Happy Steels Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹5(7.58%)
Premium (ELP)
The public offering of Happy Steels Limited's is now live, with subscription applications being processed for the 37,88,000 Shares issue. This includes 37,88,000 Shares in fresh equity capital.
Investors can currently participate at prices within the ₹62 to ₹66range, with minimum application requirements of 2000 shares. The active subscription period represents a critical phase in the company's public market journey.
Applications must be submitted by Jul 13, 2026 to be considered for allotment. The basis of allotment will be announced on Jul 14, 2026, with subsequent listing activities commencing on Jul 16, 2026 at the NSEtrading facility.
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."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
- 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