Comparison between Happy Steels IPO and Lorven International IPO.
Happy Steels IPO is a SME Fixed Price IPO proposed to list at NSE SME while Lorven International IPO is a SME Fixed Price proposed to list at BSE SME.
| Happy Steels IPO | Lorven International IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Master Capital Services Ltd. Share India Capital Services Pvt.Ltd. | Interactive Financial Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Share India Securities Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Happy Steels IPO is up to ₹23.75 Cr whereas the issue size of the Lorven International IPO is up to ₹0.00 Cr. The final issue price of Happy Steels IPO is ₹66.00 per share and of Lorven International IPO is .
| Happy Steels IPO | Lorven International IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹62.00 per share | |
| Issue Price (Upper) | ₹66.00 per share | |
| Issue Price (Final) | ₹66.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | |
| Fresh Issue Size | 35,98,000 shares | 35,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹23.75 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 35,98,000 shares | 35,00,000 shares |
| Issue Size Total (Amount) | up to ₹23.75 Cr | up to ₹0.00 Cr |
Happy Steels IPO opens on Jul 09, 2026, while Lorven International IPO opens on . The closing date of Happy Steels IPO and Lorven International IPO is Jul 13, 2026, and , respectively.
| Happy Steels IPO | Lorven International IPO | |
|---|---|---|
| Anchor Bid Date | Jul 08, 2026 | |
| Issue Open | Jul 09, 2026 | |
| Issue Close | Jul 13, 2026 | |
| Basis Of Allotment (Tentative) | Jul 14, 2026 | |
| Initiation of Refunds (Tentative) | Jul 15, 2026 | |
| Credit of Share (Tentative) | Jul 15, 2026 | |
| Listing date (Tentative) | Jul 16, 2026 | |
| Anchor Lockin End date 1 | Aug 13, 2026 | |
| Anchor Lockin End date 2 | Oct 12, 2026 |
Happy Steels IPO P/E ratio is 9.76, as compared to Lorven International IPO P/E ratio of .
| Happy Steels IPO | Lorven International IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Happy Steels Ltd.'s revenue increased by 17% and profit after tax (PAT) rose by 203% between the financial year ending with March 31, 2026 and March 31, 2025.
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.33 | 99.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹94.29 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 19.49 | 28.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 20.89 | 41.79 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.18 | 0.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 17.76 | 24.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Happy Steels IPO Retail Individual Investors (RII) are offered 12,60,000 shares while in Lorven International IPO retail investors are offered 12,60,000 shares. Qualified Institutional Buyers (QIB) are offered 7,22,000 shares in Happy Steels IPO and 0 shares in Lorven International IPO.
| Happy Steels IPO | Lorven International IPO | |
|---|---|---|
| Anchor Investor Reservation | 10,76,000 shares | 0 shares |
| Market Maker Reservation | 1,90,000 shares | 0 shares |
| QIB | 7,22,000 shares | 0 shares |
| NII | 5,40,000 shares | 0 shares |
| RII | 12,60,000 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 35,98,000 shares | 0 shares |
Happy Steels IPO subscribed 54.54x in total, whereas Lorven International IPO subscribed .
| Happy Steels IPO | Lorven International IPO | |
|---|---|---|
| QIB (times) | 59.01x | |
| NII (times) | 113.60x | |
| Big NII (times) | 128.77x | |
| Small NII (times) | 83.26x | |
| RII (times) | 73.25x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 54.54x |
