IPO IPO-Synopsis
Happy Steels Ltd

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Registered Office: Kanganwal Road Jaspal Banger, , Ludhiana - 141122 , Punjab , India.
Phone :    Fax:
Email :  cs@happysteels.com  
Website :  www.happysteels.com
Initial public offer of upto 37,88,000 equity shares of face value of Rs10/- each (the "Equity Shares") of Happy Steels Limited ("the Company" or "the Issuer") at an issue price of Rs62-66 per equity share (including share premium of Rs52-56 per equity share) for cash, aggregating up to Rs23.49-25 Crores ("Public Issue") out of which upto 1,90,000 equity shares of face value of Rs10 each, at an issue price of Rs62-66 per equity share for cash, aggregating Rs1.18-1.25 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e Issue of 35,98,000 equity shares of face value of Rs10 each, at an issue price of Rs62-66 per equity share for cash, aggregating upto Rs22.31-23.75 Crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.51% and 25.18% respectively of the post- issue paid-up equity share capital of the company. Price Band: Rs62/- to Rs66/- per equity share of face value Rs10/- each. The floor price is 6.2 times of the face value and the cap price is 6.6 times of the face value of the equity shares. Bids can be made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
09-Jul-26 13-Jul-26 Rs62.00-66.00 Rs0.00-0.00
Minimum Application for shares in Nos :4000  Further Multiples of :2000

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
Master Capital Services Limited
Project Financed through Current Offer 23.49  
Post Issue Equity Share Capital 14.29  
Issue Price Rs62.00  
Projects
Capital Expenditure towards purchase of additional plant and machinery for its existing manufacturing unitGeneral corporate purposes
Repayment/ Prepayment of Term Loans to Banks
Promoted By
Parveen Kumar Garg
Abhishek Garg
Deepak Garg
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd