Happy Steels IPO
The Happy Steels IPO was a ₹25 crore SME issue (fresh issue only), open for bidding from 9 Jul to 13 July 2026 at a price band of ₹62 to ₹66. The final issue price was ₹66. Investors bid for 19,64,34,000 shares through 28,384 applications. Shares listed on NSE SME on 16 July 2026 at ₹68.00, 3.0% above the issue price, and closed the first day at ₹68.50.
- Listing gain at open
- +3.0%₹68.00 vs ₹66
- Issue price
- ₹66Band ₹62 to ₹66
- Lot size
- 2,000 sharesMinimum ₹2,64,000
- Issue size
- ₹25 crore
- Subscribed
- Not available
- Listed
- 16 Jul 2026NSE SME
Price and lots
Happy Steels IPO details
NSE issue details| Bidding dates | 9 Jul 2026 to 13 Jul 2026 |
| Listing date | 16 July 2026 |
| Price band | ₹62 to ₹66 |
| Final issue price | ₹66 |
| Face value | ₹10 per share |
| Lot size | 2,000 shares, minimum 2 lots for individuals |
| Minimum investment | ₹2,64,000 (4,000 shares, our calculation) |
| Issue size | ₹25 crore (our calculation from the NSE issue details) |
| Type of issue | 100 % Book Building, Fresh issue only |
| Listed on | NSE SME |
| NSE symbol | HAPPY |
| ISIN | INE1GFG01011 |
| Lead managers | Share India Capital Services Private Limited, Master Capital Services Limited |
| Registrar | Bigshare Services Private Limited |
Subscription and listing
Happy Steels IPO subscription and listing
NSE and BSEFinal subscription
NSE issue details| Category | Shares bid | Applications |
|---|---|---|
| QIBs | 4,26,06,000 | 43 |
| Non-institutional | 6,15,32,000 | 5,267 |
| Individual investors | 9,22,96,000 | 23,074 |
| Total | 19,64,34,000 | 28,384 |
For this SME issue NSE publishes shares bid and applications by category, not times subscribed.
Listing day
Our calculation: gains vs issue price| NSE | |
|---|---|
| Open | ₹68.00 |
| High | ₹71.40 |
| Low | ₹68.00 |
| Close | ₹68.50 |
| Gain at open | +3.0% |
| Gain at close | +3.8% |
| Shares traded | 16,70,000 |
Latest: closed at ₹66.00 on NSE on 6 November 2026, 0.0% vs the issue price (our calculation). Past returns say nothing about future returns.
How it compares
How the Happy Steels IPO compares
Our calculation: 2026 SME IPOs on IPO24by7Among 78 SME IPOs of 2026 on our tracker, its listing gain of 3.0% at open ranks 28th of 75. By issue size it ranks 69th. The median listing-day gain at open for SME IPOs this year is +1.0%. See all 2026 IPOs with listing gains or the IPO calendar for July 2026.
Other SME IPOs listed in July 2026
| IPO | Listed | Issue price | Subscribed | Gain at open |
|---|---|---|---|---|
| Metalic Technoforge | 28 Jul 2026 | ₹77 | - | +13.0% |
| IC Electricals Company | 10 Jul 2026 | ₹99 | - | +67.7% |
| Teja Engineering Industries | 7 Jul 2026 | ₹220 | - | +90.0% |
| Vinit Mobile | 7 Jul 2026 | ₹158 | - | −1.9% |
| Shreedhar Spinners | 1 Jul 2026 | ₹53 | - | +2.6% |
Allotment
Happy Steels IPO allotment status
- Open the registrar's pageBigshare Services Private Limited is the registrar. Open its allotment page.
- Select Happy Steels LimitedOlder issues may move to an archive list on the registrar's site.
- Enter your PAN, application number or DP IDUse the details you applied with.
- Or check your demat accountAllotted shares were credited before the listing day.
Documents
Questions
Happy Steels IPO FAQs
What was the Happy Steels IPO price band?
The price band was ₹62 to ₹66 per share and the final issue price was ₹66. The face value is ₹10 per share.
What was the Happy Steels IPO lot size?
One lot was 2,000 shares. Individual investors had to apply for at least 2 lots, so the minimum was ₹2,64,000.
What was the Happy Steels IPO listing price?
It opened at ₹68.00 on NSE SME on 16 July 2026, a gain of 3.0% over the issue price of ₹66 (our calculation). It closed the day at ₹68.50.
How do I check Happy Steels IPO allotment status?
Bigshare Services Private Limited is the registrar. Select Happy Steels Limited on its allotment page and enter your PAN, application number or DP ID. You can also check on the NSE or BSE application status page.
Was the Happy Steels IPO a fresh issue or an offer for sale?
Fresh issue only, as stated in the NSE issue details.
Who were the lead managers of the Happy Steels IPO?
Share India Capital Services Private Limited, Master Capital Services Limited.
Sources: NSE public issue information and IPO detail pages; NSE and BSE end-of-day bhavcopy files. Gains, issue size and minimum investment are our calculations. This page is information only, not a recommendation.