Happy Steels Limited
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The capital markets are poised for the arrival of Happy Steels Limited's's Initial Public Offering, targeting a total fundraise of 37,88,000 Shares. This comprises 37,88,000 Shares in new capital generation.
Investors can consider participating in this offering within the stipulated price range of ₹62 to ₹66, with each application lot consisting of 2000 shares. The IPO represents a milestone event in the company's corporate journey.
The subscription period commences on Jul 09, 2026 and will remain open until Jul 13, 2026. The basis of allotment will be announced on Jul 14, 2026, with trading expected to initiate on Jul 16, 2026 across the NSE platform.
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.
- Diversified Steel Product Portfolio: Manufactures a range of steel products serving multiple industrial and infrastructure applications.
- Established Manufacturing Facility: Well-equipped production infrastructure supports consistent quality and operational efficiency.
- Growing Demand from Infrastructure Sector: Benefits from increasing demand driven by construction, infrastructure, and industrial development.
- Raw Material Price Fluctuations: Changes in steel scrap and other input costs can affect profit margins.
- Highly Competitive Industry: Faces intense competition from large integrated steel producers and regional manufacturers.
- Dependence on Economic Activity: Demand is closely linked to construction, infrastructure, and overall industrial growth.
- Mr. Parveen Kumar Garg
- Mr. Abhishek Garg
- Mr. Deepak Garg
- Parveen Kumar Garg (HUF)
Happy Steels Limited
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