Happy Steels IPO — GMP Today, Price Band, Dates & Listing
Happy Steels SME IPO (NSE: HAPPY) opened on 9 Jul 2026 and closed on 13 Jul 2026 on NSE SME. Price band Rs 62–66, lot size 2,000 shares (minimum application Rs 264,000, two lots, the SME minimum application, at the upper band). Listed on 16 Jul 2026 at +3.79% over the issue price on day one.
Happy Steels IPO details
| Status | Listed |
| Open date | 9 Jul 2026 |
| Close date | 13 Jul 2026 |
| Price band | Rs 62–66 |
| Lot size | 2,000 shares |
| Minimum investment | Rs 264,000 (two lots, the SME minimum application, at the upper band) |
| Face value | Rs.10 per equity share |
| Issue type | 100 % Book Building |
| Issue size (NSE summary) | Initial Public Offering of fresh Issue up to 37,88,000 Equity Shares (including Market Maker portion of 1,90,000 Equity Shares and Anchor Allocation 10,76,000 Equity Shares) |
| Listing date | 16 Jul 2026 (listed) |
| Exchange | NSE SME |
| Lead managers | Share India Capital Services Private Limited and Master Capital Services Limited |
| Registrar | Bigshare Services Private Limited |
| NSE symbol | HAPPY |
| Prospectus | Red herring prospectus (NSE archive, zip) |
Face value, lot, issue type, issue size, lead managers and registrar are as filed on NSE's IPO detail page (HAPPY). Page data as of 15 Sep 2026.
Subscribed 72.43x on NSE (NSE + BSE combined 72.43x) as of 13 Jul 2026, 19:00 IST (NSE). Category and day-wise breakdown.
Key dates
| Issue opens | 9 Jul 2026 |
| Issue closes | 13 Jul 2026 |
| Basis of allotment | 14 Jul 2026 (expected, T+1) |
| Refunds / demat credit | 15 Jul 2026 (expected, T+2) |
| Listing | 16 Jul 2026 (listed) on NSE SME |
Post-close dates follow SEBI's T+3 listing timeline counted in working days from the close; registrar and exchange notices are final.
Happy Steels listing performance
| Issue price | Rs 66.00 |
| Listed on | 2026-07-16 |
| Listing day open | Rs 68.00 |
| Listing day close | Rs 68.50 |
| Listing gain (close vs issue) | +3.79% |
| Latest close | Rs 84.20 |
| Return since issue | +27.58% |
Listing-day and latest prices from NSE end-of-day data (symbol HAPPY). Latest close as of 2026-09-15. Listing-day gain is measured within the listing week and is unaffected by corporate actions; return since issue is price-only, excludes dividends and is not adjusted for splits or bonuses.
What the GMP means for Happy Steels
Grey Market Premium (GMP) is the unofficial premium at which an IPO's shares change hands before listing. A positive GMP signals bullish pre-listing sentiment, but it is unregulated, volatile and routinely diverges from the actual listing price in both directions — treat it as a thermometer, never a forecast. Read our full What is GMP? guide for how the grey market works.
Apply, allotment and listing
- How to apply: step-by-step UPI/ASBA instructions in our IPO application guide.
- Allotment status: registrar link and the T+3 timeline on the Happy Steels allotment page.
- Compare with other issues: the full live board is on IPO GMP Today and the IPO Calendar.
- Need a demat account? see best brokers for IPO applications.
FAQs on Happy Steels IPO
What is Happy Steels IPO GMP today?
Happy Steels has listed, so its grey market premium no longer applies. The listing performance table on this page has the actual debut price and gain.
When did the Happy Steels IPO open and close?
Happy Steels's subscription window opened on 9 Jul 2026 and closed on 13 Jul 2026.
What is the Happy Steels IPO price band and lot size?
For Happy Steels, the price band is Rs 62–66 and one lot is 2,000 shares (minimum application Rs 264,000, two lots, the SME minimum application, at the upper band).
Who is the registrar for the Happy Steels IPO?
The registrar to the Happy Steels IPO is Bigshare Services Private Limited (as filed on NSE). Allotment status is checked on the registrar's website once the basis of allotment is finalised — the link is on our Happy Steels allotment status page.
How did Happy Steels perform on listing day?
Happy Steels listed on 16 Jul 2026 and closed its first day at Rs 68.50, +3.79% against the issue price (NSE end-of-day data).