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
Official Registrar Verification
Happy Forgings Limited Allotment Status
Designated Registrar: Link Intime India Private Ltd
Allotment Date
23 Dec 2023
Basis finalization
Refunds Initiate
24 Dec 2023
Mandate release
Demat Credit
25 Dec 2023
Shares in demat
Listing Debut
27 Dec 2023
Trading begins
How to Check Happy Forgings Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Link Intime India Private Ltd's allotment portal.
- Select Happy Forgings Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Happy Forgings Limited Public Issue & Market Profile
Happy Forgings Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹1,008.59 Crores. The shares are offered at a price band of ₹808 to ₹850 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Public Issue & Allotment Procedure:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 17 shares (approx. ₹14,450 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Official Allotment Timelines & Registrar Guidance:
Allotment reconciliation will be managed by Link Intime India Private Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-25, while un-allotted funds or UPI block mandates will be released on 2023-12-24.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.