Happy Forgings Ltd IPO
Price Range
-
-
Min. Quantity
-
Closes on
-
-
Min. investment
₹-
Happy Forgings Ltd IPO Timeline
| 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 | - |
| Happy Forgings Ltd IPO Face Value | - |
| Happy Forgings Ltd IPO Price | - |
| Happy Forgings Ltd IPO Lot Size | - |
| Issue Size | - |
| Fresh Issue | - |
| Offer for Sale | - |
| Issue Type | - |
| Listing At | - |
| 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 - shares. A retail-individual investor can apply for up to NaN lots (- shares or ₹-).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | - | - |
| Maximum | - | - | - |
- 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 |
|---|---|---|---|
| 03-2025 | 2,214.64 | 1,446.46 | 267.57 |
| 03-2024 | 1,885.95 | 1,371.59 | 242.99 |
| 03-2023 | 1,326.16 | 1,202.28 | 208.70 |
| 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 - 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
| BSE Script | |
| NSE Symbol | |
| Listing In | - |
| ISIN | INE330T01021 |
| IPO Price | ₹- |
| Face Value | ₹- |
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
How to Check the Allotment Status of Happy Forgings Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Happy Forgings Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Happy Forgings Ltd IPO
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.