Happy Forgings Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 18-12-2023 | 20-12-2023 | 2 | 0 | 17 Shares | BSE SME | N/A | 2023-12-21 18:30:00 | 2023-12-25 18:30:00 | 2023-12-25 18:30:00 | 26-12-2023 |
About The Company
Happy Forgings IPO is a book built issue. The issue comprises of fresh issue of Rs 400.00 crore and offer for sale of 0.72 crore shares.
Happy Forgings IPO opens for subscription on December 19, 2023 and closes on December 21, 2023. The allotment for the Happy Forgings IPO is expected to be finalized on Friday, December 22, 2023. Happy Forgings IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, December 27, 2023.
Happy Forgings IPO price band is set at ₹808 to ₹850 per share. The minimum lot size for an application is 17 Shares. The minimum amount of investment required by retail investors is ₹14,450. The minimum lot size investment for sNII is 14 lots (238 shares), amounting to ₹202,300, and for bNII, it is 70 lots (1,190 shares), amounting to ₹1,011,500.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2023 | 1326 | 1202 | 209 | 988.31 | 978.66 | 218.52 |
| 30-03-2022 | 1130 | 866 | 142 | 787.62 | 769.72 | 240.35 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | 14450 |
| Retail (Max) | 13 | 221 | 187850 |
| S-HNI (Min) | 14 | 238 | 202300 |
| S-HNI (Max) | 69 | 1173 | 997050 |
| B-HNI (Min) | 70 | 1190 | 1011500 |
IPO Listing Details
| Listing Date | 26-12-2023 |
| BSE Script Code | N/A |
| NSE Symbol | N/A |
| ISIN | N/A |
| Final Issue Price | 0 |
Promoter holdings
Paritosh Kumar, Ashish Garg, Megha Garg, Ayush Capital & Financial Services Private Limited, Garg Family Trust, Paritosh Kumar Garg
Contact Information of the Company
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/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: happyforgings.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
IPO Lead Manager
Jm Financial Limited Axis Capital Limited Equirus Capital Private Limite Motilal Oswal Investment Advisors Limited