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Engineering · Listed on NSE · 09 Jul 2026 - 13 Jul 2026
Jagat JoshiIncorporated 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 defence applications.
The company operates across the complete manufacturing value chain, with capabilities spanning raw material procurement, forging, heat treatment, precision machining, gear cutting, drilling, surface hardening, grinding, inspection, and packing. This integrated process framework enables the company to deliver components with defined mechanical properties, high dimensional accuracy, and consistent quality in line with stringent customer specifications.
| Date & Time | GMP (₹) | Est. Listing Price | Est. Gain (%) | Est. Profit / Lot (₹) |
|---|---|---|---|---|
| 16-Jul-2026 12:00 PM | +₹10 | ₹76 | +15.15% | ₹20,000 |
| 15-Jul-2026 12:00 PM | +₹12 | ₹78 | +18.18% | ₹24,000 |
| 14-Jul-2026 12:00 PM | +₹8 | ₹74 | +12.12% | ₹16,000 |
| 13-Jul-2026 12:00 PM | +₹14 | ₹80 | +21.21% | ₹28,000 |
| 11-Jul-2026 12:00 PM | +₹7 | ₹73 | +10.61% | ₹14,000 |
| 10-Jul-2026 12:00 PM | +₹8 | ₹74 | +12.12% | ₹16,000 |
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Amount (₹ Cr) |
|---|---|---|---|---|
| Anchor | 1.00x | 10,76,000 | 10,76,000 | ₹7.10 Cr |
| QIB (Ex. Anchor) | 59.01x | 7,22,000 | 4,26,06,000 | ₹281.20 Cr |
| NII | 113.60x | 5,40,000 | 6,13,42,000 | ₹404.86 Cr |
| bNII > ₹10L | 128.77x | 3,60,000 | 4,63,56,000 | ₹305.95 Cr |
| sNII < ₹10L | 83.26x | 1,80,000 | 1,49,86,000 | ₹98.91 Cr |
| Retail | 73.25x | 12,60,000 | 9,22,96,000 | ₹609.15 Cr |
| Market Maker | 1.00x | 1,90,000 | 1,90,000 | ₹1.25 Cr |
| Total | 54.84x | 37,88,000 | 19,75,10,000 | ₹1,302.31 Cr |
| Period Ended | 31 MAR 2026 | 31 MAR 2025 | 31 MAR 2024 |
|---|---|---|---|
| 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 |
| Company Name | EPS (₹) | P/E (x) | NAV (₹) | RoNW (%) | Income (₹ Cr) |
|---|---|---|---|---|---|
| GNA Axles Limited | 27.24 | 13.61 | 223.89 | 11.65 | 1.00 |
| Kross Limited | 8.56 | 21.34 | 75.92 | 11.27 | 673.20 |
| EMM Force Autotech Limited | 5.88 | 19.39 | 44.52 | 9.04 | 112.65 |
Parveen Kumar Garg, Abhishek Garg, Deepak Garg and Parveen Kumar Garg (HUF). is the company's promoter of Happy Steels.
| Particular | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 99.33% | 72.99% |
| Others* | 0.67% | 27.01% |
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