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Happy Steels Ltd. IPO
IPO Timeline
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9 Jul 2026Bidding Starts
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13 Jul 2026Bidding Ends
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14 Jul 2026Allotment Finalization
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16 Jul 2026Listing
About Happy Steels Ltd.
The 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. the 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. Over the years, the Company has developed strong capabilities in manufacturing safety-critical, high strength and load-bearing components through a combination of forging, precision machining, and stringent quality control processes that are supplied to original equipment manufacturers (“OEMs”) and Tier-I suppliers in India and overseas. The manufacturing operations are supported by an integrated process covering raw material procurement, forging, heat treatment, machining, gear cutting, drilling, surface hardening, grinding, inspection and packing. These capabilities enable us to manufacture components with defined mechanical properties, dimensional accuracy and consistency, in line with customer specifications.
Happy Steels Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 10,79,400 (28.5%) |
| Market Makers | 1,90,000 (5.02%) |
| Non Institutional Investors | 5,39,700 (14.25%) |
| Qualified Institutional Buyers (QIBs) | 7,19,600 (19%) |
| Retail Individual Investors (RIIs) | 12,59,300 (33.24%) |
Happy Steels Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2025 | 82.52 Cr | 2.53 Cr | 31.60 Cr |
| 31 Mar 2024 | 82.24 Cr | 4.83 Cr | 29.06 Cr |
| 31 Mar 2023 | 94.12 Cr | 37.69 Lakh | 24.33 Cr |
Happy Steels Ltd. Background
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1996The Company was incorporated in 1996 under the name and style of “Happy Steels Private Limited” and commenced its operations with the manufacture of axle shafts for tractors from a facility admeasuring approximately 2,600 square yards.
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2000Expanded by acquiring of 18,400 square yard land and installing a 1200-ton Horizontal Forging Press and Heat Treatment Furnace.
Entered the off-road vehicles equipment segment with direct supplies to Original Equipment Manufacturer (OEM) companies
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2007Established a Machine Component Division to transition from conventional to CNC machining.
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2013Commissioned a second 1200-ton Heavy Duty Horizontal Forging Press and Heat Treatment Furnace to enhance capacity.
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2018Entered the Commercial Vehicle and Defence Sectors with direct supplies to Original Equipment Manufacturers (OEMs) companies.
1. Capital expenditure towards purchase of additional Plant and Machinery for our existing manufacturing unit.
2. Repayment/ Prepayment of Term Loans to Banks.
3. General Corporate Purpose.
The India agricultural tractor machinery market size in 2026 is estimated at USD 3.99 billion, growing from 2025 value of USD 3.60 billion with 2031 projections showing USD 6.71 billion, growing at 10.93% CAGR over 2026- 2031. Rising subsidy coverage for implements, an acute farm labor crunch, ... Read more
FAQs
When does Happy Steels Ltd. IPO opens and closes?
Happy Steels Ltd. IPO opens from 9th July to 13th July 2026.What is the size of Happy Steels Ltd. IPO?
The size of the Happy Steels Ltd. IPO is ₹25.00 Cr.What is the price range of Happy Steels Ltd. IPO?
The price range of Happy Steels Ltd. IPO is at ₹62 to ₹66 per share.What is the minimum investment and lot size required for the Happy Steels Ltd. IPO?
The minimum investment required is ₹1,32,000 and minimum lot size is 2000 shares.When is Happy Steels Ltd. IPO listing date?
The Happy Steels Ltd. IPO will be listed on 16th July 2026.What is the objective of Happy Steels Ltd. IPO?
1. Capital expenditure towards purchase of additional Plant and Machinery for our existing manufacturing unit.2. Repayment/ Prepayment of Term Loans to Banks.
3. General Corporate Purpose.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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