The Happy Forgings IPO commenced on December 19, 2023, and concluded on December 21, 2023. The allotment of shares took place on December 22, 2023, and the initiation of refunds began on December 26, 2023. The shares were credited to the demat accounts of investors on December 26, 2023. Finally, the listing of Happy Forgings on the stock exchange occurred on December 27, 2023.
The Happy Forgings IPO was priced at ₹808 to ₹850 per share, with a lot size of 17 shares. The total issue size was ₹1,008.59 crores, comprising a fresh issue of ₹400.00 crores and an offer for sale of ₹608.59 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Happy Forgings IPO Basic Details
| Company Name | Happy Forgings Limited |
| Domain of Company | Forging Company |
| Happy Forgings IPO GMP Today | ₹430 |
| Happy Forgings IPO Listing Gain | 50.59% |
| Happy Forgings IPO Open Date | December 19, 2023 |
| Happy Forgings IPO Close Date | December 21, 2023 |
| Happy Forgings IPO Allotment Date | December 22, 2023 |
| Happy Forgings IPO Listing Date | December 27, 2023 |
| Face Value | ₹2 per share |
| Price | ₹808 to ₹850 per share |
| Lot Size | 17 Shares |
| Issue Size | 11,865,802 shares of ₹2 (aggregating up to ₹1,008.59 Cr) |
| Fresh Issue | 4,705,882 shares of ₹2 (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 7,159,920 shares of ₹2 (aggregating up to ₹608.59 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Paritosh Kumar, Ashish Garg, Megha Garg, Ayush Capital & Financial Services Private Limited, Garg Family Trust, Paritosh Kumar Garg (HUF) and Ashish Garg & Sons (HUF) |
Happy Forgings IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹430 | 50.59% | – | – |
| 19 December 2023 | ₹430 | 50.59% | – | – |
Happy Forgings IPO Details:
Happy Forgings Limited started in July 1979 in India. They’re experts in making heavy forgings and precise machined components.
They create, design, and test different products like crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products, and valve bodies. These are used by various industries and customers.
Their customers include 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.
Happy Forgings Limited has served customers in Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States of America.
The company operates three manufacturing facilities, two in Kanganwal and one in Dugri, all in Ludhiana, Punjab. In the fiscal year 2023, their operational revenue increased by 43.02%.
Happy Forgings IPO More Details Click Here
Happy Forgings IPO FAQs
When is Happy Forgings IPO open?
Happy Forgings IPO will open on 19 December 2023.
When is Happy Forgings IPO Close?
Happy Forgings IPO will be closed on 21 December 2023.
What is Happy Forgings IPO GMP Today?
The Happy Forgings IPO GMP aka Grey Market Premium is ₹430.
What is Happy Forgings IPO Kostak Rates Today?
The Happy Forgings IPO Kostak Rate is ₹000.
What is Happy Forgings IPO Subject to Sauda Price Today?
The Happy Forgings IPO subject to sauda rates is ₹000.
Happy Forgings IPO Expected Returns?
The Happy Forgings expected return is 50.59%.
How much will be the listing gain in Happy Forgings IPO?
Happy Forgings IPO will get listing gain of 50.59%. (Approx.)
