NSE - SMEListed
Happy Steels Limited
Company websiteHappy Steels Limited is going public with an issue of ₹37,88,000 crore. The fresh portion of ₹37,88,000 crore typically funds growth or debt reduction.
The OFS of ₹0 crore provides liquidity to selling shareholders. Apply between 09-07-2026 and 13-07-2026; allotment expected on 14-07-2026.
Start Date09-07-2026
End Date13-07-2026
Listing Date16-07-2026
Allotment Date14-07-2026
Current Price₹68
GMP₹7 (10.61%)
Lot Size2000 Shares
Subscription77.89 Times
Face Value₹10 per share
Listing atNSE
Issue Price₹62 - ₹66
Pre Issue₹1,04,98,180
Post Issue₹1,42,86,180
Issue Size₹37,88,000
(aggregating up to 25.00 Cr)
(aggregating up to 25.00 Cr)
Fresh Issue₹37,88,000
(aggregating up to 25.00 Cr)
(aggregating up to 25.00 Cr)
Offer For Sale-
Advertisement
The Grey Market Premium (GMP) for Happy Steels Limited is currently around ₹7 (10.61%). This indicates an estimated listing price of approximately ₹69 based on the latest market sentiment. Please note that GMP values are unofficial and can change frequently as they depend on demand, market conditions, and investor activity.
Gmp Details
| Last Updated | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
14 Jul 2026, 15:43 | ₹66 | ₹7 | ₹73 (10.61%) |
13 Jul 2026, 04:10 | ₹66 | ₹6 | ₹72 (9.09%) |
10 Jul 2026, 04:23 | ₹66 | ₹6 | ₹72 (9.09%) |
09 Jul 2026, 04:35 | ₹66 | ₹0 | ₹66 (0.00%) |
09 Jul 2026, 07:49 | ₹66 | ₹5 | ₹71 (7.58%) |
08 Jul 2026, 05:36 | ₹66 | ₹0 | ₹66 (0.00%) |
07 Jul 2026, 05:22 | ₹66 | ₹0 | ₹66 (0.00%) |
06 Jul 2026, 06:38 | ₹66 | ₹0 | ₹66 (0.00%) |
04 Jul 2026, 05:27 | ₹66 | ₹0 | ₹66 (0.00%) |
03 Jul 2026, 04:47 | ₹66 | ₹0 | ₹66 (0.00%) |
Financials overview In Crores
Here is a quick look at the recent financial performance of Happy Steels Limited . The numbers below ( In Crores ) show how the company’s revenue and profits have changed over the last few years. This helps investors understand how strongly the business is growing and how stable its financial health is before applying for the IPO.
Key Performance
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
EPS | 6.77 | 2.23 | 4.47 |
ROE | 19.49 | 7.39 | 16.63 |
ROCE | 20.89 | 13.07 | 20.11 |
RONW | 0 | 0 | 0 |
PRE IPO(PE) | 9.76 | 0 | 0 |
POST IPO(PE) | 13.28 | 0 | 0 |
Subscription Details (No. of Shares)
The below shows how many shares were subscribed by each investor category in the Happy Steels Limited IPO. These numbers help you understand where the demand is coming from – whether it’s retail investors, QIBs, or NIBs. Higher subscription usually indicates strong interest and confidence from the market.
Subscription Demand (in ₹ Crore)
| Category | Offered | Demand | Times |
|---|---|---|---|
QIBs | ₹4.77 | 281.2 | 58.95 |
FIIs | ₹0 | 16.02 | 0.00 |
FIs | ₹0 | 0.48 | 0.00 |
Others | ₹0 | 264.7 | 0.00 |
RETAIL | ₹8.32 | 609.15 | 73.22 |
NIB | ₹3.56 | 406.11 | 114.08 |
HNIs 2+ | ₹1.19 | 98.91 | 83.12 |
HNIs 10+ | ₹2.38 | 307.2 | 129.08 |
Total | ₹16.66 | 1296.46 | 77.82 |
Application Wise Breakup (Approx. no of Apps)
| Category | Reserved | Applied | Times |
|---|---|---|---|
QIB | 0 | 43 | 0.00 |
NIB | 0 | 5,267 | 0.00 |
RETAIL | 315 | 23,074 | 73.25 |
HNIs(10L +) | 60 | 2,858 | 47.63 |
HNIs (2-10L) | 30 | 2,409 | 80.30 |
Total | 405 | 28,341 | 69.98 |
The IPO reservation for Happy Steels Limited shows how the total issue is divided among different investor categories. This includes allocations for Retail Investors, Qualified Institutional Buyers (QIBs), and Non-Institutional Investors (NIIs). Understanding the reservation structure helps investors know how much of the issue is set aside for their category before applying.
IPO Reservation
| Category | Shares Offers | No. of Shares |
|---|---|---|
ANCHOR | 28.41% | 10,76,000 |
QIB | 19.06% | 7,22,000 |
HNI | 14.26% | 5,40,000 |
RETAIL | 33.26% | 12,60,000 |
Market Maker | 5.02% | 1,90,000 |
TOTAL | 100.00% | 37,88,000 |
Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
Retail (Min) | 2 | 4,000 | ₹2,64,000 | |
sHNI | 3 | 6,000 | ₹3,96,000 | |
bHNI | 8 | 16,000 | ₹10,56,000 |
Below you can find the official contact details of Happy Steels Limited along with the registrar handling the IPO process. This information helps investors reach out for queries related to the company or for checking the allotment status and application updates once the IPO process begins.
Company Details
Email: cs@happysteels.com
Phone: +91 6239821029
Website: https://happysteels.com/
Address: Kanganwal Road, Jaspal Banger, Ludhiana, Punjab, 141122
IPO Registrar
Advertisement