Game Changers Texfab Ltd IPO
Status: Closed
Overview
IPO date
28 Oct 2025 to 30 Oct 2025
Face value
₹ 10 per share
Price
₹ 96 to ₹102 per share
Issue Size
5,376,000 shares
(aggregating up to ₹ 54.84 Cr)
(aggregating up to ₹ 54.84 Cr)
Allotment Date
31 Oct 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Textiles
Objectives of Game Changers Texfab Ltd IPO
Game Changers Texfab Ltd IPO Strategy
About Game Changers Texfab Ltd
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T&C*
Strengths vs Risks of Game Changers Texfab Ltd
Know the pros & cons
Strengths
Deemed Manufacturing.- International Tie-ups.
- Technology Integration.
- Designer On-boarding Initiative.
- Digital Commerce Arrangements.
- Boutique Partnerships.
- Retail and Online Expansion.
Risks
- Its top customers contribute significant portion in the revenue of the Company. Any loss of business from one or more of them may adversely affect its revenues and profitability.
- The company's top suppliers contribute majority of the purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability.
- The Company has not entered into any long-term contracts with any of its customers and the company typically operate on the basis of purchase orders. Inability to maintain regular order flow would adversely impact the company revenues and profitability.
- Its business depends on the deemed manufacturing units for bulk Customization, Value Additions and other manufacturing operations. Any loss of or shutdown of operations of these units on any grounds could adversely affect its business or results of operations.
- Any change in its consumer's likes, preferences or a change in their perception regarding the quality of the products may negatively affect the image and the reputation and in turn affect its revenues and profitability.
- The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
- The company revenue seems to be quite concentrated, generating major part of its revenue from few domestic states.
- There have been instances in the past where its have not made certain regulatory filings with the ROC and there were certain instances of discrepancies in relation to certain statutory filings and corporate records of the company.
- The Company, Promoters, and Directors is involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, financial condition, cash flows and results of operations.
- The company has delayed in filing some returns of statutory dues. Delays in making statutory payments may attract penalties, or any demand raised by statutory authorities in the future may affect the financial position of the company.
- An inability to comply with repayment and other covenants in the financing agreements could adversely affect its business, financial condition, cash flows and credit rating.
- If the company is unable to attract new clients the growth of the business and cash flows will be adversely affected.
- The company limited digital presence may limit its growth and results of operations.
- The company is dependent on third party logistics and support service providers for the delivery of raw materials and finished products and any disruptions in their services including transportation services or a decrease in the quality of their services may adversely affect its business, financial conditions and results of operations.
- Its business is subject to seasonality.
- The company registered office and retail stores are not located on land owned by it and is unregistered the company have only leasehold rights. Also in the event its lose or are unable to renew such leasehold rights, its business, results of operations, financial condition and cash flows may be adversely affected.
- The company has significant power requirements for continuous running of the retail stores. Any disruption to the operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on its business, results of operations and financial condition.
- The company has entered into certain related party transactions and may continue to do so in future.
- Any failures to protect or enforce the company rights to own or use the trademark could have an adverse effect on its business and competitive position.
- Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting our operation and financial condition.
- The company import Outdoor and PVC fabric from international suppliers and any adverse foreign exchange fluctuation could increase the cost of operations and affect its profitability. Further, any restriction or embargo on the sourcing of raw materials from certain countries could adversely affect its business and financial condition.
- An inability to maintain adequate insurance cover in connection with its business may adversely affect the operations and profitability.
- Any failures to obtain, renew and maintain requisite statutory and regulatory permits, licenses and approvals for the company operations from time to time may adversely affect its business.
- The company has experienced negative cash flows from operating, investing as well as financing activities in the past year and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
- The company faces competition in its business from organized and unorganized players, which may adversely affect the business operation and financial condition.
- The Company has not yet paid the applicable stamp duty on the allotment of securities. However, the process for making the stamp duty payment has been initiated and is currently underway. Non-payment of stamp duty may adversely affect its financial condition.
