Happy Forgings IPO Date, Review, Price, Allotment Details

Happy Forgings is the fourth greatest engineering-led producer of advanced and safety-critical, heavy solid, and top precision machined parts in India as of Fiscal 2023 in the case of forgings capability. They, thru their vertically built-in operations, are engaged in engineering, procedure design, checking out, production, and provide of numerous parts which might be each margin accretive and value-additive. They essentially cater to home and international unique apparatus producers (OEMs) production industrial automobiles within the automobile sector, whilst within the non-automotive sector, they cater to producers of farm apparatus, off-highway automobiles, and producers of commercial apparatus and equipment for oil and gasoline, chronic era, railways, and wind turbine industries.

With over 40 years of enjoy in production and supplying high quality and complicated parts in keeping with shoppers’ specs, they have got emerged as a number one participant within the home crankshaft production trade with the second one greatest manufacturing capability for industrial car and top horse-power business crankshafts in India. Their focal point on generating margin-accretive value-added merchandise has resulted in their transition from being a forging-led industry to a machined parts producer. Their income from the sale of machined merchandise has higher from ₹3,992.02 million in Fiscal 2021 (representing 72.88% in their income from the sale of goods in such Fiscal) to ₹8,392.33 million in Fiscal 2023 (representing 78.66% in their income from the sale of goods in such Fiscal), at a CAGR of 44.99% which demonstrates their higher focal point on machined merchandise.

Happy Forgings manufactures quite a lot of heavy solid and machined merchandise which come with crankshafts, entrance axle beams, guidance knuckles, differential instances, transmission portions, pinion shafts, suspension merchandise, and valve our bodies throughout industries for a assorted base of consumers.

Objects of the Issue

• Purchase of kit, plant and equipment.
• Prepayment of all or a portion of sure remarkable borrowings availed via the Company.
• General company functions.

Happy Forgings IPO Review (Apply or Not)

Brokerage Firm IPO Review

• Capital Market: To be up to date quickly
• Religare Broking: To be up to date quickly
• Hem Securities: To be up to date quickly
• Arihant Capital: To be up to date quickly

Happy Forgings IPO Date & Price Band Details

Happy Forgings IPO Market Lot

The Happy Forgings IPO minimal marketplace lot is [.] stocks with ₹[.] utility quantity. The retail buyers can observe up-to 13 a lot with [.] stocks or ₹[.] quantity.

Happy Forgings IPO Allotment & Listing Dates

The Happy Forgings IPO date is December 19 and the shut date is December 21. The Happy Forgings IPO allotment will probably be finalized on December 22 and the IPO list on December 27.

You can take a look at IPO subscription standing and IPO allotment standing on their respective pages.

Happy Forgings IPO Form

How to use for the Happy Forgings IPO? You can observe for Happy Forgings IPO by way of ASBA to be had on your checking account. Just cross to the web financial institution login and observe by way of your checking account via settling on the Happy Forgings IPO within the Invest phase. The different possibility is you’ll observe for Happy Forgings IPO by way of IPO paperwork downloaded by way of NSE and BSE. Check out the Happy Forgings paperwork – Click BSE Forms & NSE Forms clean IPO paperwork obtain, fill, and put up on your financial institution or along with your dealer.

Happy Forgings Company Financial Report

Happy Forgings IPO Valuation – FY2023

Check Happy Forgings IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.

Peer Group

• Bharat Forge Limited
• Craftsman Automation Limited
• Ramkrishna Forgings Limited
• Sona BLW Precision Forgings Limited

• Paritosh Kumar
• Ashish Garg
• Megha Garg
• Ayush Capital & Financial Services Private Limited
• Garg Family Trust
• Paritosh Kumar Garg (HUF) 
• Ashish Garg & Sons (HUF)

Happy Forgings IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Happy Forgings IPO Allotment Status Check

Check Happy Forgings IPO allotment standing on Linkintime web page allotment URL. Click Here

Happy Forgings IPO Lead Managers aka Merchant Bankers

• Jm Financial Limited
• Axis Capital Limited
• Equirus Capital Private Limited
• Motilal Oswal Investment Advisors Limited

Company Address

Happy Forgings Limited
B XXIX, 2254/1,
Kanganwal Road, P.O. Jugiana,
Ludhiana – 141 120,
Phone: +91 161 5217162
Email: complianceofficer@ha ppyforgingsltd.co.in
Website: http://www.happyforgingsltd.com/

Happy Forgings IPO FAQs

Note: The Happy Forgings IPO value band and date are formally introduced. The IPO gray marketplace top class (Happy Forgings IPO Premium) will probably be added to the IPO gray marketplace web page as it’s going to get started).