Sanjay Bambhaniya · Jul 3, 2026

Happy Steels SME IPO Live Subscription Status

SME Book Build Listed

Engineering

NSE SME

Price Band

₹62 - ₹66

Issue Size

₹25.00 Cr

Lot Size

2000

Min. Investment

₹1,32,000

Live GMP ₹10

15.15% Est. Listing: ₹76

SIP Calc Compare

IPO Timeline

DRHP FILED February 12, 2026

OPEN July 9, 2026

CLOSE July 13, 2026

ALLOTMENT July 14, 2026

LISTING July 16, 2026

IPO DETAILS REVIEW GMP SUBSCRIPTION ALLOTMENT STATUS

Happy Steels Subscription

Day-wise bidding details from NSE SME

Live bidding details · Updated every 10 minutes

Live - Day 4 18th Jul 2026 10:04

QIB

59.01 ×

Qualified Institutional

Oversubscribed

NII

113.60 ×

Non-Institutional

Oversubscribed

S-HNI

83.26 ×

Small HNI (Below ₹10L)

Oversubscribed

B-HNI

128.77 ×

Big HNI (Above ₹10L)

Oversubscribed

RETAIL (RII)

1.50 ×

Individual Investors

Subscribed

OVERALL

3.12 ×

Final Subscription

Oversubscribed

Stay updated on the latest subscription status of Happy Steels IPO:
We ensure you receive up-to-date subscription information curated from official sources (NSE SME). Happy Steels IPO Subscription is Closed Now . Visit this section to get accurate data on shares offered vs. shares bid for QIB, NII, Retail, and other sub-categories.

Day-wise Subscription

Real time

Day	QIB	NII	S-HNI	B-HNI	RII	TOTAL
Day 1	0.00x	0.16x	0.04x	0.22x	0.14x	0.10x
Day 2	0.63x	5.74x	4.24x	6.49x	3.53x	3.17x
Day 3	4.54x	43.56x	27.28x	51.69x	29.10x	25.17x
Day 4	59.01x	113.60x	83.26x	128.77x	1.50x	3.12x

Shares Offered vs Bid

NSE SME Data

Category	Shares Offered	Shares Bid	Bid Amount (₹ Cr)
QIB	7,22,000	4,26,06,000	281.20
NII	5,40,000	6,13,42,000	404.86
— S-HNI	1,80,000	1,49,86,000	98.91
— B-HNI	1,70,000	4,63,56,000	305.95
RII	6,16,44,000	9,22,96,000	609.15
Total	62906000	196244000	1,295.21

How to Apply for this IPO? Read here.

Happy Steel Limited provides transmission and driveline components to various clients across the automotive, defence, and electric vehicle sectors. The company started its operations in 1996 and is based in Ludhiana, Punjab. This IPO helps the company buy machinery and clear banking dues. The company will use the fresh issue money to expand plant and machinery capacity. It also wants to settle outstanding term loans. Investors can now track the demand for these shares through the subscription status and the interest of different buyer categories.

Anchor Investor Allocation

Anchor investors are big institutions that buy shares before the public. The Book Running Lead Manager finalised the allocation of – Equity Shares to Anchor Investors at Rs. – per share.

Anchor Investor Details
Bid Date	–
Shares Offered	–
Anchor Portion (₹ Cr.)	–
Anchor lock-in period end date for 50% shares (30 Days)	–
Anchor lock-in period end date for remaining shares (90 Days)	–

Sr.	Anchor	Group Entity	Shares Allotted	Amt (₹ cr.)	% Allocated	% Allotment of Issue
1	PESB ALPHA FUND	PESB CAPITAL	3,04,000	2.01	28.25	8.03
2	SECUROCROP BHARAT AMRITKAAL FUND-I	SECUROCROP	3,02,000	1.99	28.07	7.97
3	SHINE STAR BUILD-CAP PVT.LTD.	SHINE STAR	4,70,000	3.1	43.68	12.41

Disclaimer: This information is for educational purposes only. Always seek advice from a qualified financial professional before making investment choices.

Sanjay Bambhaniya

Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.

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Happy Steels SME IPO Live Subscription Status

Happy Steels Subscription

Day-wise Subscription

Shares Offered vs Bid

Anchor Investor Allocation

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