- If the company service providers at deemed manufacturing units and its key suppliers from sourcing units is not able to or do not fulfil their service obligations, the company operations could be disrupted, and the operating results could be effected.
- The company success largely depends upon its ability to attract and retain the Promoters, Directors, Key Managerial personnel with technical expertise. The company inability to attract and retain them and other personnel with technical expertise could adversely affect its business, financial condition and results of operations.
- Its revenue from operations has reduced in Fiscal 2024 as compared to Fiscal 2023. If the company is unable to maintain or increase its revenue from operations, then it may have an adverse effect on the business operations and the growth strategies.
- The company inability to manage inventory in an effective manner could affect its business.
- The Issue Price, market capitalization to total income multiple, price to earnings ratio and enterprise value to EBITDA ratio based on the Issue Price of the Company, may not be indicative of the market price of the Equity Shares on listing.
- The company has relied on the quotations received from third parties in relation to the funding Capital Expenditure towards opening of new stores which is proposed to be financed from the Issue proceeds of the IPO.
- The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
- The management will have broad discretion in how its apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of the investment.
- Its proposed capacity expansion plans is subject to the risk of unanticipated delays in implementation due to factors including delays in construction, obtaining regulatory approvals in timely manner and cost overruns.
- The company funding requirements and the deployment of Net Proceeds is based on management estimates and quotations received and have not been independently appraised. Any variation in the utilisation of Net Proceeds of the Fresh Issue as disclosed in this Draft Red Herring Prospectus shall be subject to compliance requirements, including prior shareholders' approval.
- Its ability to pay dividends in the future may be affected by any material adverse effect on the company future earnings, financial condition or cash flows.
- The company is subject to the risk of failure of or a material weakness in its internal control systems.
- The Company's top customers contribute significant portion in the revenue of the Company. Any loss of business from one or
more of them may adversely affect its revenues and profitability.
- The Company's top suppliers contribute majority of its purchases. Any loss of business with one or more of them may
adversely affect its business operations and profitability
- The Company has not entered into any long-term contracts with any of its customers and the company typically operate on
the basis of purchase orders. Inability to maintain regular order flow would adversely impact its revenues and
profitability.
- The Company's business depends on its deemed manufacturing units for bulk Customization, Value Additions and other
manufacturing operations. Any loss of or shutdown of operations of these units on any grounds could adversely
affect the Company's business or results of operations.
- There have been instances of frequent changes in the statutory auditors of the Company in the past 3 financial
years. The company cannot assure you that such instances shall not occur in the future.
- Any change in the Company's consumer's likes, preferences or a change in their perception regarding the quality of its
products may negatively affect the image and the Company's reputation and in turn affect its revenues and profitability.
- There have been instances in the past where the company has not made certain regulatory filings with the ROC and there
were certain instances of discrepancies in relation to certain statutory filings and corporate records of the Company's
company.
- Our business is subject to seasonality.
- The Company's registered office and retail stores are not located on land owned by it and are unregistered we have only
leasehold rights. Also in the event the company lose or are unable to renew such leasehold rights, the Company's business, results of
operations, financial condition and cash flows may be adversely affected.
- The company has experienced negative cash flows from operating, investing as well as financing activities in the past year
and may do so in the future, which could have a material adverse effect on its business, prospects, financial
condition, cash flows and results of operations.
- The future operating results are difficult to predict and may fluctuate or adversely vary from the past
performance.
- The Company's revenue seems to be quite concentrated, generating major part of its revenue from few domestic states.
- The Company, Promoters, and Directors are involved in certain legal and regulatory proceedings. Any adverse
decision in such proceedings may have a material adverse effect on the Company's business, financial condition, cash flows
and results of operations.javascript:__doPostBack('ctl00$ContentPlaceHolder1$GridRisk$ctl02$LibtnUpdate','')
- The Company had initially failed to pay the applicable stamp duty on the allotment of securities, as required under
the Indian Stamp Act, 1899 in a timely manner, the delayed payment of stamp duty may adversely affect the Company's
business operations and financial condition.
