Happy Forgings IPO GMP Today ( Grey Market Premium )

Happy Forgings IPO GMP Today ( Grey Market Premium )

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 NameHappy Forgings Limited
Domain of CompanyForging Company
Happy Forgings IPO GMP Today₹430
Happy Forgings IPO Listing Gain50.59%
Happy Forgings IPO Open DateDecember 19, 2023
Happy Forgings IPO Close DateDecember 21, 2023
Happy Forgings IPO Allotment DateDecember 22, 2023
Happy Forgings IPO Listing DateDecember 27, 2023
Face Value₹2 per share
Price₹808 to ₹850 per share
Lot Size17 Shares
Issue Size11,865,802 shares of ₹2
(aggregating up to ₹1,008.59 Cr)
Fresh Issue4,705,882 shares of ₹2
(aggregating up to ₹400.00 Cr)
Offer for Sale7,159,920 shares of ₹2
(aggregating up to ₹608.59 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Company PromotersParitosh 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:

DateGMPListing GainKostakSubject to
19 December 2023₹43050.59%

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.)

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