Happy Steels Ltd IPO

Happy Steels Ltd IPO

Castings, Forgings & Fastners

sme

Bidding period

09 Jul 2026 - 13 Jul 2026

Bid price

₹62.00 - ₹66.00

Listing on

NSE-SME

Listing date

16 Jul 2026

Lot size

2000 shares

Issue size

To be announced


Minimum investment

₹2,64,000.00 / 2 lot

Maximum investment

₹2,64,000.00 / 2 lot

Bidding closes in 9 days

Open Demat Account
Open Demat Account

Happy Steels Ltd IPO dates

IPO opening date

09 Jul 2026

IPO end date

13 Jul 2026

Allotment date

14 Jul 2026

Initiation of refunds

15 Jul 2026

Credit of shares to demat

15 Jul 2026

IPO listing date

16 Jul 2026

Happy Steels Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹78.37
Total liabilities ₹78.37
Total expenditure ₹75.83
Total revenue ₹80.99
Profit after tax ₹4.83
EBITDA ₹11.10
Adjusted EBITDA ₹0.00

Happy Steels Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 0.0 0.0
Public group 100.0 100.0

Happy Steels Ltd strengths and risks

Information currently unavailable

  • Customization Expertise.

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

  • Sustainable business model.

  • Marquee clientele.

  • The company's top ten customers contribute majority of the company's revenues from operations and the company does not have long-term or firm commitment arrangements with any of the company's customers. Any loss of business from one or more of them may adversely affect its revenues and profitability.

  • A significant portion of the company's purchases is sourced from a limited number of suppliers, with its top ten suppliers accounting for a substantial share of the company's total purchases. Also, the company does not have long-term or firm commitment arrangements with any of its suppliers. Any disruption in supplies, deterioration in relationships, or inability of such suppliers to meet the company's requirements on commercially acceptable terms could adversely affect its production schedules, operating margins and business operations.

  • The company's business is largely concentrated in three States i.e. Punjab, Haryana and Tamil Nadu, any adverse developments in these states may negatively impact the company's business, financial condition and results of operations.

  • A portion of the company's revenue is derived from its growing export operations that are concentrated in select overseas markets, particularly Indonesia, and are subject to risks arising from changes in international trade policies, government regulations and geopolitical developments.

  • The company has substantial capital expenditure and working capital requirements and may require additional capital and financing in the future and the company's operations could be curtailed if the company is unable to obtain the required additional capital and financing when needed.

  • Fluctuation in the prices of the company's principal raw materials, power, fuel and consumables may adversely affect its business, profitability and results of operations.

  • In the past the company has entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the equity shareholders. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the company's financial condition and results of operations.

  • The company's operations require significant power and fuel, and any disruption in supply or increase in utility costs may adversely affect its results of operations.

  • The company's inability to collect receivables and default in payment from its customers could result in the reduction of the company's profits and affect its cash flows.

  • The company is required to maintain high levels of inventory, and any inability to effectively manage its inventory may adversely affect the company's business, working capital and results of operations.

Happy Steels Ltd IPO registrar

Bigshare Services Pvt Ltd

Phone number 022 62638200
E-mail ID ipo@bigshareonline.com
Website www.bigshareonline.com

Happy Steels Ltd IPO reservation

QIB shares offered

7,19,600 (19.0%)

NII (HNI) shares offered

5,39,700 (14.25%)

Retail shares offered

12,59,300 (33.24%)

Anchor investor shares offered

10,79,400 (28.5%)

Total shares offered

37,88,000

Total shares with anchor investor

37,88,000

Happy Steels Ltd IPO lead manager

  • Share India Capital Services Private Limited
  • Master Capital Services Limited

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Happy Steels Ltd IPO?

The listing date for the Happy Steels Ltd IPO is 16 Jul 2026.

What is the issue size of Happy Steels Ltd IPO?

The issue size of the Happy Steels Ltd IPO is unknown cr.

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

The minimum lot size for Happy Steels Ltd IPO is 2000

When does the Happy Steels Ltd open and close?

Happy Steels Ltd IPO is open from 09 Jul 2026 to 13 Jul 2026.

How can I apply for the Happy Steels Ltd IPO?

To apply for the Happy Steels Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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