IPO Trending
HAPPYFORGEEQ / NSE, BSEListed
Happy Forgings

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.

₹808 - ₹85082.04x sub
Listed Price₹1000.00
Listing Gain+17.65%

Subscription Status

82.04xTotal Demand
Updated 20 Oct 2026, 01:30 AM
QIB220.48x
🔥 Blockbuster Sizzling Demand!Offered: 23,10,430 sh
Nib62.17x
🔥 Blockbuster Sizzling Demand!Offered: 18,16,563 sh
Hnis(10l +)68.46x
🔥 Blockbuster Sizzling Demand!Offered: 12,11,042 sh
Hnis (2-10l)49.59x
🔥 Blockbuster Sizzling Demand!Offered: 6,05,521 sh
Retail15.09x
Hot Bidding (High Profits)Offered: 42,38,646 sh
CategoryOfferedAppliedTimes
QIB23,10,43050,94,04,218220.48x
Nib18,16,56311,29,30,54162.17x
Hnis(10l +)12,11,0428,29,03,35668.46x
Hnis (2-10l)6,05,5213,00,27,18549.59x
Retail42,38,6466,39,56,83915.09x

Segment Subscription Demand

Segment / CategoryDemand (Shares)Offered (Shares)Times Sub.
QIB43,299.36196.39220.48x
Retail5,436.33360.2815.09x
Hnis 2+2,552.3151.4749.59x
Hnis 10+7,046.79102.9468.46x
Bidding status cross-verified with live IPO subscription numbers ↗BSE & NSE Bidding Portal Feed

About Happy Forgings IPO Subscription Demand

Live subscription status and bidding analysis for Happy Forgings (HAPPYFORGE) IPO. The issue is subscribed 82.04x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII/HNI), and Retail Individual Investors (RII). Check real-time grey market demand on our GMP Tracker or review full issue details, lot size, and price band on the IPO Details Page.

Frequently Asked Questions