Happy Steels IPO
Price Band
₹62 – ₹66
Issue Size
₹25 Cr
Lot Size
2000 shares
Min ₹2,64,000
Issue Dates
9 Jul – 13 Jul 2026
Listing Date
16 Jul 2026
About Happy Steels Ltd
Happy Steels Ltd is an integrated manufacturer of safety-critical, forged and machined transmission and driveline components catering to on-highway, off-highway, electric vehicle (EV) and defence applications. The company provides end-to-end manufacturing capabilities including forging, heat treatment, precision machining, gear cutting, grinding, inspection and packaging for OEMs and Tier-I suppliers in India and overseas.
IPO Details
| Price Band | ₹62 – ₹66 |
| Face Value | ₹10 |
| Lot Size | 2000 shares(Min ₹2,64,000) |
| Issue Size | ₹25 Cr |
| Fresh Issue | ₹25 Cr |
| Listed On | NSE |
Objects of the Issue
Capital expenditure towards purchase of additional plant and machinery for the existing manufacturing unit, repayment/prepayment of term loans to banks, and general corporate purposes.
Key Financial Metrics
EPS (Basic)
₹6.77
P/E Ratio
13.28x
ROE
19.49%
ROCE
20.89%
Debt / Equity
1.18
Financial Performance
| Particulars (₹ Cr) | FY26 |
|---|---|
| Revenue | 96.57 |
| EBITDA | 15.27 |
| PAT | 7.1 |
| Total Assets | 99.66 |
| Net Worth | 39.98 |
| Total Borrowings | 47.18 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| Retail (RII) | 2 × 2000 | ₹2,64,000 | ₹2,64,000 |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 49.97% | No |
| NII (Non-Institutional Investors) | 15.01% | No |
| RII (Retail Individual Investors) | 35.02% | Yes |
| Employee Quota | 0% | No |
Registrar & Lead Managers
Registrar
Lead Managers (2)
Important Dates
Community Discussion
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