Happy Steels IPO Description – Happy Steels is an integrated engineering-driven manufacturer, primarily catering to the automotive and industrial components segment. Its core capabilities span reverse engineering, product design support, process development, validation, and precision manufacturing, enabling it to participate across multiple stages of the product lifecycle. The company works closely with OEMs and Tier-I suppliers, offering customized solutions from design finalization to serial production.
Its manufacturing ecosystem is vertically integrated, with in-house facilities for forging, machining, heat treatment, and quality testing. This integration ensures better control over production timelines, cost efficiencies, and consistent quality standards. The company’s product portfolio includes forged and machined components manufactured across diverse specifications, supporting various automotive and engineering applications. The company has a manufacturing facility in Ludhiana, Punjab, with an installed capacity of 7,776 MT for forging and 4,492.8 MT for machining annually. This capacity positioning allows the company to scale production efficiently while maintaining operational flexibility. As of 31 December 2025, the company had a total of 429 employees.
Promoters of Happy Steels – Mr. Parveen Kumar Garg, Mr. Abhishek Garg, Mr, Deepak Garg and Parveen Kumar Garg HUF
Happy Steels IPO Details
| Happy Steels IPO Dates | Coming soon |
| Happy Steels Issue Price | Coming soon |
| Fresh Issue | 38,50,000 shares |
| Offer For Sale | Nil |
| Total IPO Size | 38,50,000 shares |
| Minimum Bid | Coming soon |
| Lot Size | Coming soon |
| Pre-issue Shares | 1,04,98,180 shares |
| Face Value | INR 10 per share |
| Listing On | NSE Emerge |
Happy Steels IPO Category Allocation
Happy Steels Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 93.96 | 80.91 | 82.14 | 46.51 |
| Expenses | 93.67 | 75.88 | 79.32 | 42.69 |
| Net Income | 0.40 | 4.69 | 2.34 | 3.93 |
| Margin (%) | 0.43 | 5.80 | 2.85 | 8.45 |
Happy Steels Offer News
Happy Steels Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.39 | 4.47 | 2.23 |
| PE Ratio | – | – | – |
| Price/Book Ratio | – | – | – |
| Price/Sales Ratio | – | – | – |
| Current Ratio | 1.46 | 1.55 | 1.53 |
| RONW (%) | 1.56 | 15.36 | 7.12 |
| NAV | 24.62 | 29.09 | 31.32 |
| ROCE (%) | 8.36 | 20.11 | 13.07 |
| EBITDA (%) | 5.70 | 13.69 | 10.34 |
| Debt/Equity | 0.47 | 0.46 | 0.42 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
Happy Steels IPO Anchor Investors
Happy Steels raises () from anchor investors. Happy Steels Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
Happy Steels Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Capital Expenditure towards purchase of additional plant and machinery for the company’s existing manufacturing unit – INR 11.68 crore
- Repayment/Prepayment of term loans to banks – INR 5.46 crore
Happy Steels IPO GMP Today
Happy Steels IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of () shares and the anchor investor portion of () shares are not included in the above calculations.
Happy Steels IPO Allotment Status
You can check Happy Steels IPO allotment status on Bigshare Services’ website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
Happy Steels IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| IPO Listing Date | Coming soon |
| Opening Price on NSE Emerge | Coming soon |
| Closing Price on NSE Emerge | Coming soon |
Happy Steels Offer Lead Manager
SHARE INDIA CAPITAL SERVICES PVT. LTD.
A-15 Basement, Sector-64, Noida
–201301, Uttar Pradesh, India
Phone: +91-0120-4910000
Email: [email protected]
Website: www.shareindia.com
Happy Steels Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No S6-2 6th Floor, Pinnacle Business Park,
Mahakali Caves Rd, next to Ahura Centre,
Andheri East, Mumbai-400093
Tel: 022-62638200
E-mail: [email protected]
Website: www.bigshareonline.com
HAPPY STEELS LIMITED
Kanganwal Road, Jaspal Banger,
Ludhiana-141122, Punjab, India
Phone: +91 6239821029
E-mail: [email protected]
Website: www.happysteels.com
IPO Resources
What is the Happy Steels offer size?
Happy Steels offer size is INR NA crores.
What is the Happy Steels offer price band?
Happy Steels public offer price is INR NA per share.
What is the lot size of the Happy Steels IPO?
Happy Steels offer lot size is NA shares.
What is the Happy Steels IPO GMP today?
Happy Steels IPO GMP today is INR NA per share.
What is the Happy Steels IPO Subject to Sauda rate today?
Happy Steels Subject to Sauda rate today is INR NA per application.
Rajat Bhati has a strong technical background and 5 years of experience in the stock market. He focuses on equity research, technical analysis, IPO valuations, and risk management, helping investors make clearer, data-backed decisions. Today, he works full-time to educate people about the opportunities in IPO market.
