About Happy Steel
Happy Steels is entering the primary market with a fresh issue. The company manufactures safety-critical forged and machined transmission and driveline components for the automotive, EV, and defense sectors.
- IPO Open Date: July 9, 2026
- IPO Close Date: July 13, 2026
- Price Band: ₹62 to ₹66 per share
- Lot Size: 2,000 Shares
- Minimum Investment (Retail): ₹1,32,000
- Total Issue Size: ₹25.00 Crores (Fresh Issue of 37,88,000 shares)
- Listing Exchange: NSE SME
- Tentative Listing Date: July 16, 2026
Financial Performance
Here is a look at Happy steel financial performance across the last few financial years leading up to the IPO.
| Metric (in ₹ Crores) | 30 Sep 2025 (H1 FY26) | 31 Mar 2025 (FY25) | 31 Mar 2024 (FY24) | 31 Mar 2023 (FY23) |
|---|---|---|---|---|
| Total Income | 47.93 | 82.52 | 82.24 | 94.20 |
| Profit After Tax (PAT) | 3.93 | 2.34 | 4.69 | 0.40 |
| Total Assets | 93.95 | 78.62 | 78.37 | 69.53 |
| Net Worth | 36.81 | 32.88 | 30.54 | 25.85 |
| Total Borrowings | 42.25 | 34.22 | 35.69 | 26.38 |
Key Financial Indicators (KPIs)
Based on the latest available data leading into the IPO, the company has reported the following key performance indicators:
- Return on Equity (ROE): 19.49%
- Return on Capital Employed (ROCE): 20.89%
- Debt to Equity Ratio: 1.18
- PAT Margin: 7.50%
- EBITDA Margin: 16.14%
Objective of the Issue:
The net proceeds from the IPO will primarily be used for capital expenditure to purchase additional plant and machinery for their existing unit, repayment of term loans, and general corporate purposes.