Question 1

What is the Happy Steels Limited IPO?

Accepted Answer

The Happy Steels Limited IPO is an SME (Small and Medium Enterprise) Initial Public Offering where Happy Steels Limited is offering its shares to the public for the first time. The issue size is ₹38 lakhs with a price band of ₹62-66. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will Happy Steels Limited IPO open?

Accepted Answer

The Happy Steels Limited IPO will open for subscription on 09 July 2026 and close on 13 July 2026. You can apply once the IPO opens through your broker's trading platform, internet banking, or UPI apps.

Question 3

What is the lot size of Happy Steels Limited IPO?

Accepted Answer

The lot size for Happy Steels Limited IPO is 2000 shares, which means the minimum investment required is approximately ₹1,32,000 (2000 shares × ₹62-66). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for Happy Steels Limited IPO?

Accepted Answer

You can apply for the Happy Steels Limited IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate. Applications will be accepted once the IPO opens.

Question 5

When is Happy Steels Limited IPO allotment?

Accepted Answer

The Happy Steels Limited IPO allotment is expected on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is Happy Steels Limited IPO listing date?

Accepted Answer

The Happy Steels Limited IPO is expected to be listed on 16 July 2026 on BSE and NSE. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

What is the estimated profit on Happy Steels Limited IPO for retail investors?

Accepted Answer

The current Grey Market Premium (GMP) for Happy Steels Limited IPO is nil or not available yet. Estimated listing gains cannot be determined without positive GMP. However, GMP is unofficial and actual listing performance depends on market conditions, company fundamentals, and investor sentiment on listing day. Always analyze the company's DRHP and financials before investing.

Application	Lots	Shares	Amount
Individual(min) Individual Investors for SME IPO - Investment up to ₹2 lakhs (min 2 lots)	2	4,000	₹2.64L
Individual(max) Individual Investors for SME IPO - Investment up to ₹2 lakhs (min 2 lots)	2	4,000	₹2.64L
SHNI(min) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	3	6,000	₹3.96L
SHNI(max) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	7	14,000	₹9.24L
BHNI(min) Big HNI - Investment above ₹10 lakhs	8	16,000	₹10.56L

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