Comparison between Happy Steels IPO and Sham Foam IPO.
Happy Steels IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sham Foam IPO is a SME Fixed Price proposed to list at BSE SME.
The total issue size of Happy Steels IPO is up to ₹23.75 Cr whereas the issue size of the Sham Foam IPO is up to ₹0.00 Cr. The final issue price of Happy Steels IPO is ₹66.00 per share and of Sham Foam IPO is .
| Happy Steels IPO | Sham Foam 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 | 31,25,000 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 | 31,25,000 shares |
| Issue Size Total (Amount) | up to ₹23.75 Cr | up to ₹0.00 Cr |
Happy Steels IPO opens on Jul 09, 2026, while Sham Foam IPO opens on . The closing date of Happy Steels IPO and Sham Foam IPO is Jul 13, 2026, and , respectively.
| Happy Steels IPO | Sham Foam 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 Sham Foam IPO P/E ratio of .
| Happy Steels IPO | Sham Foam IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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)
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| Promoter Shareholding (Pre-Issue) | 99.33 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹94.29 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 19.49 | 33.56 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 20.89 | 22.56 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.18 | 0.74 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 17.76 | 28.74 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Happy Steels IPO Retail Individual Investors (RII) are offered 12,60,000 shares while in Sham Foam 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 Sham Foam IPO.
| Happy Steels IPO | Sham Foam 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 Sham Foam IPO subscribed .
| Happy Steels IPO | Sham Foam 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 |
