Happy Steels Ltd Listed
Established in 1996, Happy Steel Limited is an integrated manufacturer of safety-critical, forged, and machined transmission and driveline components catering to on-highway, off-highway, electric vehicle (EV), and...
GREY MARKET PREMIUM
+₹7
▲ +10.61% vs issue price
Issue Price
₹66.00
Est. Listing Price
₹73.00
Lot Size
2000
Issue Details
Open Date
2026-07-09
Close Date
2026-07-13
Allotment
2026-07-14
Face Value
₹10.00
Total Issue Size
37,88,000 shares (agg. up to ₹25 Cr) Cr
Issue Type
Bookbuilding IPO
Exchange
NSE SME
Subscription Status
| Category | Subscription (x) | Shares Offered | Shares Bid |
|---|---|---|---|
| QIB | 24.24x | 1798000.00 | 43584000.00 |
| NII (HNI) | 113.76x | 540000.00 | 61430000.00 |
| Retail | 72.61x | 1260000.00 | 91488000.00 |
| Market Maker | 1x | 1,90,000 | 1,90,000 |
| Total | 54.61x | 3598000.00 | 196502000.00 |
Financials (₹ Cr)
| Period | Revenue | PAT | EBITDA | Net Worth |
|---|---|---|---|---|
| 31 Mar 2026 | 96.57 | 7.10 | 15.27 | 39.98 |
| 31 Mar 2025 | 82.52 | 2.34 | 8.49 | 32.88 |
| 31 Mar 2024 | 82.24 | 4.69 | 11.08 | 30.54 |
Key Ratios
Return on Equity
19.49
Return on Capital Employed
20.89
Return on Net Worth
17.76
PAT / Revenue
7.50
EBITDA / Revenue
16.14
Debt to Equity
1.18
Price to Book Value
2.11
EPS Pre-Issue
6.77
EPS Post-Issue
4.97
P/E Pre-Issue
9.76
P/E Post-Issue
13.28
Objects of the Issue
- Capital Expenditure towards purchase of additional plant and machinery for the existing manufacturing unit — ₹13.16 Cr
- Repayment/ Prepayment of Term Loans to Banks — ₹4.98 Cr
- General Corporate Purposes
Lead Managers
Share India Capital Services Pvt.Ltd
Master Capital Services Ltd
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