New Delhi, July 14 -- Happy Steels IPO, which opened for public subscription on Thursday, 9 July, and closed on Monday, 13 July, concluded with a healthy subscription of nearly 78 times.

With the subscription period over, Happy Steels IPO share allotment is expected to be finalised on Tuesday, 14 July. Successful bidders can expect shares of the company to be credited into their demat accounts on Wednesday, 15 July, while those who do not get the allotment may receive the refunds on the same day.

Happy Steels shares are expected to list on the NSE SME on Thursday, 16 July.

Happy Steels IPO was entirely a fresh issue of 37,88,000 shares. With a price band of Rs.62 to Rs.66 per share, the company aimed to raise Rs.25 crore for buying add...