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Happy Steels Ltd
CLOSED
NSE SME
Bookbuilding IPO
Fresh capital only
Happy Steels IPO GMP
GREY MARKET
PREMIUM
₹
+ 7
+11% expected return
EST. LISTING
PRICE
₹73
Issue Price: ₹
66
Issue Price
₹66
Face Value
₹10
Lot Size
2,000 shares
Open Date
09 Jul 2026
Close Date
13 Jul 2026
Allotment
14 Jul 2026
Listing Date
16 Jul 2026
Exchange
NSE SME
Happy Steels IPO Details: Price, Dates & Financials
The Happy Steels IPO GMP strength score is 7.2 out of 10, which the dashboard rates as Good. The Happy Steels IPO valuation is tagged Strong. The Happy Steels IPO is subscribed 54.61 times overall so far. Amounts are calculated at the upper price band of ₹66.
IPO Analytics Dashboard
LIVE
Happy Steels IPO GMP Insights
Valuation
Strong
Happy Steels IPO GMP Strength Score
7
/ 10
Good
0–3 Weak
3–6 Moderate
6–8 Good
8–10 Strong
Happy Steels IPO Category-wise Subscription
Shares offered, bid & amount
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 24.24 | 1,798,000 | 43,584,000 |
| NII / HNI | 113.76 | 540,000 | 61,430,000 |
| Retail (RII) | 72.61 | 1,260,000 | 91,488,000 |
| Market Maker | — | 190,000 | — |
| Total | 54.61 | 3,598,000 | 196,502,000 |
* Amount calculated at upper price band (₹66) · ** Total includes all investor categories
Happy Steels IPO Application Sizing
Minimum investment by category
Retail Investors ?
Min. Lots
2
Shares / Lot
4,000
Min. Investment
₹264,000
HNI Investors ?
Min. Lots
3
Min. Shares
6,000
Min. Investment
₹396,000
Happy Steels IPO Valuation — EPS & P/E
Pre & post-issue metrics
Pre-Issue EPS ?
₹ 7
Post-Issue EPS ?
₹ 5
Pre-Issue P/E ?
10 x
Post-Issue P/E ?
13 x
Happy Steels IPO Timeline & Key Dates
- 1 Initiation of Refund 16 Jul 2026
- 2 Credit of Shares to Demat 15 Jul 2026
Investor Interpretation
- The IPO P/E of 13x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹7 compares to post-issue EPS of ₹5 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
Happy Steels IPO Subscription FAQs
Happy Steels IPO is subscribed 54.61x overall (Retail 72.61x, QIB 24.24x, NII/HNI 113.76x).
The retail (RII) portion of Happy Steels IPO is subscribed 72.61x.
Happy Steels IPO — QIB 24.24x, NII/HNI 113.76x.
In Happy Steels IPO, retail investors can apply for a minimum of 2 lot(s) (₹₹264,000); HNI/sNII minimum 3 lots (₹₹396,000).
Shares offered by category — QIB 1,798,000 shares, Retail 1,260,000 shares.
Happy Steels IPO valuation — pre-issue EPS ₹6.77, post-issue EPS ₹4.97, pre-issue P/E 9.76, post-issue P/E 13.28.
Subscription is shares bid for divided by shares offered in that category. If 10 lakh shares are offered and 50 lakh are bid for, the category is subscribed 5 times. Final numbers are confirmed after the bidding closes.
The NII category covers investors applying for shares outside the retail investor category, while HNI commonly refers to high-value investors within the NII category. Understanding the Happy Steels IPO's NII and HNI subscription levels helps investors assess demand for the Happy Steels IPO and overall investor interest.
GMP and IPO data are unofficial and for information only — not investment advice. Read the full disclaimer.