- If the Company's service providers at deemed manufacturing units and its key suppliers from sourcing units are not able to
or do not fulfil their service obligations,the Company's operations could be disrupted, and its operating results could be
effected.
- The company has delayed in filing some returns of statutory dues. Delays in making statutory payments may attract
penalties, or any demand raised by statutory authorities in the future may affect the financial position of the
company.
- An inability to comply with repayment and other covenants in the financing agreements could adversely affect the Company's
business, financial condition, cash flows and credit rating.
- If the company is unable to attract new clients the growth of its business and cash flows will be adversely affected.
- The Company's limited digital presence may limit its growth and results of operations.
- The Company's Promoter Group Entity, M/s Shree Balaji Tirpal Private Limited and M/s Capitol Enterprises is engaged in
similar line of business in fabrics. Any conflict of interest in future may occur between the business of M/s Shree
Balaji Tirpal Private Limited, M/s Capitol Enterprises and us which may adversely affect its business, prospects,
results of operations and financial condition.
- The company is dependent on third party logistics and support service providers for the delivery of raw materials and
finished products and any disruptions in their services including transportation services or a decrease in the quality
of their services may adversely affect its business, financial conditions and results of operations.
- The company has significant power requirements for continuous running of its retail stores. Any disruption to the Company's
operations on account of interruption in power supply or any irregular or significant hike in power tariffs may
have an effect on its business, results of operations and financial condition.
- The company has entered into certain related party transactions and may continue to do so in future.
- Any failures to protect or enforce the Company's rights to own or use its trademark could have an adverse effect on the Company's
business and competitive position.
- Any delays and/or defaults in customer payments could result in increase of working capital investment and/or
reduction of the Company's profits, thereby affecting its operation and financial condition.
- The company import Outdoor and PVC fabric from international suppliers and any adverse foreign exchange fluctuation
could increase the Company's cost of operations and affect its profitability. Further, any restriction or embargo on the
sourcing of raw materials from certain countries could adversely affect the Company's business and financial condition.
- An inability to maintain adequate insurance cover in connection with the Company's business may adversely affect its
operations and profitability.
- Any failures to obtain, renew and maintain requisite statutory and regulatory permits, licenses and approvals for
the Company's operations from time to time may adversely affect its business.
- The company faces competition in the Company's business from organized and unorganized players, which may adversely affect its
business operation and financial condition.
- The Company's success largely depends upon its ability to attract and retain the Company's Promoters, Directors, Key Managerial
personnel with technical expertise. The Company's inability to attract and retain them and other personnel with technical
expertise could adversely affect its business, financial condition and results of operations.
- The Company's revenue from operations has reduced in Fiscal 2024 as compared to Fiscal 2023. If the company is unable to maintain
or increase its revenue from operations, then it may have an adverse effect on the Company's business operations and its
growth strategies.
- The Company's inability to manage inventory in an effective manner could affect its business.
- The Issue Price, market capitalization to total income multiple, price to earnings ratio and enterprise value to
EBITDA ratio based on the Issue Price of the Company, may not be indicative of the market price of the Equity
Shares on listing.
- The company has relied on the quotations received from third parties in relation to the funding Capital Expenditure towards
opening of new stores which is proposed to be financed from the Issue proceeds of the IPO.
- The Company's Promoters, Directors and KMPs may have interests other than reimbursement of expenses incurred and
normal remuneration or benefits in the Company.
- The Company's management will have broad discretion in how the company apply the Net Proceeds, including interim use of the Net
Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected
or at all, or that the deployment of the Net Proceeds in the manner intended by us will result in any increase in the
value of your investment.
- The Company's proposed capacity expansion plans are subject to the risk of unanticipated delays in implementation due to
factors including delays in construction, obtaining regulatory approvals in timely manner and cost overruns.
