Data sourced from NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 77.89x·QIB 59.01x·NII 113.95x·Individual 73.25x
Based on individual subscription by applications (73.25×), approximately 1 in 73 individual applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Happy Steels Limited SME IPO was subscribed 77.89x in total when bidding closed on Jul 13, 2026, with 59.01x in the QIB category, 113.95x in NII, 73.25x in individual across NSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from Jul 9, 2026 to Jul 13, 2026 at a price band of ₹62–₹66 per share. Allotment was finalised on Jul 14, 2026.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 722000 | 42606000 | 59.01 |
| NIIs | 540000 | 61532000 | 113.95 |
| BNIIs (>10L) | 360000 | 46546000 | 129.29 |
| SNIIs (<10L) | 180000 | 14986000 | 83.26 |
| Individual | 1260000 | 92296000 | 73.25 |
| Total | 2522000 | 196434000 | 77.89 |
| Total Applications28,384 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 60 | 2,858 | 47.63 |
| SNIIs (<10L) | 30 | 2,409 | 80.3 |
| Individual | 315 | 23,074 | 73.25 |
| Total Applications28,384 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 4.77 | 281.2 | 59.01 |
| FIIs | - | 16.02 | - |
| DIIs | - | 0.48 | - |
| Mutual Funds | - | 0.00 | - |
| Others | - | 264.70 | - |
| NIIs | 3.56 | 406.11 | 113.95 |
| BNIIs (>10L) | 2.38 | 307.2 | 129.29 |
| SNIIs (<10L) | 1.19 | 98.91 | 83.26 |
| Individual | 8.32 | 609.15 | 73.25 |
| TOTAL | 16.65 | 1296.46 | 77.89 |
| 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 |
|
Day 3
13 Jul 2026
5:00 PM
|
59.01x |
113.95x
129.29x
83.26x
|
73.25x | 77.89x |
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 | 47.63x |
| sHNI | 80.30x |
| Individual | 73.25x |
Because Happy Steels closed oversubscribed, applicants were 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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