Happy Steels SME IPO GMP Today
ListedUpdated 16 July 2026, 5:30 PM IST· NSE SME· Listing 16 Jul 2026
Happy Steels SME IPO opens on 9 July 2026. Happy Steels SME IPO GMP is Rs 10.00 today. Listing price estimate is Rs 76.00 (issue price Rs 66.00). Listing gain estimate: 15.15%.
Happy Steels SME IPO GMP Day Wise
Daily grey market premium, estimated listing price, and profit per lot
GMP for Happy Steels SME started at Rs 0 on 3 July 2026 and stood at Rs 10 on 16 July 2026. The sharpest single-day jump was from Rs 0 on 8 Jul 2026 to Rs 8 on 9 Jul 2026. The upward move through the subscription window usually reflects building demand across investor categories rather than a one-day spike.
| Date | Issue Price | GMP | Listing Price | Est. Profit |
|---|---|---|---|---|
| 16 Jul 2026Today | Rs 66.00 | Rs 10.00 | Rs 76.00 (+15.15%) | Rs 40,000.00 |
| 15 Jul 2026 | Rs 66.00 | Rs 10.00 | Rs 76.00 (+15.15%) | Rs 40,000.00 |
| 14 Jul 2026 | Rs 66.00 | Rs 12.00 | Rs 78.00 (+18.18%) | Rs 48,000.00 |
| 13 Jul 2026 | Rs 66.00 | Rs 8.00 | Rs 74.00 (+12.12%) | Rs 32,000.00 |
| 12 Jul 2026 | Rs 66.00 | Rs 14.00 | Rs 80.00 (+21.21%) | Rs 56,000.00 |
| 11 Jul 2026 | Rs 66.00 | Rs 14.00 | Rs 80.00 (+21.21%) | Rs 56,000.00 |
| 10 Jul 2026 | Rs 66.00 | Rs 7.00 | Rs 73.00 (+10.61%) | Rs 28,000.00 |
| 9 Jul 2026 | Rs 66.00 | Rs 8.00 | Rs 74.00 (+12.12%) | Rs 32,000.00 |
| 8 Jul 2026 | Rs 66.00 | Rs 0.00 | Rs 66.00 (+0.00%) | Rs 0.00 |
| 7 Jul 2026 | Rs 66.00 | Rs 0.00 | Rs 66.00 (+0.00%) | Rs 0.00 |
| 6 Jul 2026 | Rs 66.00 | Rs 0.00 | Rs 66.00 (+0.00%) | Rs 0.00 |
| 5 Jul 2026 | Rs 66.00 | Rs 0.00 | Rs 66.00 (+0.00%) | Rs 0.00 |
| 4 Jul 2026 | Rs 66.00 | Rs 0.00 | Rs 66.00 (+0.00%) | Rs 0.00 |
| 3 Jul 2026 | Rs 66.00 | Rs 0.00 | Rs 66.00 (+0.00%) | Rs 0.00 |
Happy Steels SME IPO Listing Price
Estimated from today’s GMP
Based on today's GMP, Happy Steels SME IPO listing price estimate is Rs 76.00 per share (issue price Rs 66.00 + GMP Rs 10.00).
Actual listing price will be known on 16 July 2026 when the stock lists on NSE/BSE.
Happy Steels SME IPO Listing Gain
Estimated profit per lot from grey market premium
Lot size: 2000 shares (min. 2 lots for SME)
GMP today: Rs 10.00
Estimated listing gain per lot: Rs 10.00 × 4000 = Rs 40,000.00
GMP at roughly 15.2% suggests solid informal demand. The grey market expects the stock to list noticeably above the issue price.
GMP has moved up over the tracked period. Steady increases through the subscription window are usually a stronger signal than a single-day spike.
GMP is unofficial. Listing gain can differ on listing day.
Happy Steels SME IPO Subscription Status
GMP and subscription numbers often move together. When institutional and HNI demand is strong, grey market participants usually price in a higher premium. Current overall subscription for Happy Steels SME is 77.89x. Compare this with the GMP trend to see if demand aligns. The GMP move around 9 Jul 2026 may reflect how the market reacted once the subscription window activity picked up after 9 Jul 2026.
