Happy Steels Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Happy Steels Ltd IPO

Our Company was incorporated in 1996 and is an integrated manufacturer of Safety-Critical, Forged and Machined Transmission and Driveline components for On-highway vehicles, Off-highway vehicles, EV and Defence applications. Our Company's product portfolio consists of wide range of Axles, Long Spline Shafts, Spindle and other related components that are critical of vehicle performance and safety.

Happy Steels Ltd IPO Details

Total Shares Offered

₹ 37,88,000

Offer to Public

TBA

Retail Max (Shares)

₹ 12,60,000

Pre Issue Promoters Holding

₹ 1,04,27,522

Exchange

NSE

Issue size

₹ 25 Cr

IPO Open Date

Jul 9, 2026

Close Date

Jul 13, 2026

Lot Size

4000

Min Investment

₹ 2,48,000

Issue Type

Book Building - SME

Listing Date

Jul 16, 2026

Happy Steels Ltd IPO Dates

Jul 9, 2026

Opening date

Jul 13, 2026

Closing date

Jul 14, 2026

Basis of Allotment

Jul 15, 2026

Initiation of Refunds

Jul 15, 2026

Credit of Shares

Jul 16, 2026

Listing date

Details

Sector	Type
Sector	Castings & Forgings
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	1798000
NII	0x	540000
Retail	0x	1260000
Employee	0x	0
Total	0x	3788000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1798000

540000

1260000

3788000

Happy Steels Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	8.55	2.75	1.86
EBITDA	10.69	4.95	3.69
PAT	4.83	0.43	0.01
Total Assets	52.71	46.17	47.29
Share Capital	1.50	1.50	1.50
Total Borrowings	27.57	19.02	28.69
Operating Activities (Net Cash)	6.97	2.63	1.84
Investing Activities (Net Cash)	0.00	0.00	-3.09
Financing Activities (Net Cash)	27.57	19.02	28.69
Net Cashflow	0.22	0.29	0.33

About Happy Steels Ltd

Our Company was originally incorporated as `Happy Steels Private Limited' as a private limited company under the Companies Act, 1956 on June 14, 1996 pursuant to a Certificate of Incorporation bearing No. 16-18348 issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh (the RoC). Thereafter, our Company was converted into a public limited company from a private limited company pursuant to a special resolution passed by the shareholders of our Company on February 15, 2025 consequent to which the name of our Company changed from `Happy Steels Private Limited' to `Happy Steels Limited' and a fresh Certificate of Incorporation bearing CIN: U35923PB1996PLC018348 was issued by the Registrar of Companies, Chandigarh (the RoC) on March 20, 2025.

Peer Comparison:

EMM Force Autotech Limited
Kross Limited
GNA Axles Limited

Happy Steels Ltd Key Points

Strengths

Customization Expertise

Experienced Promoter and management team with strong industry expertise and successful track record.

Sustainable business model.

Marquee clientele.

Risk

Our top ten customers contribute majority of our revenues from operations and we do not have long-term or firm commitment arrangements with any of our customers. Any loss of business from one or more of them may adversely affect our revenues and profitability.

Our business is largely concentrated in three States i.e. Punjab, Haryana and Tamil Nadu, any adverse developments in these states may negatively impact our business, financial condition and results of operations.

Our inability to collect receivables and default in payment from our customers could result in the reduction of our profits and affect our cash flows.

Strategy

Focus on Expansion to New Geographies.

Optimizing Product Mix.

Technological and Forging Infrastructure Enhancement.

How To Apply for Happy Steels Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Happy Steels Ltd IPO?

Happy Steels Ltd's IPO offers shares for up to 25 It begins on Jul 9, 2026 and ends on Jul 13, 2026.

What is the price of the Happy Steels Ltd IPO?

The price of Happy Steels Ltd IPO ranges between ₹62 to ₹66 per share.

What are the open and close dates for the Happy Steels Ltd IPO?

The Happy Steels Ltd IPO opens on Jul 9, 2026 and closes on Jul 13, 2026.

When will the Happy Steels Ltd IPO be allotted?

The allotment for the Happy Steels Ltd IPO will be finalised on Jul 14, 2026. The shares will be listed on BSE and NSE on Jul 16, 2026.

What is the minimum lot size required for Happy Steels Ltd IPO?

The minimum lot size for Happy Steels Ltd IPO is 4000 shares, priced between ₹62 to ₹66 per share.

What is the GMP of Happy Steels Ltd IPO?

The GMP (Grey Market Premium) of Happy Steels Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Happy Steels Ltd IPO?

To check the allotment status of Happy Steels Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Happy Steels Ltd IPO getting listed?

The Happy Steels Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 9, 2026, and closes on Jul 13, 2026. The allotment is finalised on Jul 14, 2026.

How do you apply for the Happy Steels Ltd IPO?

To apply for the Happy Steels Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.