
Happy Forgings Limited
Mainboard₹14,450 / 17 Shares
Happy Forgings Limited IPO Details
The Happy Forgings Limited IPO price band is set between ₹808-850 per equity share, with a face value of ₹2 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 19 Dec, 2023 and closes on 21 Dec, 2023. Investors can check the allotment status on 22 Dec, 2023, while the listing date is tentatively scheduled for 27 Dec, 2023.
The total issue size is Total : ₹1008.59 Cr :#Fresh Issue: 4,705,882 shares , aggregating up to ₹400.00 Cr. Stay tuned for the latest Happy Forgings Limited IPO review and GMP updates.
Happy Forgings Limited IPO Review, Rating & Analysis
Happy Forgings Limited IPO Review
NO REVIEWHappy Forgings Limited IPO Rating
Happy Forgings Limited IPO Highlights
IPO Date
Dec 19, 2023 - Dec 21, 2023
Listing Date
27 Dec, 2023
Face Value
₹2 Per Equity Share
Price Band
₹808-850 per equity share
Lot Size
17 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Happy Forgings Limited IPO Lot Size
The minimum market lot for Happy Forgings Limited IPO is 17 shares with an application amount of ₹14,450. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,450 |
| Retail (Max) | 13 | 221 | ₹1,87,850 |
| S-HNI (Min) | 14 | 238 | ₹2,02,300 |
| S-HNI (Max) | 69 | 1173 | ₹9,97,050 |
| B-HNI (Min) | 70 | 1190 | ₹10,11,500 |
Happy Forgings Limited IPO Timeline
Issue Price
₹808-850 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Jm Financial LimitedAxis Capital LimitedEquirus Capital Private LimitedMotilal Oswal Investment Advisors LimitedIssue Size
Total : ₹1008.59 Cr :#Fresh Issue: 4,705,882 shares (aggregating up to ₹400.00 Cr)#Offer for Sale: 7,159,920 shares of ₹2 (aggregating up to ₹608.59 Cr)Happy Forgings Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 1326.17 | 1202.27 | 208.70 | - | - | - |
| 31 Mar 22 | 1129.87 | 866.11 | 142.29 | - | - | - |
| 31 Mar 20 | N/A | N/A | N/A | - | - | - |
| 31 Mar 19 | N/A | N/A | N/A | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Paritosh Kumar, Ashish Garg, Megha Garg, Ayush Capital & Financial Services Private Limited, Garg Family Trust, Paritosh Kumar Garg (HUF) and Ashish Garg & Sons (HUF)
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 88.24% | 78.60% |
About Company
Happy Forgings Limited is a manufacturer in India that specializes in engineering and producing heavy forged and high-precision machined components. Their focus is on creating complex and safety-critical components that are both valuable and margin accretive. The company operates with a vertically integrated approach, which involves engineering, process design, testing, manufacturing, and supply of a range of components.
The company produces a wide variety of products, such as crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, pinion shafts, suspension products, and valve bodies, that cater to different industries and customers. It has an extensive customer base, which includes well-known names like AAM India Manufacturing Corporation Private Limited, Ashok Leyland Limited, Bonfiglioli Transmissions Private Limited, Dana India, IBCC Industries (India) Private Limited, International Tractors Limited, JCB India Limited, Liebherr CMCtec India Private Limited, Mahindra & Mahindra Limited, Meritor HVS AB, Meritor Heavy Vehicle Systems Cameri SPA, SML ISUZU Limited, Swaraj Engines Limited, Same Deutz Fahr India Private Limited, Tata Cummins Private Limited, Watson & Chalin India Private Limited (Hendrickson India Commercial Vehicle Systems), and Yanmar Engine Manufacturing India Private Limited. Over the years, the company has successfully served customers across different regions, including Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States of America.
Happy Forging Limited has three manufacturing facilities, two in Kanganwal and one in Dugri, all located in Ludhiana, Punjab.
Happy Forgings Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,373,160 | 1,779,870 1,186,580 593,291 | 4,153,031 | 8,306,061 |
Day 1 -19-12-23 05:00 PM | 0.01 x | 3.58 x x | 3.03 x | 2.32 x |
Day 2 -20-12-23 05:00 PM | 0.45 x | 16.50 15.81 x 17.87 x | 7.42 x | 7.47 x |
Day 3 -21-12-23 05:00 PM | 220.48 x | 62.16 68.46 x 49.58 x | 15.07 x | 82.03 x |
13.72 times
Frequently Asked Questions about Happy Forgings Limited IPO
When will Happy Forgings Limited IPO open for subscription?
The Happy Forgings Limited IPO opens on 19 Dec, 2023 and closes on 21 Dec, 2023.
What is the investors portion for Happy Forgings Limited IPO?
The investors' portion for QIB is 220.48 x, NII is 68.46 x, and Retail is 15.07 x.
How to apply for Happy Forgings Limited IPO?
You can apply for Happy Forgings Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Happy Forgings Limited IPO?
The issue size of Happy Forgings Limited IPO is approx ₹Total : ₹1008.59 Cr :#Fresh Issue: 4,705,882 shares (aggregating up to ₹400.00 Cr)#Offer for Sale: 7,159,920 shares of ₹2 (aggregating up to ₹608.59 Cr) crores.
What is the price band of Happy Forgings Limited IPO?
The price band for Happy Forgings Limited IPO is ₹808 to ₹850 per equity share.
What is the lot size of Happy Forgings Limited IPO?
The minimum bid (lot size) for Happy Forgings Limited IPO is N/A shares with an investment of approx ₹14,450 .
What is the allotment date of Happy Forgings Limited IPO?
The allotment date for Happy Forgings Limited IPO is 22 Dec, 2023.
What is the listing date of Happy Forgings Limited IPO?
The listing date for Happy Forgings Limited IPO is expected to be 27 Dec, 2023.
What is the GMP of Happy Forgings Limited IPO?
The latest Grey Market Premium (GMP) for Happy Forgings Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
