Happy Steels SME IPO
Happy Steels IPO — date, price band, lot size & details 2026
Happy Steels IPO closed for bidding on 13 Jul 2026. Price band ₹62–66, lot size 2000 shares (minimum 2 lots, ₹2,64,000). Allotment date 14 Jul, listing date 16 Jul.
Everything you need to know about the Happy Steels IPO. Track the latest updates, GMP trends, and subscription status.
Stock price
Happy Steels is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 3 October.
- Open 09 Jul 2026
- Close 13 Jul 2026
- Allotment 14 Jul 2026
- Refund/credit 15 Jul 2026
- Listing 16 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 13 Jul, 2026 |
|---|---|
| Price Band | ₹62 – ₹66 |
| Face Value | ₹10 |
| Lot Size | 2000 Shares |
| Issue Size | ₹25 Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,64,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 2000 shares at the ₹66 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 4,000 | ₹2,64,000 |
| Retail (max) | 2 | 4,000 | ₹2,64,000 |
| HNI (min) | 3 | 6,000 | ₹3,96,000 |
Three years of numbers
All figures in ₹ crore, as reported in the Happy Steels offer document.
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 99.66 | 78.62 | 78.37 |
| Total Income | 96.57 | 82.52 | 82.24 |
| Profit After Tax | 7.10 | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Happy Steels RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Happy Steels IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹4.97 |
| P/E Ratio (x) | 13.28 |
| Market Cap at Offer Price (₹ Cr) | ₹94.29 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹66 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹25.00 Cr of the issue is earmarked to named objects.
About the company
No company details available yet.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 6239821029
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Share India Capital Services Private Limited
4 issues handled (1 mainboard, 3 SME)Best listing: Oneindig Technologies (+25.0%). Weakest: GRE Renew Enertech (-8.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Happy Steels?
The current Grey Market Premium is ₹10, or 15.2% over the issue price.
What is the Happy Steels IPO price band?
₹62 to ₹66, on a face value of ₹10.
When is the allotment?
The basis of allotment is 14 July 2026, with listing on 16 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
