Happy Forgings Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹808 - ₹850
- Lot size
- 17 shares
- Issue amount
- ₹1,008.59 cr
- Total subscription
- 82.04×
- Opens
- 19 Dec 2023
- Closes
- 21 Dec 2023
- Allotment
- 23 Dec 2023
- Listing
- 27 Dec 2023
Offer at a glance
Issue overview
- Issue size
- 1,18,65,802 shares
- Face value
- ₹2 per share
- Minimum investment
- ₹13,736
- Fresh issue
- ₹400 cr
- Offer for sale
- ₹608 cr
- Registrar
- Link Intime India Private Ltd
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,450
- Issue type
- Book Built Issue IPO
- Shares before issue
- 8,94,99,000
- Shares after issue
- 0
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 17 | ₹14,450 |
| sHNI | 14 | 238 | ₹2,02,300 |
| bHNI | 70 | 1,190 | ₹10,11,500 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 196.39 | 43,299.36 |
| RETAIL | 360.28 | 5,436.33 |
| NIB | 154.41 | 9,599.1 |
| HNIs 2+ | 51.47 | 2,552.31 |
| HNIs 10+ | 102.94 | 7,046.79 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 23.32 |
| ROE | 21.12 |
| ROCE | 24.24 |
| RONW | 21.12 |
| PRE IPO(PE) | 36.45 |
| POST IPO(PE) | 33.56 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- Integrated Operations: In-house design, manufacturing, and process development ensure high-quality, value-added production.
- Future-Ready Business Model: Diversified portfolio positions the company well for evolving motor technologies.
- Strong Customer Relationships: Decades-long engagements with key industry players.
- Proven Track Record: Demonstrated history of strategic growth and efficient use of capital.
- Experienced Leadership: Promoters and senior management with deep industry expertise.
Promoters
Paritosh Kumar
Ashish Garg, Megha Garg
Ayush Capital & Financial Services Private Limited
Garg Family Trust
Paritosh Kumar Garg (HUF)
Ashish Garg & Sons (HUF)
Registrar & documents
Lead manager
Jm Financial Limited, Axis Capital Limited, Equirus Capital Private Limited, Motilal Oswal Investment Advisors Limited
Registrar & contacts
Link Intime India Private Ltd
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B XXIX, 2254/1, Kanganwal Road, P.O. Jugiana, Ludhiana – 141 120,
+91 161 5217162
complianceofficer@ha ppyforgingsltd.co.inCompany website ↗Understanding HAPPYFORGE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.