Happy Steels IPO share allotment in focus today: GMP, steps to check status online

Happy Steels IPO, which closed on 13 July after opening on 9 July, was subscribed nearly 78 times and its share allotment is expected to be finalised on 14 July, with listing scheduled on NSE SME on 16 July. The IPO was entirely a fresh issue of about 37.88 lakh shares at a price band of ₹62-66, aiming to raise ₹25 crore for plant and machinery, repayment of term loans, and general corporate purposes. Grey market premium stood at about ₹8, indicating an estimated listing price of around ₹74, about 12 percent above the upper price band.