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Happy Steels Ipo

SMEClosed
77.81x
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Happy Steels Ipo Details

Bidding date

9 - 13 Jul 26

Minimum investment

₹2,64,000

Lot size

4,000

Price range

₹62 - ₹66

Issue size

37.88 L Shares

IPO doc

RHP PDF

Allotment date

14 Jul 26

IPO Status

Offer start

9 Jul 26

Offer end

13 Jul 26

Allotment

14 Jul 26

Refund initiation

15 Jul 26

Demat transfer

15 Jul 26

Listing

16 Jul 26

Subscription Rate

Investor CategorySubscription Rate
QIB (Excl. Anchor)59.01x
NII113.6x
NII (Above 10L)83.26x
Individual Investors73.25x
Total Subscription77.81x
About the company

Incorporated in 1996, Happy Steel Limited 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 operates across the complete manufacturing value chain, with capabilities spanning raw material procurement, forging, heat treatment, precision machining, gear cutting, drilling, surface hardening, grinding, inspection, and packing. This integrated process framework enables the company to deliver components with defined mechanical properties, high dimensional accuracy, and consistent quality in line with stringent customer specifications. Its product portfolio includes a wide range of axles, long spline shafts, spindles, and other safety-critical and load-bearing components that play a crucial role in vehicle performance and safety. These products are supplied to original equipment manufacturers (OEMs) and Tier-I suppliers in India and overseas markets. The company operates a manufacturing facility in Ludhiana, Punjab, covering approximately 16,427 square yards with an installed capacity of 8,640.00 MT per annum for cutting operations, 7,776.00 MT per annum for forging, and 5,861.21 MT per annum for machining, enabling scalable production across multiple product categories. As of May 31, 2026, Happy Steel Ltd. employed 403 personnel across various departments, supporting operations, quality assurance, engineering, and management functions.

Issue size

Funds Raised in the IPOAmount
Overall Issue Size₹25 Cr
Reserved for Market Maker₹1.25 Cr
Net Offer to Public

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