Happy Forgings Limited IPO IPO Details: Happy Forgings Limited IPO date is not fixed, the IPO may hit the market on December 2023 or early 2024. Happy Forgings Limited IPO is going to raise around ₹ ₹ ₹1009 Crores crores via IPO that comprises fresh issue of ₹ 400 crores and offer for sale up to 7,159,920 equity shares ₹2 each. The retail quota for this IPO is 35%, QIB is 50%, and HNI is 15%.
Table of Contents
Objects of the Issue:
- Acquiring equipment, plant, and machinery, with an estimated cost of ₹171.1 cr
- Repayment or prepayment of existing borrowings of the company debts totaling ₹152.76 cr.
- To Meet general corporate purposes.
Happy Forgings Limited IPO Date & Price Band Details
| IPO Open: | December 19, 2023 |
| IPO Close: | December 21, 2023 |
| IPO Size: | Aprox ₹ 1009 Crores |
| Fresh Issue: | Aprox ₹ 400 Carores |
| Offer for Sale: | Aprox 0.72 crore shares |
| Face Value: | ₹ 2 Per Equity Share |
| IPO Price Band: | ₹ 808 to 850 Per Share |
| IPO Listing Date: | December 27, 2023 |
| IPO Listing On: | BSE & NSE |
| IPO Retail Quota: | 35% |
| IPO NII Quota: | 15% |
| IPO QIB Quota: | 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Happy Forgings Limited IPO Allotment & Listing Dates
The Happy Forgings Limited IPO date is December 19, 2023 and the close date is December 21, 2023. The Happy Forgings Limited IPO allotment will be finalized on December 22, 2023 and the IPO listing tentative date is December 27, 2023.
Happy Forgings IPO Allotment & Listing Dates
| IPO Open Date: | December 19, 2023 |
| IPO Close Date: | December 21, 2023 |
| IPO Allotment Date: | December 22, 2023 |
| Refunds Date: | December 26, 2023 |
| Credit to Demat Account: | December 26, 2023 |
| IPO Listing Date: | December 27, 2023 |
Happy Forgings Limited IPO Market Lot
The Happy Forgings Limited IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
| Application | Lot Size | Share | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 17 | ₹ 14,450 |
| Retail Maximum | 13 | 121 | ₹ 187,850 |
| S-HNI Mimimum | 14 | 238 | ₹ 2,02,300 |
| S-HNI Maximum | 69 | 1173 | ₹ 997,050 |
Brokerage Review Happy Forgings Limited IPO (Apply or Not)
- Arihant Capital: To be updated Soon
- Capital Market: To be updated Soon
- Hem Security: To be updated Soon
- IDBI Capital: To be updated Soon
- Religare Broking: To be updated Soon
Happy Forgings Limited IPO Company Financial Report
| ₹ in Crores | ||||
| Year | Assets | Revenue | PAT | Borrowings |
| 2022 | ₹ 1,129.87 | ₹ 866.11 | ₹ 142.29 | ₹ 240.35 |
| 2023 | ₹ 1,326.17 | ₹ 1,202.27 | ₹ 208.70 | ₹ 218.52 |
Happy Forgings Limited IPO Valuation – FY2023
Check Happy Forgings Limited IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹ 23.32 per Equity Share |
| Price to Earning (P/E) Ratio: | 102.63 |
| Return on Net Worth (RoNW): | 21.12% |
| Net Asset Value (NAV): | ₹ 110.43 per Equity Share |
Happy Forgings Limited IPO Peer Group Companies
| Company Name | Face Value | PE Ratio | PB Ratio |
|---|---|---|---|
| Bharat Forge Limited | 2 | 71.37 | 8.34 |
| Ramkrishna Forgings Limited | 2 | 46.48 | 10.18 |
| Sona BLW Precision Forgings Limited | 10 | 69.42 | 14.55 |
| Craftsman Automation Limited | 5 | 47.04 | 8.18 |
Happy Forgings Limited IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: happyforgings.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Happy Forgings Limited IPO Allotment Status Check
Check Happy Forgings Limited IPO allotment status on Linkintime website allotment URL. Click Here
Happy Forgings Limited IPO Company Address
Happy Forgings Limited
B XXIX, 2254/1,
Kanganwal Road, P.O. Jugiana,
Ludhiana – 141 120,
Phone: +91 161 5217162
Email: complianceofficer@ha ppyforgingsltd.co.in
Website: http://www.happyforgingsltd.com/
Happy Forgings Limited IPO Form
How to apply for the Happy Forgings Limited IPO You can apply for Happy Forgings Limited IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Happy Forgings Limited IPO in the Invest section. The other option is you can apply for Happy Forgings Limited IPO via IPO forms downloaded via NSE and BSE. Check out the forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Happy Forgings Limited IPO FAQs
Happy Forgings Limited IPO is a main-board IPO. They are going to raise ₹ 1009 Crores via IPO that comprises fresh issue of ₹400 crores and offer for sale of upto 0.72 crores shares of ₹2 each. The issue is priced at ₹ 808 to ₹ 850 pr equity share.
The Happy Forgings Limited IPO is going to open on December 19, 2023 for QIB, NII, and Retail Investors.
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
You can apply for Happy Forgings Limited 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.
Happy Forgings Limited IPO size is ₹ 1009 crores.
The Price Band for Happy Forgings Limited IPO is ₹[.] to ₹[.].
Happy Forgings Limited IPO allotment date is December 22, 2023.
Happy Forgings Limited IPO listing date is December 27, 2023. The IPO is to list on BSE and NSE.