The led manufacturer company Happy Forgings IPO will be hit the market 19 December 2023 and closes on 21 December 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹1008.59 crore through IPO. The company will issue fresh shares of ₹400 crores through this IPO and will issue shares through offer for sale of 7,159,920 shares.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Happy Forgings Limited is engaged in engineering, process design, testing, manufacturing, and supply of a variety of components that are both margin-accretive and value-additive. We primarily cater to domestic and global original equipment manufacturers (“OEMs”) manufacturing commercial vehicles in the automotive sector, while in the non-automotive sector, we cater to manufacturers of farm equipment, off-highway vehicles, and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways, and wind turbine industries. You can check Happy Forgings IPO GMP here.
| Read also: Upcoming IPO List 2023 |
The Company fourth largest engineering-led manufacturer of complex and safety-critical, heavy forged, and high precision machined components in India as of Fiscal 2023 in terms of forgings capacity. The company manufactures a wide range of heavy forged and machined products which include crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, pinion shafts, suspension products, and valve bodies across industries for a diversified base of customers. You can check Happy Forgings IPO subscription status here.
The company supplier to each of the top five Indian OEMs, by market share, in the medium and heavy commercial vehicle industry and four of the top five Indian OEMs in the farm equipment industry by market share, in Fiscal 2023.
The company believes that our long-standing relationships with our customers have positioned us as a trusted supplier for several Indian and global OEMs. Some of our customers include AAM India Manufacturing Corporation Private Limited, Ashok Leyland Limited, Bonfiglioli Transmissions Private Limited, Dana India, IBCC Industries (India) Private Limited, International Tractors Limited, JCB India Limited, Liebherr CMCtec India Private Limited, Mahindra & Mahindra Limited, Meritor HVS AB, Meritor Heavy Vehicle Systems Cameri SPA, SML ISUZU Limited, Swaraj Engines Limited, Same Deutz Fahr India Private Limited, Tata Cummins Private Limited, Watson & Chalin India Private Limited (Hendrickson India Commercial Vehicle Systems) and Yanmar Engine Manufacturing India Private Limited
Object Of the Issue :
- Purchase of equipment, plant, and machinery.
- Prepayment of all or a portion of certain outstanding borrowings availed by our Company.
- General corporate purposes.
Company Strengths :
- Fourth largest engineering-led manufacturer of complex and safety-critical, heavy forged, and high precision machined components in India.
- Integrated manufacturing operations coupled with in-house product and process design capabilities resulting in a diverse product portfolio with increasing value addition.
- Diversified business model, well placed to take advantage of potential alternative engine technologies.
- Long-standing relationships with customers across industries.
- Track record of consistently building capabilities and infrastructure, with a focus on capital efficiency.
- Experienced Promoters and senior management team.
- Track record of healthy financial performance.
Happy Forgings IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹208.70 Cr ₹850 /EQ 23.32 36.45x 21.12 % 21.12 % 24.24 % 0.22 ₹110.43 ₹1,326.17 Cr ₹8007.41 Cr 88.24 % – % |
| Team Review : | ✔ Apply For Long Term |
Happy Forgings IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 19 December 2023 |
| IPO Close : | 21 December 2023 |
| Face Value : | ₹2 Equity Share |
| Price Band : | ₹808 – ₹850 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹1008.59. Cr {11,865,802 Shares} |
| Fresh Issue : | ₹400.00. Cr {4,705,882 Shares} |
| Offer For Sale : | ₹608.59 Cr {7,159,920 Shares} |
Happy Forgings IPO Market Lot :
Happy Forgings IPO Minimum Market lot is 1 Lot with 17 shares with ₹14,450 Application amount. The retail investors can apply up to 13 lots with 221 Shares or ₹187,850 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 17 | ₹14,450 |
| Retail Maximum : | 13 | 221 | ₹187,850 |
| S-HNI Minimum : | 14 | 238 | ₹202,30 |
| S-HNI Maximum : | 69 | 1173 | ₹997,050 |
| B- HNI Minimum : | 70 | 1190 | ₹1,011,500 |
Happy Forgings IPO Reservation :
Happy Forgings IPO Total Reservation of 11,865,802 shares are to be bid for the public issue by Happy Forgings IPO with 5,932,901 for QIB and 1,779,870 for NII 4,153,031 For RII.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 5,932,901 | ₹504.30 |
| NII : | 15% | 1,779,870 | ₹151.29 |
| RII : | 35% | 4,153,031 | ₹353.00 |
| Total : | 100% | 11,865,802 | ₹1008.59 |
Happy Forgings IPO EPS & RoNW :
The Happy Forgings company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹23.32 | 21.12% | ₹110.43 |
| 2022 | ₹15.90 | 18.07% | ₹88.00 |
| 2021 | ₹9.66 | 13.40% | ₹7209 |
Happy Forgings IPO Peer Comparison PE :
The Happy Forgings, According to the RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Bharat Forge | 102.63 |
| 2. | Craftsman Automation | 43.92 |
| 3. | Ramkrishna Forgings | 49.36 |
| 4. | Sona BLW Precision Forgings | 85.56 |
Happy Forgings IPO Dates :
Happy Forgings IPO Date is 19 December 2023 and closes on 21 December 2023. The allotment will be finalized on 22 December 2023 and the IPO may list on 27 December 2023.
