Happy Forgings Limited IPO
- IPO Date19 Dec, 2023 to 21 Dec, 2023
- Listing Date27 Dec, 2023
- Face Value₹2 per share
- Issue Price₹808 to ₹850 per share
- Lot Size17 Shares
- Minimum Investment₹14,450
- Listing AtBSE, NSE
- Total Issue Size1,18,65,802 Shares
(aggregating up to ₹1008.59 Cr) - Fresh Issue47,05,882 Shares
(aggregating up to ₹400.00 Cr)
- Offer for Sale71,59,920 Shares
(aggregating up to ₹608.59 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue8,94,99,000
- Shareholding post issue9,42,04,882
IPO Dates
Closing Date
21 Dec, 2023
Initiation of Refunds
26 Dec, 2023
Listing Date
27 Dec, 2023
19 Dec, 2023
Opening Date
22 Dec, 2023
Basis of Allotment
26 Dec, 2023
Credit of Shares
Happy Forgings Limited Lot Size
Investors can bid for a minimum of 17 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 69 | 1173 | ₹9,97,050 |
| Retail (Min) | 1 | 17 | ₹14,450 |
| B-HNI (Min) | 70 | 1190 | ₹10,11,500 |
| S-HNI (Min) | 14 | 238 | ₹2,02,300 |
| Retail (Max) | 13 | 221 | ₹1,87,850 |
Happy Forgings Limited Promoter Holding
The promoters of the company are Paritosh Kumar, Ashish Garg, Megha Garg, Ayush Capital & Financial Services Private Limited, Garg Family Trust, Paritosh Kumar Garg (HUF) and Ashish Garg & Sons (HUF)
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 88.24% | 78.6% |
Key Performance Indicator
Happy Forgings IPO Market Cap is Rs 8007.42 Cr and P/E (x) is 36.45.
| KPI | Values |
|---|---|
| ROE | 21.12% |
| ROCE | 24.24% |
| RoNW | 21.12% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 36.45 | 23.32 |
| P/E (x) | 36.45 | 23.32 |
Happy Forgings Limited COMPANY INFORMATION
Happy Forgings IPO is a book built issue of Rs 1,008.59 crores. The issue is a combination of fresh issue of 0.47 crore shares aggregating to Rs 400.00 crores and offer for sale of 0.72 crore shares aggregating to Rs 608.59 crores. Happy Forgings IPO bidding started from December 19, 2023 and ended on December 21, 2023. The allotment for Happy Forgings IPO was finalized on Friday, December 22, 2023. Happy Forgings IPO will be listed on BSE, NSE on December 27, 2023. Happy Forgings IPO price band is set at ₹808 to ₹850 per share. The minimum lot size for an application is 17 Shares. The minimum amount of investment required by retail investors is ₹14,450. The minimum lot size investment for sNII is 14 lots (238 shares), amounting to ₹202,300, and for bNII, it is 70 lots (1,190 shares), amounting to ₹1,011,500. Jm Financial Limited, Axis Capital Limited, Equirus Capital Private Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Happy Forgings IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Happy Forgings IPO RHP for detailed information.
Incorporated in July 1979, Happy Forgings Limited is an Indian manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components.
The company manufactures, designs and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products and valve bodies for different industries and customers.
The company's customer base includes 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 and others.
The company has served customers in various 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. As of FY 2023, the operational revenue of the company has increased by 43.02%.
FAQs About Happy Forgings Limited Ipo
Happy Forgings Limited IPO will open on 19 Dec, 2023 and close on 21 Dec, 2023. Investors must apply within this period to participate.
The Happy Forgings Limited IPO price band is set between ₹808.00 and ₹850.00 per share. The minimum lot size is 17, requiring an investment of at least ₹14450.00.
The Happy Forgings Limited IPO shares are expected to be listed on 27 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Happy Forgings Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Happy Forgings Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.