Happy Steels Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹7(10.61%)
Premium (ELP)
The Initial Public Offering of Happy Steels Limited's culminated in its successful listing on Jul 16, 2026 at the NSE trading platform. The company secured 37,88,000 Shares through this capital market exercise, with 37,88,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹62 to ₹66, with minimum investment requirements of 2000 shares. The subscription period from Jul 09, 2026 to Jul 13, 2026 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Jul 14, 2026. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Happy Steels Limited was incorporated in 1996 and is engaged in manufacturing axles, axle shafts, and precision-engineered forged and machined components for the automotive industry. The company is part of an industrial group with over five decades of engineering experience and supplies products to leading automobile OEMs in India and international markets. Its modern manufacturing facility is equipped with advanced forging, heat treatment, and CNC machining technologies to produce high-quality automotive components. Happy Steels follows strict quality control standards at every stage of production and is certified under IATF 16949:2016. The company has also received several "Best Supplier" awards from leading automotive manufacturers for its quality, reliability, and consistent performance, while continuing to expand its presence in both domestic and global markets.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Integrated Manufacturing: The company manages the entire manufacturing process in-house, ensuring better quality control and operational efficiency.
- Safety-Critical Product Portfolio: It manufactures essential components used in automobiles, defence, electric vehicles, and off-highway applications, contributing to safety and performance.
- Strong Industry Experience: With nearly 30 years of experience, the company has developed strong expertise in forging, heat treatment, precision machining, and quality management.
- Supplier Dependency: The company relies on a limited number of suppliers for key raw materials. Any disruption in supply or price increases could affect production.
- High Capital Requirement: The business requires significant investment and working capital to support operations and future expansion.
- Raw Material & Energy Cost Risk: Changes in the prices of steel, electricity, fuel, and other key inputs may increase costs and impact profitability.
- Mr. Parveen Kumar Garg
- Mr. Abhishek Garg
- Mr. Deepak Garg
- Parveen Kumar Garg (HUF)
Happy Steels Limited
Bigshare Services Private Limited