Happy Forgings Limited IPO
Happy Forgings Limited IPO is listed on BSE and NSE, priced at ₹808–₹850 per share. The stock debuted at ₹1000, delivering a listing gain of 17.6%. The IPO had a lot size of ₹17 shares and a minimum investment of ₹14,450.
Happy Forgings Limited IPO
- IPO Dates
- Dec 19, 2023 – Dec 21, 2023
- Price band
- ₹808-850 per equity share
- Minimum Investment
- ₹14,450
- Issue 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)
- Lot size
- 17
- Allotment Date
- Dec 22, 2023
- Listing
- Dec 27, 2023
- Listing At
- BSE, NSE
IPO timeline
-
Dec 19, 2023
Open Date
Completed
-
Dec 21, 2023
Close Date
Completed
-
Dec 22, 2023
Allotment Date
Completed
-
Dec 27, 2023
Listing Date
Completed
Price Summary
- Last closing
- 1,380.00 (62.35%)
- 52 week high
- 1,470.00
- 52 week low
- 802.00
- Last update
Happy Forgings Limited IPO Essentials
Happy Forgings Limited IPO Details
Happy Forgings Limited IPO is priced at ₹808-850 per share with a total issue size of 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). The IPO has a lot size of 17 shares and is listed on BSE and NSE.
- Issue price
- ₹808-850 per equity share
- Lot size
- 17 shares
- Face value
- ₹2 Per Equity Share
- Issue 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) - Listing at
- BSE, NSE
- List price
- 1000.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Jm Financial Limited, Axis Capital Limited, Equirus Capital Private Limited, Motilal Oswal Investment Advisors Limited
Happy Forgings Limited IPO Analytics
Happy Forgings Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Happy Forgings Limited IPO Subscription Status
Happy Forgings Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
3.58x
x
x
|
3.03 x | 2.32 x |
|
Day 2
20-12-23 05:00 PM
|
0.45 x |
16.50x
15.81x
17.87x
|
7.42 x | 7.47 x |
|
Day 3
21-12-23 05:00 PM
|
220.48 x |
62.16x
68.46x
49.58x
|
15.07 x | 82.03 x |
|
Total No. of Applications
|
category wise applications | ||
|---|---|---|---|
| 3,365,429 (Approx) | 13.72 | ||
Happy Forgings Limited Valuations
Earnings
- EPS (Post IPO)
- ₹23.32/-
- P/E Ratio
- 36.45
Returns
- RoNW
- 21.12%
Happy Forgings Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|---|
| Assets | 1,326.17 | 1,129.87 | N/A | N/A |
| Revenue | 1,202.27 | 866.11 | N/A | N/A |
| Profit After Tax | 208.70 | 142.29 | N/A | N/A |
Happy Forgings Limited Company & Offer Insights
About Happy Forgings Limited
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 Promoter(s)
Paritosh Kumar, Ashish Garg, Megha Garg, Ayush Capital & Financial Services Private Limited, Garg Family Trust, Paritosh Kumar Garg (HUF) and Ashish Garg & Sons (HUF) are the company's promoters of Happy Forgings Limited.
Happy Forgings Limited IPO Issue Objectives
- •
- Purchase of equipment, plant and machinery.
- •
- Prepayment of all or a portion of certain outstanding borrowings availed by the Company
- •
- General corporate purposes.
Happy Forgings Limited IPO - Anchor Investors
Happy Forgings IPO: Institutional investors pick Rs 302.6 crore worth of shares via anchor book.
Marquee names that participated in the anchor book of the company were Morgan Stanley, Ashoka Whiteoak ICAV, Optimix Wholesale Global Emerging Markets Share Trust, Janchor Partners, and East Bridge Capital Master Fund.
SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Fidelity Funds, Nippon Life India, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, Axis Mutual Fund, DSP Mutual Fund, Edelweiss Trusteeship, Invesco India, HSBC Mutual Fund, Motilal Oswal MF and Canara Robeco Mutual Fund also invested in the firm.
Contact Information
Frequently Asked Questions
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Happy Forgings Limited IPO is a book-built IPO worth ₹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). The price band is ₹808–₹850 per share. The IPO opens on Dec 19, 2023 and closes on Dec 21, 2023. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Happy Forgings Limited IPO is ₹808 to ₹850 per share.
The lot size of Happy Forgings Limited IPO is 17 shares.
The minimum investment for Happy Forgings Limited IPO is approximately ₹14,450 based on the upper price band .
Happy Forgings Limited IPO opens on Dec 19, 2023 and closes on Dec 21, 2023.
The allotment date of Happy Forgings Limited IPO is Dec 22, 2023.
Happy Forgings Limited IPO is expected to be listed on Dec 27, 2023, on BSE and NSE .
Happy Forgings Limited IPO listed on Dec 27, 2023. It was issued at ₹1000.0(NSE) and is currently around ₹1380.00 as on 14-May-2026 3:30 PM, which is approximately 62.4% versus issue price. The 52-week high is ₹1,470.00.
Based on listing and post-listing performance, Happy Forgings Limited IPO delivered around 62.4% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Happy Forgings Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Happy Forgings Limited IPO valuation snapshot: P/E 36.45, EPS ₹23.32/-, P/B N/A, RoNW 21.12%, and market cap N/A.
To apply for Happy Forgings Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Happy Forgings Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Happy Forgings Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Happy Forgings Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Happy Forgings Limited IPO allotment status on IPO Ji for quick and easy access.