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Open
9 Jul 2026
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Close
13 Jul 2026
3
Allotment
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Listing
Thu, Jul 16, 2026
Price Band
₹62 to ₹66
Issue Size
37,88,000 shares (agg. up to ₹25 Cr)
Lot Size
2,000 Shares
Listing Date
Thu, Jul 16, 2026
Latest GMP
₹10
Est. Gain
15.15%
✦ AI Insight
GMP Trend
16-07-2026₹10Est. ₹76+15.15%
15-07-2026₹10Est. ₹76+15.15%
14-07-2026₹12Est. ₹78+18.18%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 54.61x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 99.66 | 78.62 | 78.37 |
| Total Income | 96.57 | 82.52 | 82.24 |
| Profit After Tax | 7.10 | 2.34 | 4.69 |
| EBITDA | 15.27 | 8.49 | 11.08 |
| NET Worth | 39.98 | 32.88 | 30.54 |
| Reserves and Surplus | 29.48 | 31.38 | 29.04 |
| Total Borrowing | 47.18 | 34.21 | 35.69 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Autofurnish Ltd. | SME | ₹14.60 Cr | ₹41 | 11.64 | ₹45.15 | +10.12% | ₹62.65 |
| Gallard Steel Ltd. | SME | ₹37.50 Cr | ₹150 | 17.31 | ₹234.25 | +56.17% | ₹169.75 |
| Sellowrap Industries Ltd. | SME | ₹30.28 Cr | ₹83 | 8.4 | ₹94.50 | +13.86% | ₹67.50 |
| SEDEMAC Mechatronics Ltd. | Mainboard | ₹1,087.35 Cr | ₹1352 | 126.91 | ₹1,451.10 | +7.33% | ₹2,867.50 |
| Tenneco Clean Air India Ltd. | Mainboard | ₹3,600.00 Cr | ₹397 | 28.97 | ₹490.80 | +23.63% | ₹525.70 |
| Studds Accessories Ltd. | Mainboard | ₹455.49 Cr | ₹585 | 33.06 | ₹560.30 | -4.22% | ₹421.85 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure towards purchase of additional plant and machinery for the existing manufacturing unit | 13.16 |
| 2 | Repayment/ Prepayment of Term Loans to Banks | 4.98 |
| 3 | General Corporate Purposes | 3.62 |
| 4 | Issue Expenses | 3.24 |
| Total | 25.00 |
About Happy Steels IPO
Updated on Aug 14, 2026
Contact Details
Happy Steels Ltd. AddressKanganwal RoadJaspalBangerLudhiana, Punjab, 141122+91 6239821029cs@happysteels.comVisit Website