White Force SME IPO GMP Today: Price Band, Lot Size, Financials & Listing Expectations

Mark your calendars for this exciting SME opportunity! The White Force IPO opens for subscription from 3rd-7th July 2025, offering shares at ₹72-76 each. Here’s what you need to know:

Investment Essentials:

• Lot Size: 1,600 shares
• Minimum Investment: ~₹2.30 lakh
• Total Issue Size: ₹24.25 crore (Fresh Equity)
• Listing: BSE SME Platform

Why Consider This IPO?
✅ Growth Potential: Operating in an expanding industry sector
✅ Affordable Entry: Lower price band compared to many mainboard IPOs
✅ SME Advantage: Potential for significant listing gains

White Force IPO GMP Table + Daily Note

🔔 Note (10 July 2025):

Grey Market Premium remains unchanged at ₹5, showing stable but low demand. A small listing gain of around 6.5% is expected if sentiment holds.
Always remember, GMP is not official — invest only after doing your own research.

White Force Outsourcing Services Limited: HR Solutions Pioneer

Founded in 2017 and led by Managing Director Mrs. Poonam Rajpal, White Force has emerged as an innovative HR outsourcing partner, offering end-to-end workforce solutions that span recruitment, onboarding, talent management, and separation services. The company combines technology-driven approaches with deep HR expertise to help businesses across India optimize their human capital strategies throughout the entire employee lifecycle.

Company Headquarters and Market Reach

Operating from its corporate office at 240 Nagpur Road in Jabalpur’s Madan Mahal area (Pin: 482008), White Force capitalizes on its central Indian location to provide pan-India HR solutions. The company’s geographical positioning facilitates efficient service delivery across multiple industries, enabling organizations to optimize their human resource management while achieving significant operational cost savings through tailored outsourcing models.

Technology-Driven HR Solutions

White Force’s competitive edge lies in its proprietary HR database – a powerful digital asset that enables tailored payroll administration and adaptive workforce solutions. By integrating advanced technological platforms with client systems, the company delivers seamless, compliant HR services that enhance operational efficiency while maintaining rigorous data security standards across all staffing processes.

Industry-Specific HR Solutions

White Force serves diverse sectors including manufacturing, IT, FMCG, healthcare, and financial services with its adaptable staffing model. This flexible approach enables clients to efficiently scale their workforce according to market demands, providing crucial agility in today’s rapidly changing business landscape and establishing the company as a reliable HR partner across industries.

Growth Potential Through Comprehensive HR Solutions

White Force is strategically positioned to benefit from India’s growing HR outsourcing trend, combining its end-to-end service capabilities with technological expertise and a competent team. As businesses increasingly seek cost-efficient and streamlined HR operations, the company’s integrated approach positions it for sustainable expansion in the evolving corporate landscape.

Investment Opportunity in HR Innovation

The White Force IPO presents investors with an established player in India’s burgeoning HR outsourcing sector, distinguished by its tech-enabled solutions and sector-agnostic service model. The company’s demonstrated capability to deliver customized workforce solutions positions it strongly to capitalize on the expanding HR services market, offering investors exposure to this specialized segment with growth potential.

White Force Financial Performance (2023-2025)

• 2023 Revenue: ₹52.70 crore
  • Achieved through comprehensive HR solutions and expanding client base
  • Demonstrated steady growth in competitive outsourcing market
• 2024 Projection: ₹69.29 crore (31.5% increase)
  • Growth driven by:
    ✓ Rising demand for flexible staffing
    ✓ Expansion of workforce planning services
    ✓ Multi-sector client acquisition
• 2025 Target: ₹97.41 crore (40.6% increase from 2024)
  • Expected growth drivers:
    ✓ Technology-driven service innovations
    ✓ Strategic market expansion
    ✓ Enhanced service offerings

White Force Profit Growth (2023-2025)

• 2023 Profit: ₹1.79 crore
  • First full year of profitability
  • Established foothold in competitive HR outsourcing market
• 2024 Projection: ₹4.39 crore (145% increase)
  • Growth drivers:
    ✓ Improved operational efficiency
    ✓ Expanded service offerings
    ✓ Increased client acquisition
• 2025 Target: ₹5.90 crore (34% increase from 2024)
  • Expected through:
    ✓ Business process optimization
    ✓ Strategic client retention programs
    ✓ Economies of scale

White Force Asset Growth (2023-2025)

• 2023 Assets: ₹14.32 crore
  • Established solid operational foundation
  • Supported initial service capabilities
• 2024 Projection: ₹28.42 crore (98% increase)
  • Expansion through:
    ✓ Infrastructure investments
    ✓ Technology upgrades
    ✓ Working capital enhancement
• 2025 Target: ₹39.64 crore (40% increase from 2024)
  • Growth supporting:
    ✓ Business scaling initiatives
    ✓ Long-term sustainability plans
    ✓ Enhanced service capacity

📈 Expected Listing of White Force SME IPO

The White Force SME IPO is generating considerable buzz among both retail investors and market analysts, with current grey market premium (GMP) indicators pointing towards a healthy premium over the issue price. This strong grey market demand suggests the IPO could witness enthusiastic participation during the subscription period.

Market observers note that if the current positive sentiment persists, White Force shares may see an optimistic listing performance. The GMP’s upward trend reflects growing investor confidence in the company’s HR outsourcing business model and growth potential, potentially setting the stage for a favorable market debut.

The expected listing price of White Force IPO is being calculated using the latest GMP, which currently stands at ₹38. With a price band of ₹72 to ₹76, and GMP hovering around ₹38, the listing price could fall in the range of ₹114 to ₹118. This suggests a potential listing gain of approximately 50%, depending on final investor sentiment and overall market conditions.

The company’s strong revenue and profit growth from FY23 to FY25, as reflected in its financials, is also boosting market confidence. Add to this its positioning in the booming HR outsourcing and staffing sector — a niche that’s increasingly in demand as companies across sectors look for workforce flexibility post-COVID. This macro trend may fuel a stronger-than-expected listing.

That said, investors must remember that grey market premium (GMP) is an unofficial indicator. It doesn’t guarantee actual listing performance but provides a general sense of demand. Sometimes, oversubscription and positive sentiment push the expected listing price even higher on debut day, while broader market volatility can reduce it.

In summary, while the White Force SME IPO looks set for a strong listing as per current GMP signals, investors are advised to monitor last-day subscription numbers and GMP trends right until allotment. Based on market buzz and current data, the listing may surprise on the higher side, especially if the broader market remains stable.

⚠️ Risk Factors: Read Before You Invest

While the White Force SME IPO looks attractive due to its strong financial growth and presence in a fast-expanding HR outsourcing sector, investors must still be aware of some important IPO risks.

Firstly, as a relatively young company, White Force operates in a highly competitive space where margins can be affected by client loss, changing labor laws, or economic slowdowns. A dip in recruitment demand or delayed payments from clients can impact cash flows and profitability.

Secondly, the business heavily relies on certain key contracts and sectors. If any major client withdraws or changes terms, it may have a significant impact on revenue.

Additionally, being listed on the BSE SME platform, stock liquidity might be limited, making it slightly harder to exit large positions compared to Mainboard IPOs.

👉 Friendly Tip: Always review the company’s risk disclosures in the RHP and assess your own risk appetite before investing. A smart investor doesn’t just look at GMP – they look at the full picture.

🙋 Frequently Asked Questions – White Force SME IPO