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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Happy Steels Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹66
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,32,000
Issue Size
₹25.08 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.02%
QIB Quota
49.97%
NII Quota
15.01%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.33%
Promoter Holding (Post-Issue)
72.98%
Issue Type
Book Building - SME
ISIN
INE1GFG01011
Our 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. Our 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.
Our Company was originally incorporated as `Happy Steels Private Limited' as a private limited company under the Companies Act, 1956 on June 14, 1996 pursuant to a Certificate of Incorporation bearing No. 16-18348 issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh (the "RoC"). Thereafter, our Company was converted into a public limited company from a private limited company pursuant to a special resolution passed by the shareholders of our Company on February 15, 2025 consequent to which the name of our Company changed from `Happy Steels Private Limited' to `Happy Steels Limited' and a fresh Certificate of Incorporation bearing CIN: U35923PB1996PLC018348 was issued by the Registrar of Companies, Chandigarh (the "RoC") on March 20, 2025.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of upto 37,88,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Happy Steels Limited ("the Company" or "the Issuer") at an issue price of Rs. 66 per equity share (including share premium of Rs. 56 per equity share) for cash, aggregating up to Rs. 25.08 Crores ("Public Issue") out of which upto 1,90,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 66 per equity share for cash, aggregating Rs. 1.25 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e Issue of 35,98,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 66 per equity share for cash, aggregating upto Rs. 23.75 Crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.51% and 25.18% respectively of the post- issue paid-up equity share capital of the company. Price Band: Rs. 66/- per equity share of face value Rs. 10/- each. The floor price is 6.6 times of the face value of the equity shares. Bids can be made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.