Happy Steels is officially entering the public market today, with grey market indicators suggesting a promising debut. Investors are anticipating a listing gain of approximately 15%, building on the momentum generated during its recent subscription window.
The company’s Rs 25 crore SME public offering concluded last week with a staggering 77.81 times subscription rate. The overwhelming response from retail and institutional participants underscores high market confidence in the firm’s growth trajectory.
Market analysts note that the fierce demand during the July 9-13 bidding period sets a solid foundation for today's trading session. Investors will be watching closely to see if the stock maintains this early premium as liquidity stabilizes in afternoon trades.