- The Company's funding requirements and the deployment of Net Proceeds are based on management estimates and quotations
received and have not been independently appraised. Any variation in the utilisation of Net Proceeds of the Fresh
Issue as disclosed in this Red Herring Prospectus shall be subject to compliance requirements, including prior
shareholders' approval.
- The Company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings,
financial condition or cash flows.
- The company is subject to the risk of failures of or a material weakness in the Company's internal control systems.
- Strikes, work stoppages or other employee disputes could adversely affect the Company's operations.
Game Changers Texfab Ltd Peer Comparison
Understand the company’s industry standing
Game Changers Texfab Ltd
T T Ltd
Bhandari Hosiery Exports Ltd
Face Value
10
1
1
Standalone / Consolidated
Standalone
Standalone
Standalone
Total Income Rs. Cr.
---
---
---
EPS-Basis
9.64
0.19
0.32
EPS-Diluted
---
---
---
NAV Per Share
16.78
0.18
20.57
P/E-Basic EPS
10.58
54.79
15.19
P/E-Diluted EPS
---
---
---
RONW(%)
80.59
0.05
6.1
Latest NAV Period
---
---
---
Latest NAV
---
---
---
How to check the allotment status of Game Changers Texfab Ltd IPO?
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Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 28 Oct 2025 & closes on 30 Oct 2025.
Game Changers Texfab Limited was incorporated as 'Game Changers Texfab Private Limited' on April 6, 2015 with the Registrar of Companies, Delhi . Thereafter, Company was converted from a private limited to public limited and the name of the Company was changed to 'Game Changers Texfab Limited' and a fresh certificate of incorporation dated December 02, 2024 was issued by the Central Registration Centre.
The Company was started by Mrs. Kavita Aggarwal and Mrs. Ankita Aggarwal in 2015 and later, was acquired by the Promoter, Mr. Sanjeev Goel and Mr. Ankur Aggarwal. Presently, Company is engaged in finding the finest fabric material as per customer specifications and sourcing them from the right suppliers, ensuring the right material solutions. The Company set up its first manufacturing unit and three Sourcing units in 2019-20. Sourcing of Fabrics' refers to process of selecting and procuring raw materials for textile production, including identifying suppliers, negotiating prices, and ensuring quality and sustainability of fabrics. Apart from this, Company deals with variety of fabrics but specializes in women's wear fabrics and technical textiles fabrics, including outdoor and PVC-coated fabrics for a variety of uses such as awnings, outdoor furniture upholstery, tarpaulins, sports goods, tents, etc.
In 2022, Company opened the first store at Udyog Vihar, Gurgaon and became successful in establishing 6 deemed manufacturing units in 2023. The Company has two comprehensive retail experience stores which double up as sampling centres through which we offer a wide range of fabric materials. In these stores, it feature both Ready-made and semi-stitched garments. Additionally, it offer Made to Measure garments with in-store customization and fabric value additions to meet the customers' specific preferences. Apart from offline presence, it works an online platform, featuring over 10,000 designs and a network of 500+ diverse suppliers, to support export houses, boutiques in creating unique samples for the clients.
In 2024, Company opened its second store at DLF Phase-1, Gurgaon; further it launched the new brand 'Fall in Love' , in setting up a network of 10 sourcing units in FY 2025.
The Company launched the IPO of 53,76,000 equity shares of Rs 10 each by raising Rs 54.84 Crore in October, 2025.
Game Changers Texfab Ltd IPO will close on 30 Oct 2025.
- Deemed Manufacturing.
- International Tie-ups.
- Technology Integration.
- Designer On-boarding Initiative.
- Digital Commerce Arrangements.
- Boutique Partnerships.
