Happy Forgings IPO GMP, Price, Date, Allotment

Happy Forgings IPO GMP

Happy Forgings IPO Description – Happy Forgings stands tall as the fourth-largest engineering-driven manufacturer of intricate and safety-critical heavy forged and highly precise machined components in India. Through its vertically integrated operations, the company delves into engineering, process design, testing, manufacturing, and the supply of diverse components. Its primary clientele includes original equipment manufacturers (OEMs) in the commercial vehicle manufacturing sector, both domestically and globally. In addition to serving automotive OEMs, it extends its expertise to manufacturers of farm equipment, off-highway vehicles, as well as industrial equipment and machinery for sectors such as oil and gas, power generation, railways, and wind turbine industries.

Happy Forgings holds the distinction of being a key supplier to each of the top five Indian OEMs in the medium and heavy commercial vehicle industry, based on market share. It also caters to four of the top five Indian OEMs in the farm equipment industry by market share. Impressively, long-standing customer relationships are a hallmark, with customers associated for more than a decade contributing 75.98%, 79.38%, and 80.67% to revenues from product sales in Fiscal 2023, 2022, and 2021, respectively.

As of 31 March 2023, the company has extended its services to customers across nine countries, including Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States of America. With three strategically located manufacturing facilities, two in Kanganwal and one in Dugri, both in Ludhiana, Punjab, Happy Forgings has substantially increased its annual aggregate installed capacity for forging and machining. This capacity has surged from 67,000 MT and 29,500 MT as of 31 March 2021, to an impressive 107,000 MT and 46,100 MT as of 31 March 2023, respectively.

Happy Forgings IPO

Promoters of Happy Forgings – 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 Details

Happy Forgings IPO Dates19 – 21 December 2023
Happy Forgings IPO PriceINR 808 – 850 per share
Fresh issue4,705,882 shares (INR 380.24 – 400 crore)
Offer For Sale7,159,920 shares (INR 578.52 – 608.59 crore)
Total IPO size11,865,802 shares (INR 978.52 – 1,008.59 crore)
Minimum bid (lot size)17 shares (INR 14,450)
Face Value INR 2 per share
Retail Allocation35%
Listing OnBSE, NSE

Happy Forgings Financial Performance

 FY 2021*FY 2022FY 2023H1 FY 2024*
Net income86.45142.29208.70119.30
Margin (%)14.7816.5417.4417.73
Figures in INR Crores unless specified otherwise
* All Standalone data

Happy Forgings Offer News

Happy Forgings Valuations & Margins

FY 2021*FY 2022FY 2023
PE ratio34.65 – 36.45
RONW (%)13.4018.0721.12
ROCE (%)16.1319.3824.24
EBITDA (%)27.1426.8528.49
*Compiled by IPO Central from Prospectus
* All Standalone data

Happy Forgings IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
26 December 20233003,500
23 December 20234004,800
22 December 20233804,500
21 December 20234305,500
20 December 20234405,700
19 December 20234405,700
18 December 20234255,500
16 December 20234506,000
15 December 20234506,000
14 December 202325

Happy Forgings IPO Subscription – Live Updates

Shares Offered23,10,43018,16,56342,38,64683,65,639
21 Dec 2023220.4862.0914.8881.91
20 Dec 20230.4516.507.427.47
19 Dec 20230.013.583.032.32

Happy Forgings IPO Allotment Status

Happy Forgings IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Happy Forgings IPO Dates & Listing Performance

Happy Forgings IPO Opening Date19 December 2023
Happy Forgings IPO Closing Date21 December 2023
Finalization of Basis of Allotment22 December 2023
Initiation of refunds26 December 2023
Transfer of shares to demat accounts26 December 2023
Happy Forgings IPO Listing Date27 December 2023
Opening Price on NSEINR 1,000 per share (up 17.65%)
Closing Price on NSEINR 1,030.80 per share (up 21.27%)

Happy Forgings IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital – Subscribe
Ashika Research –
Asit C Mehta –
Axis Capital – Not Rated
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Capital Market – May Apply
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Motilal Oswal –
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Religare Broking –
Samco Securities – Subscribe for long term
SMC Global – 2/5
Systematix Group – Not Rated
Swastika Investmart – Subscribe
Ventura Securities – Subscribe

Happy Forgings Offer Lead Manager

7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025,
Maharashtra, India
Phone: +91 22 6630 3030
Email[email protected]
Website: www.jmfl.com

Happy Forgings Offer Registrar

C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 022 4918 6060
Email: [email protected]
Website: www.linkintime.co.in

Happy Forgings Contact Details

H.B 220, Post Office – Rajgarh,
Village Dugri, Ludhiana– 141 421, Punjab, India
Phone: +91 161 5217162
Email: [email protected]
Website: www.happyforgingsltd.co.in

Happy Forgings IPO FAQs

How many shares in Happy Forgings IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Happy Forgings Public Offer?

The best way to apply in Happy Forgings public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Happy Forgings IPO GMP today?

Happy Forgings IPO GMP today is INR 300 per share.

What is Happy Forgings kostak rate today?

Happy Forgings kostak rate today is INR NA per application.

What is Happy Forgings Subject to Sauda rate today?

Happy Forgings Subject to Sauda rate today is INR 3,500 per application.


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