listed · IPO · NSE SME · listed 16 July 2026
Happy Steels Limited
Raised ₹25.00 Cr at ₹66 per share.
+3.0%
listing-day move
Price band
₹62 – ₹66
Issue price
₹66
Issue size
₹25.00 Cr
Return since listing
-8.18%
Company research
Tijori FinanceHappy Steels Ltd. is an integrated manufacturer of safety-critical forged and machined transmission & driveline components for on-highway, off-highway, EV and defence vehicles. It supplies axle shafts, spindles and related parts to OEMs and Tier-1 customers globally.
Financials — ₹ crore
| Period | Revenue | PAT | Debt |
|---|---|---|---|
| Mar 2024 | 80.91 Cr | 4.69 Cr | 35.69 Cr |
| Mar 2025 | 82.14 Cr | 2.34 Cr | 34.21 Cr |
| Mar 2026 | 94.64 Cr | 7.1 Cr | 47.18 Cr |
Revenue mix
Axle
67%
Shaft
9.5%
Scrap
6.9%
Rough Steel Forging
6.8%
Spindle
5.2%
Stub Axle
2.1%
Others
2.7%
Peer comparison
Company Mkt cap Revenue P/E P/B
HAPPY 89 94.64 Cr 12.56 2.23
EMMFORCE 359 87.54 Cr 43.49 —
KROSS 1,358 620 Cr 24.01 2.71
GNA 2,210 1,478 Cr 16.26 2.14
Exchange filings
Fields captured from NSE and BSEIssue information
- Symbol
- HAPPY
- Issue period
- 2026-07-09 to 2026-07-13
- Price range
- Rs.62 to Rs.66
- Red Herring Prospectus
- https://nsearchives.nseindia.com/emerge/corporates/content/HappySteelsLimited_RHP.zip
Documents
Data sources: MONEYCONTROL , NSE , NSE . Data quality clean.