- Retail and Online Expansion.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Ankur Aggarwal | 401 | --- | 401 | --- |
| 2 | Sanjeev Goel | 401 | --- | 401 | --- |
| 3 | Force Multiplier Ecommerce Pvt | 12349597 | 98.66 | 12349597 | 69.01 |
- Its top customers contribute significant portion in the revenue of the Company. Any loss of business from one or more of them may adversely affect its revenues and profitability.
- The company's top suppliers contribute majority of the purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability.
- The Company has not entered into any long-term contracts with any of its customers and the company typically operate on the basis of purchase orders. Inability to maintain regular order flow would adversely impact the company revenues and profitability.
- Its business depends on the deemed manufacturing units for bulk Customization, Value Additions and other manufacturing operations. Any loss of or shutdown of operations of these units on any grounds could adversely affect its business or results of operations.
- Any change in its consumer's likes, preferences or a change in their perception regarding the quality of the products may negatively affect the image and the reputation and in turn affect its revenues and profitability.
- The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
- The company revenue seems to be quite concentrated, generating major part of its revenue from few domestic states.
- There have been instances in the past where its have not made certain regulatory filings with the ROC and there were certain instances of discrepancies in relation to certain statutory filings and corporate records of the company.
- The Company, Promoters, and Directors is involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, financial condition, cash flows and results of operations.
- The company has delayed in filing some returns of statutory dues. Delays in making statutory payments may attract penalties, or any demand raised by statutory authorities in the future may affect the financial position of the company.
- An inability to comply with repayment and other covenants in the financing agreements could adversely affect its business, financial condition, cash flows and credit rating.
- If the company is unable to attract new clients the growth of the business and cash flows will be adversely affected.
- The company limited digital presence may limit its growth and results of operations.
- The company is dependent on third party logistics and support service providers for the delivery of raw materials and finished products and any disruptions in their services including transportation services or a decrease in the quality of their services may adversely affect its business, financial conditions and results of operations.
- Its business is subject to seasonality.
- The company registered office and retail stores are not located on land owned by it and is unregistered the company have only leasehold rights. Also in the event its lose or are unable to renew such leasehold rights, its business, results of operations, financial condition and cash flows may be adversely affected.
- The company has significant power requirements for continuous running of the retail stores. Any disruption to the operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on its business, results of operations and financial condition.
- The company has entered into certain related party transactions and may continue to do so in future.
- Any failures to protect or enforce the company rights to own or use the trademark could have an adverse effect on its business and competitive position.
- Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting our operation and financial condition.
- The company import Outdoor and PVC fabric from international suppliers and any adverse foreign exchange fluctuation could increase the cost of operations and affect its profitability. Further, any restriction or embargo on the sourcing of raw materials from certain countries could adversely affect its business and financial condition.
- An inability to maintain adequate insurance cover in connection with its business may adversely affect the operations and profitability.
- Any failures to obtain, renew and maintain requisite statutory and regulatory permits, licenses and approvals for the company operations from time to time may adversely affect its business.
- The company has experienced negative cash flows from operating, investing as well as financing activities in the past year and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
- The company faces competition in its business from organized and unorganized players, which may adversely affect the business operation and financial condition.
- The Company has not yet paid the applicable stamp duty on the allotment of securities. However, the process for making the stamp duty payment has been initiated and is currently underway. Non-payment of stamp duty may adversely affect its financial condition.
- If the company service providers at deemed manufacturing units and its key suppliers from sourcing units is not able to or do not fulfil their service obligations, the company operations could be disrupted, and the operating results could be effected.
- The company success largely depends upon its ability to attract and retain the Promoters, Directors, Key Managerial personnel with technical expertise. The company inability to attract and retain them and other personnel with technical expertise could adversely affect its business, financial condition and results of operations.
- Its revenue from operations has reduced in Fiscal 2024 as compared to Fiscal 2023. If the company is unable to maintain or increase its revenue from operations, then it may have an adverse effect on the business operations and the growth strategies.
- The company inability to manage inventory in an effective manner could affect its business.
