Happy Forgings IPO Details: The IPO date for Happy Forgings has been announced; the IPO will go public on December 19 and wrap up on December 21. Happy Forgings IPO is expected to raise roughly Rs. 1009 crores through an IPO which comprises a fresh issue of Rs. 400 crores and an offer for sale of up to 7,159,920 equity shares at Rs. 2 each. The retail quota is 35%, the QIB quota is 50%, and the HNI quota is 15%.
Happy Forging Company and Business
- In terms of forgings capacity, Happy Forgings is the fourth largest engineering-led manufacturer of complicated and safety-critical, heavy forged, and high precision machined components in India as of Fiscal 2023. They engage in engineering, process design, testing, production, and delivery of a variety of components that are both margin-accretive and value-additive through their vertically integrated operations. They primarily serve domestic and global original equipment manufacturers (OEMs) of commercial vehicles in the automotive sector, while serving manufacturers of farm equipment, off-highway vehicles, and industrial equipment and machinery for the oil and gas, power generation, railways, and wind turbine industries in the non-automotive sector.
- They have emerged as a leading player in the domestic crankshaft manufacturing industry, with the second largest production capacity for commercial vehicle and high horse-power industrial crankshafts in India, after over 40 years of experience in manufacturing and supplying quality and complex components according to customer specifications. Their focus on developing margin-enhancing value-added goods has led to their transformation from a forging-dominated business to a manufacturer of machined components.
- Their revenue from the sale of machined products increased at a CAGR of 44.99% from 3,992.02 million in Fiscal 2021 (representing 72.88% of their revenue from the sale of products in such Fiscal) to 8,392.33 million in Fiscal 2023 (representing 78.66% of their revenue from the sale of products in such Fiscal), demonstrating their increased focus on machined products. Happy Forgings provides a diverse range of heavy forged and machined items for a variety of industries, including crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, pinion shafts, suspension products, and valve bodies.
Happy Forgings IPO Date 2023
Happy Forgings IPO Date and price Band Details are given below in the table.
| Happy Forgings IPO Date 2023 | |
| IPO Open: | December 19, 2023 |
| IPO Close: | December 21, 2023 |
| IPO Size: | Approx ₹1009 Crores |
| Fresh Issue: | Approx ₹400 Crores |
| Offer for Sale: | Approx 7,159,920 Equity Share |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹808 to ₹850 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
Happy Forgings IPO Market Lot
The Happy Forgings IPO minimum market lot is 17 shares with ₹14,450 application amount. Retail investors can apply up to 13 lots with 221 shares or ₹187,850 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 17 | ₹14,450 |
| Retail Maximum | 13 | 221 | ₹187,850 |
| S-HNI Minimum | 14 | 238 | ₹202,300 |
| B-HNI Minimum | 68 | 1190 | ₹1,011,500 |
Happy Forgings IPO Important Dates
The Happy Forgings IPO date is December 19 and the close date is December 21. The Happy Forgings IPO allotment will be finalized on December 22 and the IPO listing on December 27.
| Happy Forgings IPO Important Dates | |
| Anchor Investors Allotment | December 18, 2023 |
| IPO Open Date | December 19, 2023 |
| IPO Close Date | December 21, 2023 |
| Basis of Allotment | December 22, 2023 |
| Refunds | December 26, 2023 |
| Credit to Demat Account | December 26, 2023 |
| IPO Listing Date | December 27, 2023 |
Happy Forgings IPO GMP Live
Happy Forgings IPO GMP Live Rates day by day with Kotak rates are tabulated here.
| Date | GMP | Kostak | Subject to |
| Today | ₹420 | ₹- | ₹5,500 |
| 18 December | ₹450 | ₹- | ₹5,500 |
| 17 December | ₹450 | ₹- | ₹5,500 |
| 14 December | ₹450 | ₹- | ₹5,500 |
| 13 December | ₹- | ₹- | ₹- |
| 12 December | ₹- | ₹- | ₹- |
| 11 December | ₹- | ₹- | ₹- |
Happy Forgings Financial Report
| Year | Revenue (₹ in Crores) | Expense (₹ in Crores) | PAT (₹ in Crores) |
| 2021 | ₹590.81 | ₹473.75 | ₹86.44 |
| 2022 | ₹866.10 | ₹674.05 | ₹142.29 |
| 2023 | ₹1202.27 | ₹922.24 | ₹208.70 |
| 2024 (6M) | ₹675.73 | ₹516.47 | ₹119.30 |
Happy Forgings IPO FAQs
Q. What is Happy Forgings IPO?
Ans. Happy Forgings IPO is a main-board IPO. They are going to raise ₹1009 Crores via IPO. The issue is priced at ₹808 to ₹850 pr equity share. The IPO is to be listed on BSE & NSE.
Q. When Happy Forgings IPO will open?
Ans. The IPO is to open on December 19, 2023, for QIB, NII, and Retail Investors.
Q. What is Happy Forgings IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q. How to Apply the Happy Forgings IPO?
Ans. You can apply for Happy Forgings IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q. What is Happy Forgings IPO Size?
Ans. Happy Forgings IPO size is ₹1009 crores.
Q. What is Happy Forgings IPO Price Band?
Ans. Happy Forgings IPO Price Band is ₹808 to ₹850.
Q. What is the Happy Forgings IPO Allotment Date?
Ans. Happy Forgings IPO allotment date is December 22, 2023.
Q. What is the Happy Forgings IPO Listing Date?
Ans. Happy Forgings IPO listing date is December 27, 2023. The IPO is to be listed on BSE and NSE.
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