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
Overall Subscription
82.04x
Total Demand
QIB Multiplier
220.48x
Institutions & Funds
NII / HNI
62.17x
High Net-Worth
Retail (RII)
15.09x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 2,310,430 | 509,404,218 | 220.48x |
| NIB | 1,816,563 | 112,930,541 | 62.17x |
| HNIs(10L +) | 1,211,042 | 82,903,356 | 68.46x |
| HNIs (2-10L) | 605,521 | 30,027,185 | 49.59x |
| RETAIL | 4,238,646 | 63,956,839 | 15.09x |
| Total | 10,182,202 | 799,222,139 | 82.04x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 244,295 | 3,686,412 | 15.09x |
| HNIs (10L +) | 1,563 | 97,172 | 62.17x |
| HNIs (2-10L) | 7,478 | 464,907 | 62.17x |
| Total Applications | 253,336 | 4,248,491 | 16.77x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is Happy Forgings Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Happy Forgings Limited IPO is ₹235 per equity share. Based on the upper price band of ₹808 to ₹850 per equity share, the estimated listing price is ₹1085 (+27.6% expected listing gain).
What is the expected profit per lot for Happy Forgings Limited IPO?
With a lot size of 17 shares and current GMP of ₹235, the expected profit per application lot is approx ₹3,995 (+27.6% gain). Minimum application cost is approx ₹14,450.
What is the issue size and price band for Happy Forgings Limited IPO?
The Happy Forgings Limited IPO aggregate issue size is ₹1,008.59 Crores with an equity price band set at ₹808 to ₹850 per equity share. The retail lot size is 17 shares requiring a minimum capital outlay of approx. ₹14,450.
How can I check Happy Forgings Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 82.04x (Retail: 15.09x, QIB: 220.48x, NII: 62.17x). You can track live multiples directly on our dedicated subscription page.
Where and when will Happy Forgings Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Ltd) and the BSE status verification website on or around 2023-12-23. Investors can verify status using PAN card or application number.
When is the listing date for Happy Forgings Limited IPO?
Happy Forgings Limited shares are scheduled to list on NSE and BSE on 2023-12-27.