Happy Steels IPO opens today; GMP, subscriptions status, other key details of SME IPO

Happy Steels, an automotive component manufacturer, opened its SME IPO for public subscription on July 9, with the issue closing on July 13. The price band is set at ₹62 to ₹66 per share with a lot size of 2,000 shares, and the company aims to raise ₹25 crore through a fresh issue of 37.88 lakh equity shares. The shares will list on the NSE Emerge platform on July 16, with grey market premium at ₹0, suggesting a flat listing at the issue price of ₹66.