- The Issue Price, market capitalization to total income multiple, price to earnings ratio and enterprise value to EBITDA ratio based on the Issue Price of the Company, may not be indicative of the market price of the Equity Shares on listing.
- The company has relied on the quotations received from third parties in relation to the funding Capital Expenditure towards opening of new stores which is proposed to be financed from the Issue proceeds of the IPO.
- The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
- The management will have broad discretion in how its apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of the investment.
- Its proposed capacity expansion plans is subject to the risk of unanticipated delays in implementation due to factors including delays in construction, obtaining regulatory approvals in timely manner and cost overruns.
- The company funding requirements and the deployment of Net Proceeds is based on management estimates and quotations received and have not been independently appraised. Any variation in the utilisation of Net Proceeds of the Fresh Issue as disclosed in this Draft Red Herring Prospectus shall be subject to compliance requirements, including prior shareholders' approval.
- Its ability to pay dividends in the future may be affected by any material adverse effect on the company future earnings, financial condition or cash flows.
- The company is subject to the risk of failure of or a material weakness in its internal control systems.
- The Company's top customers contribute significant portion in the revenue of the Company. Any loss of business from one or more of them may adversely affect its revenues and profitability.
- The Company's top suppliers contribute majority of its purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability
- The Company has not entered into any long-term contracts with any of its customers and the company typically operate on the basis of purchase orders. Inability to maintain regular order flow would adversely impact its revenues and profitability.
- The Company's business depends on its deemed manufacturing units for bulk Customization, Value Additions and other manufacturing operations. Any loss of or shutdown of operations of these units on any grounds could adversely affect the Company's business or results of operations.
- There have been instances of frequent changes in the statutory auditors of the Company in the past 3 financial years. The company cannot assure you that such instances shall not occur in the future.
- Any change in the Company's consumer's likes, preferences or a change in their perception regarding the quality of its products may negatively affect the image and the Company's reputation and in turn affect its revenues and profitability.
- There have been instances in the past where the company has not made certain regulatory filings with the ROC and there were certain instances of discrepancies in relation to certain statutory filings and corporate records of the Company's company.
- Our business is subject to seasonality.
- The Company's registered office and retail stores are not located on land owned by it and are unregistered we have only leasehold rights. Also in the event the company lose or are unable to renew such leasehold rights, the Company's business, results of operations, financial condition and cash flows may be adversely affected.
- The company has experienced negative cash flows from operating, investing as well as financing activities in the past year and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
- The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
- The Company's revenue seems to be quite concentrated, generating major part of its revenue from few domestic states.
- The Company, Promoters, and Directors are involved in certain legal and regulatory proceedings. Any adverse decision in such proceedings may have a material adverse effect on the Company's business, financial condition, cash flows and results of operations.javascript:__doPostBack('ctl00$ContentPlaceHolder1$GridRisk$ctl02$LibtnUpdate','')
- The Company had initially failed to pay the applicable stamp duty on the allotment of securities, as required under the Indian Stamp Act, 1899 in a timely manner, the delayed payment of stamp duty may adversely affect the Company's business operations and financial condition.
- If the Company's service providers at deemed manufacturing units and its key suppliers from sourcing units are not able to or do not fulfil their service obligations,the Company's operations could be disrupted, and its operating results could be effected.
- The company has delayed in filing some returns of statutory dues. Delays in making statutory payments may attract penalties, or any demand raised by statutory authorities in the future may affect the financial position of the company.
- An inability to comply with repayment and other covenants in the financing agreements could adversely affect the Company's business, financial condition, cash flows and credit rating.
- If the company is unable to attract new clients the growth of its business and cash flows will be adversely affected.
- The Company's limited digital presence may limit its growth and results of operations.
- The Company's Promoter Group Entity, M/s Shree Balaji Tirpal Private Limited and M/s Capitol Enterprises is engaged in similar line of business in fabrics. Any conflict of interest in future may occur between the business of M/s Shree Balaji Tirpal Private Limited, M/s Capitol Enterprises and us which may adversely affect its business, prospects, results of operations and financial condition.
