
Happy Steels
Issue Price
₹62.0 to ₹66.0
As of 29 Aug 2026
Lot Size
2,000.0 Shares
| Issue size | |
|---|---|
| Overall | ₹25.0 Cr |
| Fresh Issue | ₹24.0 Cr |
| Offer for Sale | - |
Minimum Investment
₹2,64,000.0 / 40,00,000 shares

Merchant Banker
Share India Capital Services Pvt.Ltd.
Offer Start Date
9th Jul 2026
Offer End Date
13th Jul 2026
Valuation
₹94.3 Cr
Revenue
₹96.6 Cr
PAT
₹7.1 Cr
Issue Size
₹25.0 Cr
Face Value
₹ 10.0Offer Price
₹ 66.0Lot Size
2,000.0 sharesSale Type
Fresh capital onlyPAT (FY'25)
₹ 7.1 CrPAT Margin (%)
7.5 %P/E Multiple
9.8xEBITDA FY'25 (in Cr)
₹ 15.3 CrCAGR Growth 3Y
8.4 %ROE (FY'25)
19.5 %ROCE (FY'25)
20.9 %Price to Book Value
2.4xDebt/Equity (FY'25)
1.2xCompany Website
happysteels.comExplore new deals
Overview
Fund Allocation
Total: ₹0 CrSource:Company DRHP
Timeline
IPO Open Date
To Be Announced
IPO Close Date
To Be Announced
Tentative Allotment
To Be Announced
Initiation of Refunds
To Be Announced
Credit of Shares to Demat
To Be Announced
Tentative Listing Date
To Be Announced
Business
Business Model
Financial Highlights
Income Statement
Revenue growth with EBITDA and PAT margins
| Financial Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Revenue (₹ Cr) | 82.2 | 82.5 | 96.6 |
| Growth (%) | - | - | - |
| EBITDA (₹ Cr) | 11.1 | 8.5 | 15.3 |
| EBITDA Margin (%) | 13.5% | 10.3% | 15.8% |
| PAT (₹ Cr) | 4.7 | 2.3 | 7.1 |
| PAT Margin (%) | 5.7% | 2.8% | 7.4% |
Balance Sheet
| Financial Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Net Worth | ₹ 30.5 Cr | ₹ 32.9 Cr | ₹ 40.0 Cr |
| Total Assets | ₹ 78.4 Cr | ₹ 78.6 Cr | ₹ 99.7 Cr |
| Total Borrowing | ₹ 35.7 Cr | ₹ 34.2 Cr | ₹ 47.2 Cr |
| Reserves & Surplus | ₹ 29.0 Cr | ₹ 31.4 Cr | ₹ 29.5 Cr |
Cash Flow
| Financial Metric |
|---|
Financial Ratios
Measures the company’s leverage relative to shareholder equity.
Industry Overview
- Overview
- Business
- Financial Highlights
- Industry Overview

