Happy Steels Limited
ListedSMEAutomobile and Auto Components · NSE
Happy Steels Limited was incorporated in 1996 and is engaged in manufacturing axles, axle shafts, and precision-engineered forged and machined components for the automotive industry. The company is part of an industrial group with over five decades of engineering experience and supplies products to leading automobile OEMs in India and international markets. Its modern manufacturing facility is equipped with advanced forging, heat treatment, and CNC machining technologies to produce high-quality automotive components. Happy Steels follows strict quality control standards at every stage of production and is certified under IATF 16949:2016. The company has also received several "Best Supplier" awards from leading automotive manufacturers for its quality, reliability, and consistent performance, while continuing to expand its presence in both domestic and global markets.
Price Band
₹62 – ₹66
Issue Size
₹378.80 L Cr
Lot Size
2000 shares
GMP
₹7
+10.6%
Est. Listing
₹73
at current GMP
Subscribed
77.89x
overall
Open
9 Jul 2026
Close
13 Jul 2026
Allotment
14 Jul 2026
Refund
15 Jul 2026
Demat Credit
16 Jul 2026
Listing
16 Jul 2026
Last updated 2 months ago
Live Grey Market Premium
Happy Steels Limited GMP Today
Last updated: 16 Jul 2026
Current Premium
₹7+10.6%
Issue Price (Upper)
₹66
Band: ₹62 – ₹66
Estimated Listing Price
₹73
Upper price + GMP
Lot Size
2000 shares
Min investment ₹1,32,000
Estimated Profit / Lot
₹14,000
2000 × ₹7
Happy Steels Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹7
▲ 0 today
Updated 1 minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 27 Sep 2026 | +₹7 | 10.6% | ₹73 |
| 26 Sep 2026 | +₹7 | 10.6% | ₹73 |
| 25 Sep 2026 | +₹6 | 9.6% | ₹72 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Happy Steels Limited Public Issue & Market Profile
Happy Steels Limited is bringing an initial public offering (IPO) in the Automobile and Auto Components sector with an aggregate issue size of ₹37,88,000 Crores. The shares are offered at a price band of ₹62 to ₹66 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Public Issue & Pricing Context:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,32,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Basis of Allotment & Listing Timeline:
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-07-16, while un-allotted funds or UPI block mandates will be released on 2026-07-15.
Frequently Asked Questions
What is Happy Steels Limited IPO GMP today?
The latest grey market premium for Happy Steels Limited IPO is ₹7, which indicates an expected listing price of ₹73.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.