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Happy Steels Ltd.

SME
ListedListed on 16 Jul 2026+3.0%

Price Range

₹62–66

Issue Size

₹ 18 Cr

Lot Size

4000 Shares

Min. Investment

₹ 2,48,000

Financial Summary

(in crores)
ParticularsFY 2025-26FY 2024-25
Operating Revenue9,464.268,214.03
Other Income193.0438.4
Total Income9,657.38,252.43
Total Expenses8,129.817,403.26
Profit Before Tax952.12320.15
Total Profit710.23234.19

Subscription Details

Subscription data not yet available

IPO Timeline

IPO Offer Start

9 Jul 2026

IPO Offer Ends

13 Jul 2026

Listing Date

16 Jul 2026

Use of Proceeds

#PurposeAmount (₹ Cr)
1Repayment/ Prepayment of Term Loans to Banks54.554

Promoters

Parveen Garg Huf

Promoter Shareholding

Pre-IPO

99.33%

Promoter stake

Post-IPO

72.99%

Promoter stake

Offered to Public

27,12,000

shares

Post Share Capital

1,04,27,522

shares

About the Company

Our Company was incorporated in 1996 and is an integrated manufacturer of Safety-Critical, Forged and Machined Transmission and Driveline components for On-highway, Off-highway, EV and Defence applications. Our Company’s product portfolio consists of wide range of Axles, Long Spline Shafts, Spindle and other related components that are critical of vehicle performance and safety. Over the years, our Company has developed strong capabilities in manufacturing safety-critical, high strength and load-bearing components through a combination of forging, precision machining, and stringent quality control processes that are supplied to original equipment manufacturers (“OEMs”) and Tier-I suppliers in India and overseas. Our manufacturing operations are supported by an integrated process covering raw material procurement, forging, heat treatment, machining, gear cutting, drilling, surface hardening, grinding, inspection and packing. These capabilities enable us to manufacture components with defined mechanical properties, dimensional accuracy and consistency, in line with customer specifications. Since commencement of our commercial operations in 1996, we have progressively scaled our operations and achieved production volumes of 5,247.83 MT per annum of machines in cutting process, 4,545.43 MT per annum of machines in Forging Process and 3,321.47 MT per annum of machines in Machining Process during the Financial Year 2025.

Use of Proceeds

1. Capital expenditure towards purchase of additional Plant and Machinery for our existing manufacturing unit; 2. Repayment/ Prepayment of Term Loans to Banks, and 3.General Corporate Purpose.