Happy Steels IPO is to open on July 9, 2026. It is an SME IPO that will raise ā¹25 crores. The Happy Steels IPO price band is fixed at ā¹62 to ā¹66 with a market lot of 4,000 Shares.
Happy Steels IPO GMP Live Rates day by day.
| Date | IPO GMP | GMP Trend | Gain | Last Updated |
| 16 July | ā¹10 | š“ | 15.15% | 17:22 |
| 15 July | ā¹12 | š¢ | 18.18% | 17:31 |
| 14 July | ā¹8 | š“ | 12.12% | 14:18 |
| 13 July | ā¹14 | š¢ | 21.21% | 16:50 |
| 11 July | ā¹7 | š“ | 10.61% | 16:48 |
| 10 July | ā¹8 | š¢ | 12.12% | 15:21 |
| 9 July | ā¹- | – | -% | 16:49 |
| 8 July | ā¹- | – | -% | 17:25 |
| 7 July | ā¹- | – | -% | 17:31 |
| 6 July | ā¹- | – | -% | 16:39 |
| 4 July | ā¹- | – | -% | 12:17 |
| 3 July | ā¹- | – | -% | 12:52 |
Happy Steels IPO Details
| IPO Open Date | July 9, 2026 |
| IPO Close Date | July 13, 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹62 to ā¹66 Per Share |
| Issue Size | Approx ā¹25 Crores |
| Fresh Issue | Approx ā¹25 Crores |
| Issue Type | Book-build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Happy Steels IPO Dates
| IPO Open Date: | July 9, 2026 |
| IPO Close Date: | July 13, 2026 |
| Basis of Allotment: | July 14, 2026 |
| Refunds: | July 15, 2026 |
| Credit to Demat Account: | July 15, 2026 |
| IPO Listing Date: | July 16, 2026 |
| IPO Bidding Cut-off Time: | July 13, 2026 – 5 PM |
Business Overview
Happy Steels, founded in 1996, is one of the leading manufacturers of forged and machined metal components used in vehicle transmission and driveline systems. These components are used in various industries, including automotive, electric vehicles (EVs), off-highway equipment, and defence.
Happy Steels manages the entire manufacturing process, from raw material procurement, forging, heat treatment, precision machining, gear cutting, drilling, surface hardening, grinding, inspection, and packing. Its product portfolio consists of a wide range of axles, long spline shafts, spindles, and other safety-critical and load-bearing components. Its manufacturing facility is located in Punjab, covering 16,577 square yards with a capacity of 8,640 MT for cutting, 7,776 MT for forging, and 4,492.8 MT for machining annually.
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