO Dates and Schedule
The public issue opened on October 28, 2025, and will close on October 30, 2025, with the UPI mandate deadline on the same day at 5 PM. The allotment is expected on October 31, followed by refund initiation and share credit on November 3, and listing on November 4, 2025. The anchor investor lock-in will end in two phases — 50% on November 30, 2025, and the remaining on January 29, 2026.
About Game Changers Texfab Limited
Founded in 2015, Game Changers Texfab Limited specializes in premium fabrics and garments, catering to both retail and wholesale markets. Originally established by Mrs. Kavita Aggarwal, the company was later acquired by Mr. Sanjeev Goel and Mr. Ankur Aggarwal, who bring over 40 years of combined experience in textiles and technology.
The company operates under an asset-light “Deemed Manufacturing” model, ensuring scalability and cost efficiency. It manages two key brands:
- TradeUNO – a premium fabric sourcing and sales platform.
- Fall in Love – a personalized, ready-to-wear apparel brand launched in 2024.
With 10 sourcing offices, 2 retail experience stores, and an online platform hosting over 10,000 designs from 500+ suppliers, Game Changers Texfab continues to blend fashion, technology, and innovation effectively.
Financial Snapshot and Fund Utilization
The company aims to raise ₹54.84 crore entirely through a fresh issue. Here’s how the proceeds will be utilized:
- ₹25.5 crore (46.5%) for working capital requirements
- ₹15 crore (27.4%) for funding capital expenditure
- ₹14.34 crore (26.1%) for general corporate purposes
This allocation shows a clear focus on expansion, digital upgrades, and strengthening operational liquidity.
Strengths and Risks
Strengths:
- Diverse product portfolio including women’s wear and technical textiles.
- Asset-light business model supporting operational efficiency.
- Technology-driven TradeUNO platform improving digital sales and visibility.
- Strategic partnerships with high-quality global suppliers.
- Experienced management with textile and tech backgrounds.
Risks:
- Heavy dependence on third-party manufacturing units.
- Intense competition in both textile and e-commerce sectors.
- Exposure to economic and geopolitical risks impacting sourcing.
- Working capital-intensive operations with large inventories.
- Limited track record as a public company.
Game Changers Texfab IPO Subscription and GMP Update
As of October 29, 2025 (5:00 PM), the IPO received 0.38x total subscription, indicating moderate investor participation.
- Institutional Investors: 0.06x
- Non-Institutional Investors (NII): 0.43x
- Retail Investors: 0.66x
The Grey Market Premium (GMP) is reported at ₹0, suggesting a flat listing expectation. However, subscription data remains a more reliable indicator of investor sentiment than GMP trends.
The Game Changers Texfab IPO presents a unique mix of fashion innovation and technology integration within the textile industry. While the company’s asset-light model and digital strategy make it scalable and efficient, competition and dependency risks need to be monitored closely.
At Finowings, we believe this IPO may attract long-term investors who value growth potential in the tech-enabled textile space rather than quick listing gains. Always review the prospectus and evaluate your risk tolerance before investing.
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