Automotive Component · ₹62 – ₹66 · ₹17.9 Cr
Happy Steels Limited (formerly Happy Steels Private Limited) is an integrated manufacturer of safety-critical, forged, and machined transmission and driveline components. The company manufactures a wide range of axles, long spline shafts, spindles, and other related components for on-highway vehicles, off-highway vehicles, electric vehicles (EV), and defence applications. It operates in the Automotive Component industry. The company was founded in 1996 and is based in Ludhiana, Punjab, India.
The company operates on a business-to-business (B2B) model, supplying components to Original Equipment Manufacturers (OEMs) and Tier-I suppliers. Revenue is generated from domestic and international sales of its products and from job work (processing charges for forging or machining operations). Its main products and services include Axles, Long Spline Shafts, Spindles and Knuckle, Case Diff, Steering Arms.
In its offer document the company lists its strengths as integrated manufacturing capabilities across forging, focus on safety-critical and load-bearing components and approximately three decades of operating history and experienced promoter/management team with proven track record.
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Curated by CAPITA1 · Updated 5 Sept 2026 by CAPITA1 desk (composed from filing)
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Market data: NSE (official calendar, issue filing and subscription) · CAPITA1 desk (GMP) · updated 11 Oct 2026, 06:17 pm
Fundamentals: Issuer DRHP figures, compiled from public IPO listings · fetched 15 Sept 2026, 08:52 am
Corrected by CAPITA1: Sector · 05 Sept 2026, 12:54 pm
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