Happy Forgings Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹235(27.65%)
Premium (ELP)
Happy Forgings Limited's has transitioned to a publicly listed entity following its IPO debut on Dec 27, 2023 at the NSE, BSE exchange. The public offering successfully raised 1,18,65,802 Shares, consisting of 47,05,882 Sharesin new capital and ₹608.00 Cr in existing shareholder sales.
The IPO featured a competitive price range of ₹808 to ₹850 and minimum application size of 17 shares. Market reception was evidenced through subscription activity between Dec 19, 2023 and Dec 21, 2023, reflecting investor appetite for the offering.
Allotment of shares was completed on Dec 23, 2023, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in July 1979, Happy Forgings Limited is a leading Indian manufacturer of heavy forgings and high-precision machined components like crankshafts, front axle carriers, steering knuckles, differential housings and suspension parts. The company supplies to major OEMs such as Ashok Leyland, Mahindra, JCB, Tata Cummins and many global customers across the USA, UK, Brazil, Italy, Japan and more. It operates three manufacturing facilities in Ludhiana, Punjab and has installed 10 robots for automation. In FY 2023, the company’s operating revenue grew by 43.02%. With strong manufacturing integration, diversified products and experienced management, Happy Forgings is well-positioned for future growth.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Integrated Operations: In-house design, manufacturing, and process development ensure high-quality, value-added production.
- Future-Ready Business Model: Diversified portfolio positions the company well for evolving motor technologies.
- Strong Customer Relationships: Decades-long engagements with key industry players.
- Proven Track Record: Demonstrated history of strategic growth and efficient use of capital.
- Experienced Leadership: Promoters and senior management with deep industry expertise.
NA
- Paritosh Kumar
- Ashish Garg, Megha Garg
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- Garg Family Trust
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Happy Forgings Limited
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