Happy Steels IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.21 | 0.63 | 59.01 |
| NII | 1.31 | 5.39 | 113.60 |
| RII | 0.50 | 3.55 | 73.25 |
| Total | 0.59 | 3.11 | 77.81 |
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
The Happy Steels IPO minimum market lot is 4,000 shares with ₹2,64,000 application amount. The Happy Steels IPO is a SME IPO, and it is to be listed on NSE SME.
Business Overview
Happy Steels, founded in 1996, is one of the leading manufacturers of forged and machined metal components used in vehicle transmission and driveline systems. These components are used in various industries, including automotive, electric vehicles (EVs), off-highway equipment, and defence.
Happy Steels manages the entire manufacturing process, from raw material procurement, forging, heat treatment, precision machining, gear cutting, drilling, surface hardening, grinding, inspection, and packing. Its product portfolio consists of a wide range of axles, long spline shafts, spindles, and other safety-critical and load-bearing components. Its manufacturing facility is located in Punjab, covering 16,577 square yards with a capacity of 8,640 MT for cutting, 7,776 MT for forging, and 4,492.8 MT for machining annually.
Happy Steels IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Happy Steels IPO Review and Rating
- May Apply For Long-term View
Happy Steels IPO Form
How to apply for the Happy Steels IPO? You can apply for Happy Steels IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Happy Steels IPO in the Invest section. The other option is you can apply for Happy Steels IPO via IPO forms downloaded online. Check out the Happy Steels forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
