Mumbai, July 16 -- The scrip was listed at Rs 68, a 3.03% premium to the initial public offer (IPO) price. The stock is currently up 4.34% over its listing price.

The counter hit a high of Rs 71.40 and a low of Rs 68. About 14.76 lakh shares of the company changed hands at the counter.

Happy Steels' IPO was subscribed 72.43 times. The issue opened for bidding on 9 July 2026 and it closed on 13 July 2026. The price band of the IPO was fixed between Rs 62 to Rs 66 per share.

The IPO comprised fresh issue of 37,88,000 equity shares. The company intends to utilize the net proceeds for capital expenditure towards purchase of additional plant and machinery for existing manufacturing unit, repayment/ prepayment of term loans to banks and gene...