Happy Steels IPO
Happy Steels is an NSE SME IPO is priced at ₹62–₹66 per share with an issue size of ₹25 crore. The IPO opens on Jul 9, 2026 and closes on Jul 13, 2026, with a lot size of 2000 shares and a minimum investment of ₹2,64,000.
Happy Steels IPO
- IPO Dates
- Jul 9, 2026 – Jul 13, 2026
- Price band
- ₹62-66 per equity share
- Minimum Investment
- ₹2,64,000
- Issue size
- ₹25 Cr
- Lot size
- 2000
- Allotment Date
- Jul 14, 2026
- Listing
- Jul 16, 2026
- Listing At
- NSE SME
IPO timeline
-
Jul 9, 2026
Open Date
Upcoming
-
Jul 13, 2026
Close Date
Upcoming
-
Jul 14, 2026
Allotment Date
Upcoming
-
Jul 16, 2026
Listing Date
Upcoming
Happy Steels IPO Essentials
Happy Steels IPO Details
Happy Steels IPO is priced at ₹62-66 per share with a total issue size of 25 crore. The IPO has a lot size of 2000 shares and will be listed on NSE SME.
- Issue price
- ₹62-66 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 37,88,000 shares (agg. up to ₹25 Cr)
- Total issue size
- 37,88,000 shares
(aggregating up to ₹25 crore) - Fresh issue
- 37,88,000 shares
(aggregating up to ₹25 crore) - Listing at
- NSE SME
- Listing date
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead manager
-
Share India Capital Services Pvt.Ltd.,, Master Capital Services Ltd.
Market Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 4,000 | ₹2,64,000 |
| Individual(max) | 2 | 4,000 | ₹2,64,000 |
| sHNI(min) | 3 | 6,000 | ₹3,96,000 |
| sHNI(max) | 7 | 14,000 | ₹9,24,000 |
| bHNI(min) | 8 | 16,000 | ₹10,56,000 |
Happy Steels IPO Documents
Happy Steels IPO Analytics
Happy Steels Valuations
Fundamentals
- Market Cap
- Cr.
Happy Steels Financials( In Crs.)
| 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 93.95 | 78.62 | 78.37 | 69.53 |
| Revenue | 47.93 | 82.52 | 82.24 | 94.20 |
| Profit After Tax | 3.93 | 2.34 | 4.69 | 0.40 |
| Net Worth | 36.81 | 32.88 | 30.54 | 25.85 |
| Reserves & Surplus | 35.31 | 31.38 | 29.04 | 24.35 |
| Total Borrowing | 42.25 | 34.22 | 35.69 | 26.38 |
Happy Steels Company & Offer Insights
About Happy Steels
Founded in 1996, Happy Steel Limited is an integrated manufacturer of safety critical, forgings and machined transmission and driveline components for applications on highway, off-highway, electric vehicle (EV) and defense sectors.
The company operates through all manufacturing process steps that include sourcing raw materials, forging, heat treatment, precision machining, gear cutting, drilling, surface hardening, grinding, inspection, and packaging. The integrated manufacturing process allows the company to manufacture components with mechanical properties, accurate dimensions, and quality as per customers' requirements.
Products manufactured by Happy Steel Limited include a variety of axles, long spline shafts, spindles and many other safety critical and load bearing components which are extremely essential for vehicle performance and safety. The products are supplied to OEMs and Tier I suppliers in India and internationally.
The firm has built up considerable knowledge in the internal manufacture of high strength and high-performance parts using advanced forging, machining, and rigorous quality control processes. The company's quality system is structured in such a way as to guarantee adherence to customers' specifications, as well as relevant regulation and international industry standards.
As of December 31, 2025, Happy Steel Limited had a staff strength of 429 people in different divisions.
Happy Steels Promoter(s)
Mr Parveen Kumar Garg, Mr Abhishek Garg, Mr Deepak Garg, Parveen Kumar Garg (HUF) are the company's promoters of Happy Steels.
Happy Steels IPO Issue Objectives
- •
- Capital Expenditure towards purchase of additional plant and machinery for the existing manufacturing unit
- •
- Repayment/ Prepayment of Term Loans to Banks
- •
- General corporate purposes
Contact Information
Contact Details
Happy Steels
+91 6239821029
Kanganwal Road, Jaspal, Banger, Ludhiana, Punjab, 141122
Registrar Contact Details
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
Frequently Asked Questions
Click any question to reveal the answer
Happy Steels IPO is a book-built IPO worth ₹25 crore. The price band is ₹62–₹66 per share. The IPO opens on Jul 9, 2026 and closes on Jul 13, 2026. It will be listed on NSE SME Platform. Bigshare Services Pvt. Ltd. is the registrar.
The price band of Happy Steels IPO is ₹62 to ₹66 per share.
The lot size of Happy Steels IPO is 2000 shares.
The minimum investment for Happy Steels IPO is approximately ₹2,64,000 based on the upper price band .
Happy Steels IPO opens on Jul 9, 2026 and closes on Jul 13, 2026.
The allotment date of Happy Steels IPO is Jul 14, 2026.
Happy Steels IPO is expected to be listed on Jul 16, 2026, on NSE SME Platform.
The Grey market premium (GMP) for Happy Steels IPO indicates market sentiment and potential listing expectations based on unofficial trading activity.
Happy Steels IPO valuation snapshot: P/E N/A, EPS ₹/-, P/B N/A, RoNW %, and market cap Cr.
To apply for Happy Steels IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Happy Steels IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Happy Steels IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Happy Steels IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Happy Steels IPO allotment status on IPO Ji for quick and easy access.