Weak fundamentals and premium/expensive valuation
SME IPOs are higher risk, less liquid and more volatile than mainboard IPOs. Invest only after reading the offer document and understanding the risks.
Happy Steels IPO is currently open with a price band of 62-66. The issue size is 25 cr and the lot size is 2000 shares.
The fundamentals view is neutral due to missing financial data.
The data quality is poor due to missing or stale financials, company profile, and anchor investor data.
+15.2%
Overall demand
Retail Queue
Institutional Queue
Non-Institutional
Subscribed
GYR Capital Market Maker
Merchant banker track record is not available.
Post-listing volume can be low. Trading takes place in large retail lots.
Top 5 customers account for more than 40% of revenues.
Scale of operations is relatively small, with minor audit flags.
Vibrant growth sector
Promoters group
Whole-time Directors & Promoter group
| Company | P/E (x) | ROE (%) | Revenue CAGR (3Y) | EBITDA Margin (%) | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| Happy Steels (IPO) | -- | -- | -- | -- | -- |
Good / Improving metrics, margins and cash flows with comfortable leverage.
Subscription Trend (Times)
GMP Trend (₹)
Ideal for investors who:
