Happy Steels Limited
ListedSMEAutomobile and Auto Components · NSE
Happy Steels Limited was incorporated in 1996 and is engaged in manufacturing axles, axle shafts, and precision-engineered forged and machined components for the automotive industry. The company is part of an industrial group with over five decades of engineering experience and supplies products to leading automobile OEMs in India and international markets. Its modern manufacturing facility is equipped with advanced forging, heat treatment, and CNC machining technologies to produce high-quality automotive components. Happy Steels follows strict quality control standards at every stage of production and is certified under IATF 16949:2016. The company has also received several "Best Supplier" awards from leading automotive manufacturers for its quality, reliability, and consistent performance, while continuing to expand its presence in both domestic and global markets.
Price Band
₹62 – ₹66
Issue Size
₹378.80 L Cr
Lot Size
2000 shares
GMP
₹7
+10.6%
Est. Listing
₹73
at current GMP
Subscribed
77.89x
overall
Open
9 Jul 2026
Close
13 Jul 2026
Allotment
14 Jul 2026
Refund
15 Jul 2026
Demat Credit
16 Jul 2026
Listing
16 Jul 2026
Last updated 2 months ago
Overall Subscription
77.89x
Total Demand
QIB Multiplier
59.01x
Institutions & Funds
NII / HNI
113.95x
High Net-Worth
Retail (RII)
73.25x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 722,000 | 42,606,000 | 59.01x |
| NIB | 540,000 | 61,532,000 | 113.95x |
| HNIs(10L +) | 360,000 | 46,546,000 | 129.29x |
| HNIs (2-10L) | 180,000 | 14,986,000 | 83.26x |
| RETAIL | 1,260,000 | 92,296,000 | 73.25x |
| Total | 3,062,000 | 257,966,000 | 77.89x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 43 | 0.00x |
| NIB | — | 5,267 | 0.00x |
| RETAIL | 315 | 23,074 | 73.25x |
| HNIs(10L +) | 60 | 2,858 | 47.63x |
| HNIs (2-10L) | 30 | 2,409 | 80.30x |
| Total Applications | 405 | 33,651 | 83.09x |
Day-Wise Subscription Progress
About Happy Steels Limited Public Issue & Market Profile
Happy Steels Limited is bringing an initial public offering (IPO) in the Automobile and Auto Components sector with an aggregate issue size of ₹37,88,000 Crores. The shares are offered at a price band of ₹62 to ₹66 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,32,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-07-16, while un-allotted funds or UPI block mandates will be released on 2026-07-15.
Frequently Asked Questions
What is the issue size and price band for Happy Steels Limited IPO?
The Happy Steels Limited IPO aggregate issue size is ₹37,88,000 Crores with an equity price band set at ₹62 to ₹66 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,32,000.
How can I check Happy Steels Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Happy Steels Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2026-07-14.