IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Detail
IPO Information
Financial
Financial Report
Peer Comparison
Performance
Performance Report
Happy Forgings IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 1008.59 Cr. The company is based in Ludhiana and caters to Automobile - Forging And Casting sector. Axis Capital , Equirus Capital , Jm Financial , Motilal Oswal Investment Advisors are the merchant bankers of Happy Forgings IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 24th August 2023.
Happy Forgings IPO open date is 19th December 2023 and close date is 21st December 2023. IPO Allotment Date is 22nd December 2023 and Listing date is 27th December 2023.
IPO
Size:
₹ 1008.59 Cr.
Avg IPO Size (Sector Based)
: ₹
1,128.88 cr.
Sector: Automobile - Forging And Casting
IPO so far:
7
Merchant Banker:
Axis Capital
IPO by BRLM so far:
161
City:
Ludhiana
IPO so far:
3
Revenue (annualised):
₹
1351.46
cr. 
PE
Ratio:
9.87x
Average Sector PE Ratio: 24.72x
Happy Forgings IPO size is ₹ 1008.59 Cr. with IPO price of ₹ 850.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Axis Capital Limited is the book-running lead manager of the Happy Forgings IPO. Link Intime India Private Limited is the Registrar for Happy Forgings IPO.
Happy Forgings IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Happy Forgings IPO, based in Ludhiana, operates in the Automobile - Forging And Casting sector with a focus on led manufacturer of complex and precision machined. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Happy Forgings IPO size is ₹ 1008.59 Cr. with fresh issue size of ₹ 1008.59 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Happy Forgings IPO is expected to be 22nd December 2023, after the finalization of basis of allotment. Investors can check Happy Forgings IPO allotment status on the registrars website, Link Intime India Private Limited . Happy Forgings IPO refund dates are 26th December 2023.
Happy Forgings IPO is expected to be listed on 27th December 2023.
The upper price band for the Happy Forgings IPO is set at ₹ 850.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Happy Forgings IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Happy Forgings IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 21st December 2023. After submission, funds are blocked until the basis of allotment of Happy Forgings IPO is finalised.
The merchant banker for Happy Forgings IPO is Axis Capital Limited , Equirus Capital Private Limited , Jm Financial Limited , Motilal Oswal Investment Advisors Limited . Axis Capital Limited , Equirus Capital Private Limited , Jm Financial Limited , Motilal Oswal Investment Advisors Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Happy Forgings IPO RHP for further details.
The registrar for Happy Forgings IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Happy Forgings IPO through their official website or helpline.
Happy Forgings IPO was subscribed 82.63 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 1008.59 Cr.
Avg IPO Size (Sector Based)
:
₹ 1,128.88 Cr.
Sector: Automobile - Forging And Casting
IPO so far:
7
Merchant Banker:
Axis Capital
IPO by BRLM so far:
161
City:
Ludhiana
IPO so far:
3
Revenue (annualised):
₹ 1,345.80 cr.
PE
Ratio:
9.87x
Average Sector PE Ratio: 24.72x
Happy Forgings IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Happy Forgings Financial Review Page
Merchant Banker(s) of Happy Forgings IPO: Axis Capital Limited , Equirus Capital Private Limited , Jm Financial Limited , Motilal Oswal Investment Advisors Limited
Happy Forgings IPO subscription was 82.63 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Happy Forgings IPO listed at a listing price of 1029.80 against the offer price of 850.00.
The current market price of Happy Forgings is 965.45.
Why Us?
