Happy Steels IPO
Steel Forgings - Listed on 16 July 2026
Happy Steels IPO listing summary
Happy Steels (Steel Forgings) closed its IPO window in 2026 and listed on NSE and BSE on 16 July 2026 at an upper band issue price of Rs 66 and closing day one at Rs 68.5 (+3.8% on closing basis). The IPO was subscribed - overall - QIB -, HNI/NII -, Retail -. The total issue size was available on this page. IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Happy Steels IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 9 | +13.64% |
| Day 2 | Rs 9 | +13.64% |
| Day 3 | Rs 9 | +13.64% |
| Day 4 | Rs 9 | +13.64% |
| Day 5 | Rs 9 | +13.64% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Happy Steels IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Happy Steels IPO - FAQs
What was the listing gain of Happy Steels IPO?
Happy Steels IPO listed on 16 July 2026. Full listing price details are listed above.
How many times was Happy Steels IPO subscribed?
Subscription data is listed in the Subscription breakdown section above.
What was the IPO GMP for Happy Steels?
IPO GMP started at Rs 9 on Day 1 and moved to Rs 9 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.