IPO Center
Last updated: 14 Jul 2026, 03:07 pm · 4h ago
Happy Steels Limited
ClosedSME— · ₹62 – ₹66 · —
IPO Snapshot
45/ 100
Opportunity Score
🟢 Attractive
Broker Consensus
AvoidGMP %
+12.12%
Subscription
N/A
P/E
9.75x
ROE
19.49%
ROCE
20.89%
“Broker Consensus” is CAPITA1's algorithmic verdict from GMP, subscription, fundamentals & valuation — broker recommendations aren't in our data feed. GMP is an unofficial grey-market estimate. Not investment advice.
🏢 Know the CompanyAI
Valuation · at upper band ₹66
🟢 AttractiveMarket Cap (Post-IPO)
Not Available
Market Cap (Pre-IPO)
Not Available
Enterprise Value
Not Available
EPS
₹6.77
P/E (upper band)
9.75x
P/B
1.73x
EV / EBITDA
Not Available
RoNW
17.76%
ROE
19.49%
ROCE
20.89%
Debt / Equity
1.18
Premium vs Peers
-49.19% (discount)
Peer Valuation Comparison
| Company | Market Cap | P/E | P/B | ROE | ROCE |
|---|---|---|---|---|---|
| Happy Steels Limited (this IPO) | Not Available | 9.75x | 1.73x | 19.49% | 20.89% |
| EMM Force Autotech Limited | Not Available | Not Available | Not Available | Not Available | Not Available |
| Kross Limitedpriciest | ₹1,190.59 Cr | 21.28x | 2.46x | 11.95% | Not Available |
| GNA Axles Limited | ₹2,385.66 Cr | 17.10x | 1.99x | 12.29% | Not Available |
Cheapest by P/E: Happy Steels Limited (9.8x) · Most expensive: Kross Limited (21.3x)
Formulas used (all at upper price band)
- Market Cap (Post-IPO) = Upper Price × Post-issue Shares (Shares = Latest FY PAT ÷ EPS)
- Market Cap (Pre-IPO) = Post-IPO Market Cap − Fresh Issue
- Enterprise Value = Market Cap + Total Debt − Cash (cash assumed nil)
- Total Debt = Debt/Equity × Net Worth
- Net Worth = NAV (Book Value/Share) × Post-issue Shares
- P/E Ratio = Upper Price ÷ EPS
- P/B Ratio = Upper Price ÷ NAV
- EV / EBITDA = Enterprise Value ÷ EBITDA
- Premium vs Peers = (IPO P/E − Peer Median P/E) ÷ Peer Median P/E
Financial data (EPS, NAV, ratios) source: IPO Watch (ipowatch.in). Ratios computed at the upper price band; not investment advice.
AI IPO AnalysisAI
DRHP / RHP IntelligenceAI
Generate an AI read of the offer document — business, risks, promoters, use of funds and an educational verdict, with citations back into the filing.
Company Overview
Happy Steels IPO date is 9 July, 2026. Check Happy Steels IPO price, lot size, financial results, valuations & more details.
GMP (Grey Market Premium)
₹8+12.12%
IPO Watch (grey market, unofficial) — not investment advice. Updated 14 Jul 2026, 03:07 pm.
Subscription
Bidding not started.
Timeline
- Open Date
- 09 Jul 2026
- Close Date
- 13 Jul 2026
- Allotment
- 14 Jul 2026
- Refund
- 15 Jul 2026
- Demat Credit
- 15 Jul 2026
- Listing
- 16 Jul 2026
Lot Size & Offer
- Lot Size
- Not Available
- Min Investment
- Not Available
- Fresh Issue
- Not Available
- Offer for Sale
- Not Available
Reservation
- QIB
- 47.47%
- NII / HNI
- 14.26%
- Retail
- 33.26%
- Employee
- Not Available
Objectives of the Issue
- Capital Expenditure towards purchase of additional plant and machinery for the existing manufacturing unit
- Repayment/ Prepayment of Term Loans to Banks
- General Corporate Purpose
Financial Highlights (₹ Cr)
Not Available
- Revenue Growth
- Not Available
- PAT Growth
- Not Available
- EBITDA
- Not Available
- EBITDA Margin
- 16.14%
- ROE
- 19.49%
- ROCE
- 20.89%
- Debt / Equity
- 1.18
- Net Worth
- Not Available
Promoter Holding
- Pre-Issue
- 99.33%
- Post-Issue
- 72.99%
Registrar & Managers
- Registrar
- Purva Sharegistry (India) Pvt. Ltd.
- Market Maker
- Hem Finlease Pvt. Ltd.
- Book Running Lead Managers
- Not Available
Offer Documents
Market data: NSE (official calendar + subscription) · IPO Watch (unofficial GMP + discovery) · updated 14 Jul 2026, 03:07 pm
Fundamentals: IPO Watch (ipowatch.in) · fetched 14 Jul 2026, 05:51 am
IPO calendar and subscription from NSE. GMP is an unofficial grey-market estimate (IPO Watch) — not investment advice. Company fundamentals (financials, peers) are not part of the live feed.