Happy Forgings Limited
ListedMainboardIndustrial & Financial Services · NSE / BSE
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.
Price Band
₹808 – ₹850
Issue Size
₹1009 Cr
Lot Size
17 shares
GMP
₹235
+27.6%
Est. Listing
₹1085
at current GMP
Subscribed
82.04x
overall
Open
19 Dec 2023
Close
21 Dec 2023
Allotment
23 Dec 2023
Refund
24 Dec 2023
Demat Credit
25 Dec 2023
Listing
27 Dec 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Indian market segment
- •Price band established at ₹808 - ₹850 per equity share
- •Minimum bid lot is 17 shares
- •Estimated listing target of ₹1085 based on current grey market activity