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Happy Forgings Limited
Company websiteSubscription runs from 19-12-2023 to 21-12-2023, with allotment expected on 23-12-2023.
Happy Forgings Limited is seeking ₹1,18,65,802 crore — a fresh issue of ₹47,05,882 crore plus OFS of ₹71,59,920 crore. Expect market interest to determine final listing performance.
Start Date19-12-2023
End Date21-12-2023
Listing Date27-12-2023
Allotment Date23-12-2023
Current Price₹1,000
GMP₹235 (27.65%)
Lot Size17 Shares
Subscription82.04 Times
Face Value₹2 per share
Listing atNSE, BSE
Issue Price₹808 - ₹850
Pre Issue₹8,94,99,000
Post Issue₹0
Issue Size₹1,18,65,802
(aggregating up to 1008.59 Cr)
(aggregating up to 1008.59 Cr)
Fresh Issue₹47,05,882
(aggregating up to 400.00 Cr)
(aggregating up to 400.00 Cr)
Offer For Sale₹71,59,920
(aggregating up to 608.00 Cr)
(aggregating up to 608.00 Cr)
The Grey Market Premium (GMP) for Happy Forgings Limited is currently around ₹235 (27.65%). This indicates an estimated listing price of approximately ₹1,043 based on the latest market sentiment. Please note that GMP values are unofficial and can change frequently as they depend on demand, market conditions, and investor activity.
Gmp Details
| Last Updated | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
04 Nov 2025, 10:18 | ₹850 | ₹235 | ₹1,085 (27.65%) |
15 Mar 2025, 06:52 | ₹850 | ₹235 | ₹1,085 (27.65%) |
Financials overview In Crores
Here is a quick look at the recent financial performance of Happy Forgings Limited . The numbers below ( In Crores ) show how the company’s revenue and profits have changed over the last few years. This helps investors understand how strongly the business is growing and how stable its financial health is before applying for the IPO.
Key Performance
| KPI | Values |
|---|---|
EPS | 23.32 |
ROE | 21.12 |
ROCE | 24.24 |
RONW | 21.12 |
PRE IPO(PE) | 36.45 |
POST IPO(PE) | 33.56 |
Subscription Demand (in ₹ Crore)
| Category | Offered | Demand | Times |
|---|---|---|---|
QIBs | ₹196.39 | 43299.36 | 220.48 |
RETAIL | ₹360.28 | 5436.33 | 15.09 |
HNIs 2+ | ₹51.47 | 2552.31 | 49.59 |
HNIs 10+ | ₹102.94 | 7046.79 | 68.46 |
Total | ₹711.08 | 58334.79 | 82.04 |
The IPO reservation for Happy Forgings Limited shows how the total issue is divided among different investor categories. This includes allocations for Retail Investors, Qualified Institutional Buyers (QIBs), and Non-Institutional Investors (NIIs). Understanding the reservation structure helps investors know how much of the issue is set aside for their category before applying.
IPO Reservation
| Category | Shares Offers | No. of Shares |
|---|---|---|
Retail | 50.67% | 42,38,646 |
NII(HNI) | 21.72% | 18,16,563 |
QIB | 27.62% | 23,10,430 |
TOTAL | 100.00% | 83,65,639 |
Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
Retail (Min) | 1 | 17 | ₹14,450 | |
sHNI | 14 | 238 | ₹2,02,300 | |
bHNI | 70 | 1,190 | ₹10,11,500 |
Below you can find the official contact details of Happy Forgings Limited along with the registrar handling the IPO process. This information helps investors reach out for queries related to the company or for checking the allotment status and application updates once the IPO process begins.
Company Details
Phone: +91 161 5217162
Website: http://www.happyforgingsltd.com/
Address: B XXIX, 2254/1, Kanganwal Road, P.O. Jugiana, Ludhiana – 141 120,
IPO Registrar
Name: Link Intime India Private Ltd
Phone: +91-22-4918 6270