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Happy Steels IPO

IPO GMP

+₹10

+15% expected gain

Price Band

₹62 - ₹66

Lot Size

4000 shares

Min Investment

₹2,64,000

Listing Date

July 16, 2026

IPO Details

Issue TypeBook-build Issue
Face Value₹10
Price Band₹62 - ₹66
Lot Size4000 shares
Total Issue Size₹25 Cr
Fresh Issue₹25 Cr
Offer for Sale
Listing AtNSE SME

Subscription Status

How many times each investor category has bid for the issue.

Qualified Institutional (QIB)59.01x
Non-Institutional (NII)84.26x
Retail Individual (RII)72.4x
Total Subscription72.03x

Strengths & Risks

Strengths

  • Review: Neutral

Risks

    Financials

    Restated summary financials for the most recent periods.

    PeriodRevenueProfitAssets
    2023₹184.81₹32.10₹251.58
    2024₹206.45₹34.44₹339.25
    2025₹322.58₹28.13₹455.49
    Dec 2025₹236.50₹38.69₹561.34

    Figures are indicative and restated for presentation.

    Happy Steels IPO Review

    Analysis based on live GMP, subscription, and issue details.

    As of today, Happy Steels IPO is trading at a grey market premium (GMP) of +₹10 (+15% estimated listing gain), indicating positive market sentiment.

    The IPO has been subscribed 72.03x overall — QIB: 59.01x, NII: 84.26x, Retail: 72.4x.

    Happy Steels IPO subscription has closed. The shares are expected to list on July 16, 2026.

    The minimum investment required is ₹2,64,000 for 4000 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.

    Key strengths include: Review: Neutral.

    Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.

    Happy Steels IPO — Frequently Asked Questions

    What is Happy Steels IPO GMP today?

    Happy Steels IPO GMP (grey market premium) today is +₹10, suggesting an estimated listing gain of +15%. GMP is indicative and subject to change.

    What is the price band of Happy Steels IPO?

    The price band for Happy Steels IPO is ₹62 - ₹66 with a lot size of 4000 shares. The minimum investment required is ₹2,64,000.

    When is Happy Steels IPO allotment date?

    Happy Steels IPO allotment is expected to be finalised on July 14, 2026. You can check your allotment status on the registrar's website (Bigshare Services Pvt. Ltd.) using your PAN number.

    When will Happy Steels IPO list on NSE/BSE?

    Happy Steels IPO is expected to list on NSE SME on July 16, 2026.

    How to check Happy Steels IPO allotment status?

    To check Happy Steels IPO allotment status, visit the registrar's website (Bigshare Services Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.

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