Happy Steels

ListedListed 16 Jul 2026NSE SMENSE: HAPPY-SMCheck allotment

Current price₹ 77.05+16.74% since issue

Issue price: ₹ 66
Issue size: ₹ 25 Cr.
Min. investment: ₹ 1,32,000
Subscribed: 77.89x
Lot size: 2,000 shares
P/E: 13.28
RoNW: 17.76%
RoCE: 20.89%
PAT margin: 7.50%
EPS: ₹ 4.97
Promoter stake: 72.99%

Timeline

Opens
9 Jul
done
Closes
13 Jul
done
Allotment
14 Jul
done
Refunds
15 Jul
done
Demat credit
15 Jul
done
Listing
16 Jul
done

Grey market premium (GMP)

GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.

Highest: ₹ 14 on 11 Jul 2026
Lowest: ₹ 0 on 3 Jul 2026
First quoted: ₹ 0 on 3 Jul 2026

Subscription

How many times each investor group bid for its share, as of 13 Jul 2026, 05:10 PM IST.

How much to apply for

The smallest and largest bids for each kind of investor at the upper price band.

Lots and amounts by investor type

Retail (Min)	1	2,000	₹ 1,32,000
Retail (Max)	1	2,000	₹ 1,32,000
HNI (Min)	2	4,000	₹ 2,64,000

Company overview

Financials

Financials by year

Assets	99.66	78.62	78.37
Total Income	96.57	82.52	82.24
Profit After Tax	7.1	2.34	4.69
EBITDA	15.27	8.49	11.08
NET Worth	39.98	32.88	30.54
Reserves and Surplus	29.48	31.38	29.04
Total Borrowing	47.18	34.21	35.69

What the money is for

Objects of the issue

Capital Expenditure towards purchase of additional plant and machinery for the existing manufacturing unit	13.16
Repayment/ Prepayment of Term Loans to Banks	4.98
General Corporate Purposes	3.62
Issue Expenses	3.24

Promoters

Parveen Kumar Garg
Abhishek Garg
Deepak Garg
Parveen Kumar Garg (HUF)

Promoter holding99.33%→72.99%before → after the issue · down 26.34 points

Registrar, lead managers and documents

Listing on: NSE SME
Face value: ₹ 10 a share
Registrar: Bigshare Services Private Limited
Lead managers: Master Capital Services Limited, Share India Capital Services Private Limited

IPO dates, prices, grey market premium (GMP), subscription and the company overview: IPO Guru, updated three times a day. GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.

Our recommendations are research opinions, not investment advice. Read the offer document (RHP) and consult your financial adviser before investing.