Comparison between Happy Steels IPO and Shreedhar Spinners IPO.
Happy Steels IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Shreedhar Spinners IPO is a SME Bookbuilding proposed to list at NSE SME.
| Happy Steels IPO | Shreedhar Spinners IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Master Capital Services Ltd. Share India Capital Services Pvt.Ltd. | Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Share India Securities Ltd. | Mansi Share & Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | 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 Shreedhar Spinners IPO is up to ₹28.63 Cr. The final issue price of Happy Steels IPO is ₹66.00 per share and of Shreedhar Spinners IPO is ₹53.00 per share.
| Happy Steels IPO | Shreedhar Spinners IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹62.00 per share | ₹51.00 per share |
| Issue Price (Upper) | ₹66.00 per share | ₹53.00 per share |
| Issue Price (Final) | ₹66.00 per share | ₹53.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 35,98,000 shares | 54,02,000 shares |
| Fresh Issue Size (Amount) | up to ₹23.75 Cr | up to ₹28.63 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 | 54,02,000 shares |
| Issue Size Total (Amount) | up to ₹23.75 Cr | up to ₹28.63 Cr |
Happy Steels IPO opens on Jul 09, 2026, while Shreedhar Spinners IPO opens on Jun 23, 2026. The closing date of Happy Steels IPO and Shreedhar Spinners IPO is Jul 13, 2026, and Jun 25, 2026, respectively.
| Happy Steels IPO | Shreedhar Spinners IPO | |
|---|---|---|
| Anchor Bid Date | Jul 08, 2026 | Jun 22, 2026 |
| Issue Open | Jul 09, 2026 | Jun 23, 2026 |
| Issue Close | Jul 13, 2026 | Jun 25, 2026 |
| Basis Of Allotment (Tentative) | Jul 14, 2026 | Jun 29, 2026 |
| Initiation of Refunds (Tentative) | Jul 15, 2026 | Jun 30, 2026 |
| Credit of Share (Tentative) | Jul 15, 2026 | Jun 30, 2026 |
| Listing date (Tentative) | Jul 16, 2026 | Jul 01, 2026 |
| Anchor Lockin End date 1 | Aug 13, 2026 | Jul 28, 2026 |
| Anchor Lockin End date 2 | Oct 12, 2026 | Sep 26, 2026 |
Happy Steels IPO P/E ratio is 9.76, as compared to Shreedhar Spinners IPO P/E ratio of 13.44.
| Happy Steels IPO | Shreedhar Spinners 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)Shreedhar Spinners Ltd.'s revenue increased by 9% and profit after tax (PAT) rose by 81% between the financial year ending with March 31, 2026 and March 31, 2025.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.33 | 96.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.99 | 70.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.76 | 13.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹94.29 Cr. | ₹113.62 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 19.49 | 24.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 20.89 | 9.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.18 | 3.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.77 | ₹3.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 17.76 | 20.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Happy Steels IPO Retail Individual Investors (RII) are offered 12,60,000 shares while in Shreedhar Spinners IPO retail investors are offered 12,60,000 shares. Qualified Institutional Buyers (QIB) are offered 7,22,000 shares in Happy Steels IPO and 10,80,000 shares in Shreedhar Spinners IPO.
| Happy Steels IPO | Shreedhar Spinners IPO | |
|---|---|---|
| Anchor Investor Reservation | 10,76,000 shares | 16,18,000 shares |
| Market Maker Reservation | 1,90,000 shares | 3,86,000 shares |
| QIB | 7,22,000 shares | 10,80,000 shares |
| NII | 5,40,000 shares | 8,12,000 shares |
| RII | 12,60,000 shares | 18,92,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 35,98,000 shares | 54,02,000 shares |
Happy Steels IPO subscribed 54.54x in total, whereas Shreedhar Spinners IPO subscribed 4.69x.
| Happy Steels IPO | Shreedhar Spinners IPO | |
|---|---|---|
| QIB (times) | 59.01x | 2.51x |
| NII (times) | 113.60x | 14.58x |
| Big NII (times) | 128.77x | 17.99x |
| Small NII (times) | 83.26x | 7.82x |
| RII (times) | 73.25x | 5.71x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 54.54x | 4.69x |
