Happy Forgings Ltd
Price Range
₹808 - ₹850
Min. Quantity
17
Closes on
21 December 2023
Min. investment
₹14,450/221 Shares
Happy Forgings Ltd IPO Timeline
Happy Forgings Limited was incorporated as Happy Forgings Private Limited' at Jalandhar, Punjab as a private limited company, pursuant to a certificate of incorporation dated July 2, 1979, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Thereafter, Company was converted from a private limited company to a public limited company, and the name of Company was changed to Happy Forgings Limited', and a fresh certificate of incorporation dated April 1, 1998, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.
| Event | Date |
|---|---|
| Happy Forgings Ltd IPO Opening Date | 19 December 2023 |
| Happy Forgings Ltd IPO Closing Date | 21 December 2023 |
| Basis of Allotment | 22 December 2023 |
| Initiation of Refunds | 26 December 2023 |
| Credit of Shares to Demat | 26 December 2023 |
| Happy Forgings Ltd IPO Listing Date | 27 December 2023 |
Happy Forgings Ltd IPO Details
| Happy Forgings Ltd IPO Date | 19 December 2023 to 21 December 2023 |
| Happy Forgings Ltd IPO Face Value | ₹2 per share |
| Happy Forgings Ltd IPO Price | ₹808 to ₹850 per share |
| Happy Forgings Ltd IPO Lot Size | 17 |
| Issue Size | Shares of ₹2 (aggregating up to ₹1,008.59 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹400 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹608.59 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 23,10,430 of the Net Offer |
| Retail Shares Offered | Not less than 42,38,646 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 18,16,563 of the Net Offer |
| Company Promoters | Paritosh Kumar, Ashish Garg, Megha Garg |
Happy Forgings Ltd IPO Lot Size
The Happy Forgings Ltd IPO lot size is 17 shares. A retail-individual investor can apply for up to 13 lots (221 shares or ₹1,87,850).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 17 | ₹14,450 |
| Maximum | 13 | 221 | ₹1,87,850 |
- Strengths
- Risks
- Opportunities
- Fourth largest engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India.
- Integrated manufacturing operations coupled with in-house product and process design capabilities resulting in a diverse product portfolio with increasing value addition.
- Diversified business model, well placed to take advantage of potential alternative engine technologies.
- Long-standing relationships with customers across industries.
- Track record of consistently building capabilities and infrastructure, with focus on capital efficiency.
- Experienced Promoters and senior management team.
- Track record of healthy financial performance.
Company Financials
Happy Forgings Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,885.95 | 1,371.59 | 242.99 |
| 03-2023 | 1,326.16 | 1,202.28 | 208.70 |
| 03-2022 | 1,129.86 | 866.1 | 142.28 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- 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 Ltd IPO Promoter Holding
| Pre Issue Share Holding | 10% |
| Post Issue Share Holding | 9.5% |
Happy Forgings Ltd IPO Subscription Status (Bidding Detail)
The Happy Forgings Ltd IPO is subscribed 82.04 times on 21 December 2023 05:00:00 PM. The public issue subscribed 15.09 times in the retail category, 220.48 times in the QIB category, and 62.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 220.48 | 62.17 | 15.09 | - | 82.04 |
Happy Forgings Ltd IPO Prospectus
Happy Forgings Ltd IPO Listing Date
| Listing Date | 27 December 2023 |
| BSE Script | 544057 |
| NSE Symbol | HAPPYFORGE |
| Listing In | BSE, NSE |
| ISIN | INE330T01021 |
| IPO Price | ₹850 |
| Face Value | ₹2 |
Company Contact Information
B-XXIX 2254/1 Kanganwal Rd P OJugiana,Ludhiana-141120
Phone: +91 161 521 7162
Email: complianceofficer@happyforgingsltd.co.in
Website: www.happyforgingsltd.com
Happy Forgings Ltd IPO Registrar
Happy Forgings Ltd IPO Lead Manager(s)
- JM Financial Ltd
- Axis Capital Ltd
- Equirus Capital Pvt Ltd
- Motilal Oswal Investment Advisors Ltd
FAQ
What is the issue size of Happy Forgings Ltd IPO?
I have pre-applied for Happy Forgings Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.