Happy Steels
· SME · NSE
Price Band
₹62–66
Lot Size
2000 shares
Issue Size
₹25 Cr
Min. Investment
₹2,64,000
Grey Market Premium
Last unofficial quote before listing
Cap price plus current GMP: ₹76 — arithmetic, not a forecast
Subscription Status
Category-wise subscription figures aren't available for this issue.
Happy SteelsIPO: Overview & Key Facts
Happy Steels IPO is an SME issue that listed on NSE on 16 July 2026. The price band is ₹62–₹66 per equity share, with a market lot of 2,000 shares. The total issue size is ₹25 Cr. At the upper price band, the minimum application for an individual investor is 2 lots (4,000 shares), amounting to ₹2,64,000 — SME issues require individual investors to bid for at least two lots.
Happy Steels IPO GMP & Listing
The last grey market premium (GMP) reported for Happy Steels IPO before listing was ₹10, about 15.15% over the upper price band of ₹66, and informal quotes had held steady over the sessions we recorded. The shares opened at ₹68 on listing day, 3% above the issue price of ₹66. GMP is an unofficial, unregulated indicator quoted by off-market dealers; it moves with supply and demand and is not a guaranteed listing price. For how often it has been right, read our research on IPO GMP accuracy.
Happy Steels IPO Allotment & Listing
The registrar for this issue is Bigshare Services Pvt. Ltd.; the basis of allotment was finalised on 14 July 2026 and the shares listed on 16 July 2026. You can check your allotment status on our IPO Allotment Checker using your PAN or application number.
Listing Performance
Issue Price
₹66
Listed At
₹68
Current Price
₹68.5
Issue Objectives
- Capital Expenditure towards purchase of additional plant and machinery for the existing manufacturing unit
- Repayment/ Prepayment of Term Loans to Banks
- General Corporate Purposes
- Issue Expenses
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 17,98,000 | 49.97% |
| − Anchor Investor | 10,76,000 | 0% |
| − QIB (Ex. Anchor) | 7,22,000 | 0% |
| NII (HNI) | 5,40,000 | 15.01% |
| − bNII > ₹10L | 3,60,000 | 0% |
| − sNII < ₹10L | 1,80,000 | 0% |
| Retail | 12,60,000 | 35.02% |
| Market Maker | 1,90,000 | 0% |
- QIB50.0%
- − Anchor Investor0.0%
- − QIB (Ex. Anchor)0.0%
- NII (HNI)15.0%
- − bNII > ₹10L0.0%
- − sNII < ₹10L0.0%
- Retail35.0%
- Market Maker0.0%
Market Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4000 | ₹2,64,000 |
| Individual investors (IND) (Max) | 2 | 4000 | ₹2,64,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,96,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,24,000 |
| B-HNI (Min) | 8 | 16000 | ₹10,56,000 |
Financials (₹ Cr)
Valuations
EPS (Pre IPO)
6.77
EPS (Post IPO)
4.97
ROE
17.76%
P/E (Pre IPO)
9.76
P/E (Post IPO)
13.28
Market Cap
₹69.29 Cr.
Contact Details
Happy Steels Ltd. Address
- +91 6239821029
- cs@happysteels.com
- https://happysteels.com/
Registrar Contact Details
Bigshare Services Pvt. Ltd.
- +91 22 6263 8200
- ipo@bigshareonline.com
- https://bigshareonline.com
- Office No. S6-2, 6th Floor, Pinnacle Business Park, Andheri East, Mumbai – 400093
Frequently Asked Questions
Key Dates
- Open Date
- 09 Jul 2026
- Close Date
- 13 Jul 2026
- Basis of Allotment
- 14 Jul 2026
- Listing Date
- 16 Jul 2026
Issue Details
- Registrar
- Bigshare Services
- Exchange
- NSE