See live figures on the Happy Steels SME IPO Subscription Status page.
Happy Steels SME IPO Details
| Field | Value |
|---|---|
| Price Band | ₹62.0 - ₹66.0 |
| Issue Size | ₹25.00 Cr |
| Lot Size | 2000 shares |
| IPO Type | NSE SME |
| Open Date | 9 Jul 2026 |
| Close Date | 13 Jul 2026 |
| Listing Date | 16 Jul 2026 |
| Subscription | 77.89x |
Happy Steels SME IPO full details (financials, peers, review).
About Happy Steels SME
Happy Steel Limited, established in 1996, is an integrated manufacturer of safety-critical, forged, and precision-machined transmission and driveline components. Operating out of a 16,577 square yard production complex in Ludhiana, Punjab, the company controls the entire metal processing value chain—encompassing raw material cutting, heavy forging, heat treatment, precise gear shaping, surface induction hardening, and grinding. Its specialized high-strength asset portfolio features finished axles, long spline shafts, and safety load-bearing spindles tailored for domestic and international original equipment manufacturers (OEMs) and Tier-I engineering suppliers across on-highway, off-highway, electric vehicle (EV), and sovereign defense application networks.
Happy Steels SME IPO GMP FAQs
What is Happy Steels SME IPO GMP today?
Happy Steels SME IPO GMP is ₹10 as of 27 August 2026, 4:47 AM IST. At issue price ₹66, that is +15.15% expected listing gain in the grey market.
What is Happy Steels SME IPO grey market premium (GMP)?
The grey market premium (GMP) for Happy Steels SME IPO is ₹10 today. GMP is the unofficial premium traders pay above the issue price of ₹66 before listing on NSE/BSE.
What is Happy Steels SME IPO expected returns?
Happy Steels SME IPO expected returns based on today's GMP are +15.15% over the issue price of ₹66. Estimated listing price is ₹76 per share. Actual listing gain on 16 July 2026 may differ.
What is the estimated listing price of Happy Steels SME IPO?
Based on today's GMP, Happy Steels SME IPO estimated listing price is ₹76 per share (issue price ₹66 + GMP ₹10). The actual listing price will be set on 16 July 2026 when trading starts.
What is the expected profit per lot in Happy Steels SME IPO?
At GMP of ₹10 and lot size of 2000 shares (minimum 2 lots for SME), estimated grey market profit is ₹40,000 (2 lot × 2000 shares × ₹10). This is unofficial and not guaranteed on listing day.
Will Happy Steels SME IPO list at GMP price?
Happy Steels SME IPO may list around ₹76 based on current GMP of ₹10, but listing at exact grey market price is not guaranteed. GMP is unofficial. On 16 July 2026, the opening price depends on market sentiment, final subscription, and index levels.
What is Happy Steels SME IPO issue price and lot size?
Happy Steels SME IPO issue price is ₹66 per share (price band ₹62.0 - ₹66.0). Lot size is 2000 shares. Minimum application is 2 lots for SME.
When is Happy Steels SME IPO listing date?
Happy Steels SME IPO is expected to list on 16 July 2026 on NSE and BSE. GMP can still move until listing day.
What is Happy Steels SME IPO GMP high and low?
Happy Steels SME IPO GMP made a high of ₹14 on 12 Jul 2026 and a low of ₹0 on 8 Jul 2026 in tracked grey market data.
Can Happy Steels SME IPO GMP change after subscription closes?
Yes. Happy Steels SME IPO closed on 13 July 2026. GMP often moves until listing (16 July 2026) based on allotment buzz, market mood, and news. Keep this page handy for the latest figure.
What is Happy Steels SME IPO subscription status?
Live category-wise subscription for Happy Steels SME IPO is on the Happy Steels SME IPO Subscription Status page on IPOwiz, including QIB, NII, and retail figures.
How to check Happy Steels SME IPO allotment status?
You can check Happy Steels SME IPO allotment with your PAN on the Happy Steels SME IPO Allotment Status page, the registrar site, BSE, or the IPOwiz App.
Sources
We match Happy Steels SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews GMP figures before they go live.