Happy Steels Ltd.
SMEBSE₹62–66
₹ 18 Cr
4000 Shares
₹ 2,48,000
₹10
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 9,464.26 | 8,214.03 | |
| 193.04 | 38.4 | |
| 9,657.3 | 8,252.43 | |
| 8,129.81 | 7,403.26 | |
| 952.12 | 320.15 | |
| 710.23 | 234.19 |
Subscription Details
IPO Timeline
IPO Offer Start
9 Jul 2026
IPO Offer Ends
13 Jul 2026
16 Jul 2026
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Capital Expenditure towards purchase of additional plant and | 116.829 |
| 2 | Repayment/ Prepayment of Term Loans to Banks | 54.554 |
Promoters
Book Running Lead Managers
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.