
Game Changers Texfab Limited is a textile company specializing in sourcing a wide variety of fabrics, with a focus on women's wear and technical textiles like outdoor and PVC-coated fabrics. The company operates on a customer-centric, asset-light 'Deemed Manufacturing' model, outsourcing production to a network of third-party units. It manages over 10 sourcing offices and serves both B2B clients, such as export houses and boutiques, and B2C customers through its two retail experience stores and an e-commerce platform, tradeuno.com. Under its brands 'TradeUNO' and 'Fall in Love', it also offers ready-made, semi-stitched, and made-to-measure garments with in-store customization.
Oct 28, 2025
Oct 30, 2025
Nov 04, 2025
SME
Closed
54.84 Cr
54.84 Cr
0 Cr
₹96 - ₹102
1200
The main objectives of the issue are to utilize the net proceeds for the following purposes:
Funding capital expenditure of approximately ₹1,500.00 lakhs towards the launch and furnishing of six new retail stores in Chandigarh, Lucknow, Noida, Ahmedabad, Delhi, and Pune to expand the company's retail footprint.
Funding incremental working capital requirements of the company to the extent of ₹2,550.00 lakhs in Fiscal 2026 to support growing business needs and operational scale.
Allocating the balance proceeds for general corporate purposes, which may include strategic initiatives, brand building, marketing activities, and funding unidentified inorganic acquisitions to strengthen market presence.
3.26
3
80.59%
65.97%
80.59%
0.27
10.44%
16.09%
6.08
Asset-light 'Deemed Manufacturing' model allows for scalability and agility without heavy capital investment in production facilities.
Extensive sourcing network with over 10 offices and 500+ suppliers, providing access to a diverse range of fabrics at competitive prices.
Customer-centric approach offering customized solutions, including Made-to-Measure garments and value-added services.
Experienced promoters with a combined background in technology and textiles, driving a tech-enabled marketplace.
High concentration of revenue and purchases, with significant dependence on a few top customers and suppliers.
Very limited digital presence, with online sales contributing less than 1% of total revenue in recent fiscal years.
History of procedural lapses and non-compliance with certain corporate filings, which could pose regulatory risks.
Operations are based out of rented and unregistered properties, creating a risk of lease non-renewal and operational disruption.
Expansion of the B2C segment by opening new retail stores in major cities, funded by IPO proceeds.
Leveraging the e-commerce platform 'tradeuno.com' to increase online sales and capture a larger direct-to-consumer market.
Growing demand in the Indian textile industry, particularly for specialized and technical textiles.
Strengthening the product portfolio in high-margin technical textiles through exclusive international distribution partnerships.
Intense competition from a large number of organized and unorganized players in the highly fragmented textile market.
Vulnerability to rapid shifts in consumer fashion trends and preferences, which can lead to inventory obsolescence.
Foreign exchange rate fluctuations may increase the cost of imported fabrics, impacting profitability.
Potential for economic slowdown in India, which could reduce consumer spending on apparel and textiles.