Happy Steels IPO opens today; GMP, subscriptions status, other key details of SME IPO
Happy Steels IPO price band is set at ₹62 to ₹66 per share, and the IPO lot size is 2,000 shares. The company aims to raise ₹25 crore from the book-building issue, which is entirely a fresh issue of 37.88 equity shares.
Happy Steels IPO: The initial public offering (IPO) automotive component manufacturer Happy Steels Ltd opened for public subscription today, July 9, Thursday, and will close on July 13, Monday.
Happy Steels IPO price band is set at ₹62 to ₹66 per share, and the IPO lot size is 2,000 shares. The minimum investment amount required by a retail individual investor is ₹2,64,000. The company aims to raise ₹25 crore from the book-building issue, which is entirely a fresh issue of 37.88 equity shares.
The company proposes to utilise the net issue proceeds for capital expenditure towards purchase of additional plant and machinery for the existing manufacturing unit, repayment or prepayment of term loans to banks, and for general corporate purposes.
The SME IPO allotment date is likely July 14, and the IPO listing date is July 16. Happy Steels shares will be listed on the NSE Emerge, a platform for SME companies.
Share India Capital Services Pvt. Ltd. is the book running lead manager and Bigshare Services Pvt. Ltd. is the Happy Steels IPO registrar.
Happy Steels IPO Subscription Status
Happy Steels IPO has been subscribed 35% so far on July 9, the first day of the bidding process, according to NSE data at 2:40 PM.
The public issue is subscribed 30% in the Retail Individual Investors category, and 64% in the Non-Institutional Investors (NII) segment. The Qualified Institutional Buyers (QIB) category has received 21% subscription so far.
Happy Steels IPO GMP Today
Happy Steels shares are commanding a decent grey market premium (GMP). According to experts, Happy Steels IPO GMP today is ₹5 per share. This indicates that in the grey market, Happy Steels shares are trading higher by ₹5 apiece than the issue price.
Considering the Happy Steels IPO GMP today, the estimated listing price of the stock would be ₹71 apiece, which is at a premium of 7.58% to the issue price of ₹66 per share.
About the Author
Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants. <br><br> With nine years of experience in business and financial journalism, Ankit’s approach is rooted in the belief that market reporting should go beyond headlines — connecting data, policy, and ground realities to deliver actionable insights. His work consistently bridges the gap between institutional analysis and investor understanding. <br><br> Ankit has spent three years at Livemint, where he currently helps drive market coverage, editorial strategy, and high-impact financial stories. Prior to this, he worked with leading business news networks such as CNBC-TV18, ET Now, TickerPlant News Service where he built deep expertise in stock market analysis, macroeconomic trends, primary markets, and coverage of key regulators including the RBI and SEBI. <br><br> Over the years, he has covered market cycles across bull and bear phases, IPO booms, liquidity shocks, and major policy shifts that reshaped investor sentiment. He has interviewed fund managers, corporate leaders, and policymakers, translating their perspectives into sharp, data-backed narratives. Ankit combines speed with accuracy — ensuring timely, credible, and insight-driven financial journalism that empowers both retail and institutional audiences.
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