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Data sourced from NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 3.18x·QIB 0.63x·NII 5.74x·Individual 3.55x
Based on individual subscription by applications (3.55×), approximately 1 in 4 individual applications may receive an allotment if demand holds. Final allotment is decided by the registrar’s computerised lottery.
Happy Steels Limited SME IPO is subscribed 3.18x as of 10 Jul 2026, 5:54 PM, with 0.63x in the QIB category, 5.74x in NII, 3.55x in individual across NSE. The issue is oversubscribed, indicating healthy demand across investor categories. The IPO is open from Jul 9, 2026 to Jul 13, 2026 at a price band of ₹62–₹66 per share, with a minimum individual investor application of ₹2,64,000 for 4000 shares.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 722000 | 454000 | 0.63 |
| NIIs | 540000 | 3100000 | 5.74 |
| BNIIs (>10L) | 360000 | 2336000 | 6.49 |
| SNIIs (<10L) | 180000 | 764000 | 4.24 |
| Individual | 1260000 | 4472000 | 3.55 |
| Total | 2522000 | 8026000 | 3.18 |
| Total Applications1,363 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 60 | 123 | 2.05 |
| SNIIs (<10L) | 30 | 120 | 4 |
| Individual | 315 | 1,118 | 3.55 |
| Total Applications1,363 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 4.77 | 3 | 0.63 |
| FIIs | - | 0.00 | - |
| DIIs | - | 0.00 | - |
| Mutual Funds | - | 0.00 | - |
| Others | - | 3.00 | - |
| NIIs | 3.56 | 20.46 | 5.74 |
| BNIIs (>10L) | 2.38 | 15.42 | 6.49 |
| SNIIs (<10L) | 1.19 | 5.04 | 4.24 |
| Individual | 8.32 | 29.52 | 3.55 |
| TOTAL | 16.65 | 52.97 | 3.18 |
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
|
Day 1
9 Jul 2026
5:00 PM
|
0.21x |
1.31x
1.76x
0.41x
|
0.50x | 0.59x |
|
Day 2
10 Jul 2026
5:00 PM
|
0.63x |
5.74x
6.49x
4.24x
|
3.55x | 3.18x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from NSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 2.05x |
| sHNI | 4.00x |
| Individual | 3.55x |
| Total applications | ~1,363 |
Because Happy Steels is oversubscribed, applicants are not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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