31 Mar 2024
Assets78.37
Total Income82.24
EBITDA11.08
Profit After Tax4.69
NET Worth30.54
Reserves and Surplus29.04
Total Borrowing35.69
At a glance
Updated 2026-08-24The shares listed at ₹68.00, a 3.03% move from the issue price. Happy Steels is a SME IPO with an issue size of ₹25.00 crore, proposed for listing on NSE SME. The offer opens on 9th Jul 2026 and closes on 13th Jul 2026. The issue structure includes a fresh issue of ₹23.75 crore. The current listing schedule points to 16th Jul 2026.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹25.00 Cr
Fresh issue₹23.75 Cr
Face value₹10
Price band₹62.00–₹66.00
Allotment14th Jul 2026
Listing16th Jul 2026
Listing performance
Full performance ↗Issue price₹66.00
Listing price₹68.00
Current price—
Listing gain3.03%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹10.00
GMP / upper price15.15%
Est. listing₹76.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens9th Jul 2026
Closes13th Jul 2026
Allotment14th Jul 2026
Refund15th Jul 2026
Demat15th Jul 2026
Listing16th Jul 2026
Subscription demand
Full bidding ↗Total77.81×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 4000 | ₹264,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Capital Expenditure towards purchase of additional plant and machinery for the existing manufacturing unit | ₹13.16 Cr |
| Repayment/ Prepayment of Term Loans to Banks | ₹4.98 Cr |
| General Corporate Purposes | ₹3.62 Cr |
| Issue Expenses | ₹3.24 Cr |
| Total | ₹25.00 Cr |
Financials
Full financials ↗31 Mar 2025
Assets78.62
Total Income82.52
EBITDA8.49
Profit After Tax2.34
NET Worth32.88
Reserves and Surplus31.38
Total Borrowing34.21
31 Mar 2026
Assets99.66
Total Income96.57
EBITDA15.27
Profit After Tax7.10
NET Worth39.98
Reserves and Surplus29.48
Total Borrowing47.18
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 19.49% |
| ROCE | 20.89% |
| Debt / Equity | 1.18% |
| RoNW | 17.76% |
| PAT Margin | 7.50% |
| EBITDA Margin | 16.14% |
| Price to Book Value | 1.73 |
Valuation & shareholding
Pre-IPO EPS6.77
Post-IPO EPS4.97
Pre-IPO P/E9.76
Post-IPO P/E13.28
Promoter holding pre99.33%
Promoter holding post72.99%
Market cap₹94.29 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Capital Expenditure towards purchase of additional plant and machinery for the existing manufacturing unit | ₹13.16 Cr |
| Repayment/ Prepayment of Term Loans to Banks | ₹4.98 Cr |
| General Corporate Purposes | ₹3.62 Cr |
| Issue Expenses | ₹3.24 Cr |
| Total | ₹25.00 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Share India Capital Services...
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.