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Happy Forgings Limited IPO Date, Price, Review and Details

 

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Happy Forgings Limited IPO

December 19, 2023 - December 21, 2023 Closed

Happy Forgings Limited IPO

Happy Forgings Limited IPO was engaged in the largest engineering-led manufacturer of complex and safety-critical, heavy forged, and high precision machined components in India. They create a bunch of sturdy stuff like crankshafts, axles, and gears for all sorts of things. Their customers come from different industries, and they use their products in various machines and vehicles. They are engineering and creating things has allowed them to make intricate, super-safe, and super-precise stuff. Just to give you an idea, in the last three years, they have crafted and provided some cool new items like parts for wind turbines, crankshafts for power generators, valves for the oil and gas industry, and front axles for electric buses.

Company Promoters:

·  Paritosh Kumar
·  Ashish Garg
·  Megha Garg
·  Ayush Capital
·  Financial Services Private Limited
·  Garg Family Trust, Paritosh Kumar Garg (Huf)
·  Ashish Garg & Sons (Huf)

Objects of this Issue:

·  Purchase of equipment, plant and machinery
·  Prepayment of all or a portion of certain outstanding borrowings availed by their Company
·  General corporate purposes

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2023

As on 31 Mar 2022

As on 31 Mar 2021

Total Assets

13,261.68

11,298.69

8,763.84

Total Liabilities

3,378.61

3,422.45

2,312.25

Net Profit

2,087.01

1,422.89

864.48

Happy Forgings Limited IPO Schedule

1.     Bid or Offer Opens on: 19 December 2023
2.     Bid or Offer Closes on: 21 December 2023
3.     Finalization of BoA: 22 December 2023
4.     Initiation of Refunds: 26 December 2023
5.     Credit of share to Demat account: 26 December 2023
6.     Listing Date: 27 December 2023

Happy Forgings Limited IPO Lot Size

Market lot size of the HAPPY FORGINGS LIMITED IPO is 1 share. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

17

₹14,450

Maximum

13

221

₹187,850

S-HNI

Minimum

14

238

₹202,300

S-HNI

Maximum

69

1,173

₹997,050

B-HNI

Minimum

70

1,190

₹1,011, 500

Company Contact Details:

Happy Forgings Limited IPO

B XXIX, 2254/1, Kanganwal

Road, P.O. Jugiana,

Ludhiana – 141 120, Punjab,

India

Phone:  +91 161 5217162

Email: complianceofficer@happyforgingsltd.co.in

Website: www.happyforgingsltd.com

 

Happy Forgings Limited IPO Registrar Details:

LINK INTIME INDIA PRIVATE LIMITED

C – 101, 247 Park, 1st Floor, L.B.S. Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India

Phone:  +91 810 811 4949

Email:  surajestate.ipo@linkintime.co.in

Website: www.linkintime.co.in


Frequently Asked Question

Pre-issue shareholdings of Happy Forgings Limited IPO promoters are 88.24%
Post-issue shareholdings of Happy Forgings Limited IPO promoters are 78.60%.
Face value of equity shares of happy forgings pvt ltd is ₹2.
Happy Forgings Limited IPO will be closed on 21 December 2023.
You can apply for an IPO from any place via the internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stockbroker. You can invest in Happy Forgings Limited IPO by using any one of these methods at your convenience.
Happy Forgings Limited IPO shares will get listed at NSE, BSE.
The meaning of "Happy Forgings Limited IPO GMP " is the Grey Market Premium (GMP) for the initial public offering (IPO) of Happy Forgings Limited IPO on the current day.
Happy Forgings Limited IPO will get listed on December 27, 2023.
Companies go public to raise capital for growth and expansion, increase liquidity for existing shareholders, and enhance their public profile. Going public also provides a currency (stock) that can be used for acquisitions and employee stock options.
Price of 1 share of Happy Forgings Limited IPO is ₹808 to ₹850.
Market lot size of the Happy Forgings Limited IPO is 17 shares.
Happy Forgings Limited IPO is going to open on 19 December 2023.
You will receive the allotted shares in your Demat account on December 22, 2023.
Link Intime India Private Ltd the registrar of Happy Forgings Limited IPO.
If you do not get the allotment of Happy Forgings Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
While IPOs can offer significant returns, they also come with risks. The stock's initial price may be influenced by hype and speculation, leading to volatility. Additionally, the company may face challenges in meeting investor expectations, impacting the stock's performance.
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