Happy Steels IPO GMP History
Final pre-listing GMP reading: 16 Jul 2026, 5:00 am IST
GMP applies before listing only. The figures below are a historical record of grey market sentiment ahead of the debut on 16 Jul 2026 — see listing performance for the actual outcome.
GMP trend
GMP moved from ₹0 on 3 Jul 2026 to ₹10 on 16 Jul 2026.
Day-wise GMP history
| Date | GMP | Implied Return | Subject to Sauda | Implied Listing |
|---|---|---|---|---|
| 16 Jul 2026 | ₹10 | +15.2% | — | ₹76 |
| 15 Jul 2026 | ₹10 | +15.2% | ₹15,200 | ₹76 |
| 14 Jul 2026 | ₹8 | +12.1% | ₹18,200 | ₹74 |
| 13 Jul 2026 | ₹8 | +12.1% | ₹12,200 | ₹74 |
| 12 Jul 2026 | ₹14 | +21.2% | ₹21,300 | ₹80 |
| 11 Jul 2026 | ₹14 | +21.2% | ₹21,300 | ₹80 |
| 10 Jul 2026 | ₹7 | +10.6% | ₹10,600 | ₹73 |
| 9 Jul 2026 | ₹8 | +12.1% | ₹12,200 | ₹74 |
| 8 Jul 2026 | ₹0 | +0.0% | ₹0 | ₹66 |
| 3 Jul 2026 | ₹0 | +0.0% | — | ₹66 |
GMP is an unofficial figure sourced from grey market dealers and is not a guarantee of the listing price. Provided for information only, not investment advice. How we source GMP · Disclaimer
Reading this GMP history
How the GMP moved
Our tracking of the Happy Steels IPO's grey market premium starts at ₹0, recorded on 3 Jul 2026. The premium topped out at ₹14, roughly +21.2% on the issue price on 11 Jul 2026. The final reading before listing was ₹10, dated 16 Jul 2026. Across that 14-day window, that is a net rise of ₹10 per share. Day-end readings ranged between ₹0 and ₹14 across 10 days of data — a band of ₹14 that shows how much dealer sentiment shifted while the quote was live.
GMP versus the actual listing
At ₹10, the last pre-listing premium pointed to a debut around ₹76 on an issue price of ₹66. The stock actually debuted at ₹68, a listing gain of +3.0% on the issue price. That puts the actual debut ₹8 below what the final premium implied — a gap worth noting when weighing how much signal GMP carried for this issue.
Kostak and subject-to-sauda
Dealers in this issue were also pricing whole applications, not just shares. The subject-to-sauda rate — what a buyer pays for an application that is honoured only if it wins allotment — was last quoted at ₹15,200 per application as of 15 Jul 2026. Unlike a kostak deal, where an application changes hands at a fixed price regardless of the outcome, a sauda payout depends entirely on the allotment draw. At the prevailing premium, the dealer-estimated profit per lot stood at ₹20,000 on a lot of 2000 shares. Both metrics come from the same dealer network as the GMP itself and move with it. Every grey market figure on this page is an unofficial number collected from grey-market dealers; it is not published by the company or the exchanges and is not a guarantee of the actual listing price.
Frequently asked questions
- What is the Happy Steels IPO price band?
- The Happy Steels IPO price band is ₹62 to ₹66 per share, with a lot size of 2000 shares.
- What was the Happy Steels IPO GMP before listing?
- The final grey market premium recorded before the Happy Steels IPO listed was ₹10. The IPO listed on 16 Jul 2026 at ₹68, +3.0% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When is the Happy Steels IPO allotment and listing date?
- Allotment is expected on 14 Jul 2026. The shares are scheduled to list on 16 Jul 2026 on NSE.