Happy Steels shares set for market debut today; GMP signals nearly 15% listing premium

Happy Steels is set to list on the stock exchanges today following its SME public issue that closed 77.81 times subscribed between July 9 and July 13. The Rs 25 crore fresh issue of 37.88 lakh equity shares was priced at Rs 66 per share, with grey market premium indicating an expected listing price of around Rs 76, nearly 15% above the issue price. Proceeds will be used for capacity expansion, debt repayment, and general corporate purposes.