Happy Steels Ltd.
SMENSE₹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
IPO Registrar
Bigshare Services Pvt Ltd
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.
Happy Steels Ltd. Latest News
IPO FAQs
The Happy Steels Ltd. IPO has a total of ₹18 crore, calculated at the upper end of the .
The Happy Steels Ltd. IPO is priced at ₹62–66 per share. bids must fall within this , against a of ₹10 per share.
The for the Happy Steels Ltd. IPO is 4,000 shares, which is also the minimum order quantity — you have to apply for at least 4,000 shares, and in multiples of 4,000 beyond that.
The minimum investment in the Happy Steels Ltd. IPO is about ₹2,48,000 — one lot of 4,000 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Happy Steels Ltd. opens on 9 Jul 2026 and closes on 13 Jul 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Happy Steels Ltd. shares were listed on 16 Jul 2026 on NSE.
Bigshare Services Pvt Ltd is the for the Happy Steels Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them.
Happy Steels Ltd. IPO shares are listed on NSE.
Each Happy Steels Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 99.33% of Happy Steels Ltd. before the IPO, which falls to 72.99% after the issue.
27,12,000 shares of Happy Steels Ltd. are being offered to the public in this issue.
- 1.Capital expenditure towards purchase of additional Plant and Machinery for our existing manufacturing unit
- 2.Repayment/ Prepayment of Term Loans to Banks
- 3.General Corporate Purpose
Share India Capital Services Pvt Ltd. and Master Capital Services Ltd. are the for the Happy Steels Ltd. IPO.
Pre-apply means placing your Happy Steels Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Happy Steels Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Happy Steels Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.