Happy Steels
16 Jul '26SME
Min. Investment
₹2,48,000
Issue size
₹25 Cr
GMP
Locked
Overall subscription: 72.03x
Check allotment status
Expert verdict
IPO dates
09 Jul
Opening
13 Jul
Closing
14 Jul
Allotment
16 Jul
Listing
*Refunds will be initiated on 15 Jul '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,64,000 |
Subscription (as on 02 August 2026, 08:33 AM)
Overall72.03x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 1996|MD: Mr Abhishek Garg
- Happy Steels Limited is an integrated manufacturer of safety-critical forged and machined transmission and driveline components for on-highway, off-highway, electric vehicles (EVs), and defence applications.
- Its product portfolio includes axles, long spline shafts, spindles, and other transmission components supplied to original equipment manufacturers (OEMs) and Tier-I suppliers in India and overseas. The company carries out an integrated manufacturing process covering raw material procurement, forging, heat treatment, machining, gear cutting, drilling, surface hardening, grinding, inspection, and packing.
- It also undertakes engineering activities such as reverse engineering, process design, validation, and quality control. Happy Steels operates a manufacturing facility and registered office in Ludhiana, Punjab, spread across approximately 16,427 square yards, with installed capacities for cutting, forging, and machining processes. The company was incorporated in 1996 and serves both domestic and export markets.
Issue Details & Objective
Lot size
2000 Shares
Price band
₹62 to 66
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 28.41%
QIB - 19.06%
HNI - 14.26%
Retail - 33.26%
Download DRHP (IPO Doc)FAQs
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
The issue size of Happy Steels IPO is ₹25 Cr
The Happy Steels IPO will be open for applications from 09 Jul '26 to 13 Jul '26
The lot size of Happy Steels IPO is 2000 Shares and its minimum investment amount is ₹2,48,000.
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Happy Steels IPO is null