- The company is dependent on third party logistics and support service providers for the delivery of raw materials and finished products and any disruptions in their services including transportation services or a decrease in the quality of their services may adversely affect its business, financial conditions and results of operations.
- The company has significant power requirements for continuous running of its retail stores. Any disruption to the Company's operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on its business, results of operations and financial condition.
- The company has entered into certain related party transactions and may continue to do so in future.
- Any failures to protect or enforce the Company's rights to own or use its trademark could have an adverse effect on the Company's business and competitive position.
- Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting its operation and financial condition.
- The company import Outdoor and PVC fabric from international suppliers and any adverse foreign exchange fluctuation could increase the Company's cost of operations and affect its profitability. Further, any restriction or embargo on the sourcing of raw materials from certain countries could adversely affect the Company's business and financial condition.
- An inability to maintain adequate insurance cover in connection with the Company's business may adversely affect its operations and profitability.
- Any failures to obtain, renew and maintain requisite statutory and regulatory permits, licenses and approvals for the Company's operations from time to time may adversely affect its business.
- The company faces competition in the Company's business from organized and unorganized players, which may adversely affect its business operation and financial condition.
- The Company's success largely depends upon its ability to attract and retain the Company's Promoters, Directors, Key Managerial personnel with technical expertise. The Company's inability to attract and retain them and other personnel with technical expertise could adversely affect its business, financial condition and results of operations.
- The Company's revenue from operations has reduced in Fiscal 2024 as compared to Fiscal 2023. If the company is unable to maintain or increase its revenue from operations, then it may have an adverse effect on the Company's business operations and its growth strategies.
- The Company's inability to manage inventory in an effective manner could affect its business.
- The Issue Price, market capitalization to total income multiple, price to earnings ratio and enterprise value to EBITDA ratio based on the Issue Price of the Company, may not be indicative of the market price of the Equity Shares on listing.
- The company has relied on the quotations received from third parties in relation to the funding Capital Expenditure towards opening of new stores which is proposed to be financed from the Issue proceeds of the IPO.
- The Company's Promoters, Directors and KMPs may have interests other than reimbursement of expenses incurred and normal remuneration or benefits in the Company.
- The Company's management will have broad discretion in how the company apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Issue will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by us will result in any increase in the value of your investment.
- The Company's proposed capacity expansion plans are subject to the risk of unanticipated delays in implementation due to factors including delays in construction, obtaining regulatory approvals in timely manner and cost overruns.
- The Company's funding requirements and the deployment of Net Proceeds are based on management estimates and quotations received and have not been independently appraised. Any variation in the utilisation of Net Proceeds of the Fresh Issue as disclosed in this Red Herring Prospectus shall be subject to compliance requirements, including prior shareholders' approval.
- The Company's ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
- The company is subject to the risk of failures of or a material weakness in the Company's internal control systems.
- Strikes, work stoppages or other employee disputes could adversely affect the Company's operations.
The Issue type of Game Changers Texfab Ltd is Book Building - SME.
The minimum application for shares of Game Changers Texfab Ltd is 2400.
The total shares issue of Game Changers Texfab Ltd is 5376000.
Initial public offer of up to 53,76,000 equity shares of face value of Rs. 10.00 each of Game Changers Texfab Limited ("the Company" or the "Issuer") for cash at a price of Rs. 102 per equity share including a share premium of Rs. 92 per equity share (the "Issue Price") aggregating to Rs. 54.84 crores ("the Issue") out of the issue up to 2,70,000 equity shares aggregating to Rs. 2.75 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of up to 51,06,000 equity shares of face value of Rs. 10.00 each at a price of Rs. 102 per equity share including a share premium of Rs. 92 per equity share aggregating to
Rs. 52.08 crores is herein after referred to as the "Net Issue". The issue will constitute 30.05% of the post issue paid up equity share capital of the company.