| Anchor Date : | 18 December 2023 |
| Open Date : | 19 December 2023 |
| Close Date : | 21 December 2023 |
| Allotment Date : | 22 December 2023 |
| Refund Date : | 26 December 2023 |
| Share Credit Date : | 26 December 2023 |
| Listing Date : | 27 December 2023 |
Happy Forgings IPO Form :
There are two ways to apply in Happy Forgings IPO. You can apply for Happy Forgings IPO through ASBA available in your bank account. You have to go to your online bank login select Happy Forgings IPO in the Invest section and apply through your bank account. Another option is you apply for Happy Forgings IPO through an IPO form download through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Happy Forgings Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹1,202.27 | ₹922.25 | ₹208.70 |
| 2022 | ₹866.11 | ₹674.06 | ₹142.29 |
Company Promoters :
■ Paritosh Kumar
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Happy Forgings IPO Lead Managers :
■ Axis Capital Limited
■ JM Financial Limited
■ Equirus Capital Private Limited
■ Motilal Oswal Investment Advisors Limited
Happy Forgings IPO Registrar :
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West), Mumbai – 400 083
Maharashtra, India
Telephone: + 91 810 811 4949
Email: [email protected]
Investor grievance email: [email protected]
Website: www.linkintime.co.in
Note: Check Happy Forgings IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Happy Forgings Limited
B XXIX, 2254/1 Kanganwal Road
P.O. Jugiana
Ludhiana – 141 120 Punjab, India
Telephone: +91 161 5217162
Website: www.happyforgingsltd.com
Happy Forgings IPO FAQs :
What is Happy Forgings IPO?
Happy Forgings IPO is Mainboard IPO. They are going to raise ₹1008.59 Crores via IPO. The issue is priced at ₹808-₹850 per equity share. The IPO is to be listed on NSE, and BSE.
When Happy Forgings IPO will open?
The IPO is to open on 19 Dec – 21 Dec for QIB, NII & RII.
What is Happy Forgings IPO Size?
Happy Forgings’ IPO size is ₹1008.59 Crores.
What is the Fresh issue size of Happy Forgings IPO?
The Fresh issue size of Happy Forgings IPO ₹400.00 Cr.
What is the Offer For Sale size of Happy Forgings IPO?
The Offer For Sale size of Happy Forgings IPO ₹1008.59 Cr.
What is Happy Forgings IPO Price Band?
Happy Forgings’ IPO Price Band is ₹808-₹850 Per share.
What is Happy Forgings IPO Minimum and Maximum Lot Size?
The minimum of 17 Shares with ₹14,450 amount while the maximum of 221 shares with ₹187,850.
What is Happy Forgings IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, and RII 35%.
What is Happy Forgings IPO Allotment Date?
Happy Forgings’ IPO allotment date will be 22 December 2023.
What is Happy Forgings IPO Listing Date?
Happy Forgings IPO listing date will be 27 December 2023. The IPO is to be listed on NSE, and BSE.
How to Apply the Happy Forgings IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Happy Forgings IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Happy Forgings IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Happy Forgings IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Happy Forgings IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Happy Forgings IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Happy Forgings IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Happy Forgings IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Happy Forgings IPO GMP: Click Here Happy Forgings IPO Subscription: Click Here Happy Forgings IPO Allotment: Click Here Happy Forgings IPO Listing: Click Here Happy Forgings IPO Web Story: Click Here |
All Happy Forgings IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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