Listed Price₹1000.00
Listing Gain+17.65%
Price Band₹808 - ₹850
Lot Size17 shares
Min Bid₹14,450
Subscription82.04x
Listed Market Snapshot
₹1000.00Listed price from market data
+17.65%listing gain
Issue Amount
₹1,008.59 Cr
Listed Price
₹1000.00
Current Price
₹1465
Registrar
Link Intime India Private Ltd
Timeline•Book Built Issue IPO
Open19 Dec 2023
Close21 Dec 2023
Allotment23 Dec 2023
Listing27 Dec 2023
Quota Reservation Portions
RetailPortion: 42,38,646 shares
35.72%Nii(hni)Portion: 18,16,563 shares
15.31%QIBPortion: 23,10,430 shares
19.47%Minimum Application Bracket Matrix
Retail1 lots / 17 shares
₹14,450sHNI14 lots / 238 shares
₹2,02,300bHNI70 lots / 1,190 shares
₹10,11,500About the Company
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.
Company Promoters
Paritosh KumarAshish GargMegha GargAyush Capital & Financial Services Private LimitedGarg Family TrustParitosh Kumar Garg (HUF)Ashish Garg & Sons (HUF)
Lead Managers
Registrar
Link Intime India Private Ltd