Happy Forgings Limited IPO total issue size ₹1,008.59 Cr. fresh issue Rs 400.00 Cr., offer for sale Rs 608.59 Cr. 100% book building issue. IPO opened on 19 Dec 2023, Today 21 Dec 2023 IPO has already closed. Share allotment 22 Dec 2023, refunds start 26 Dec 2023, credit shares to demat account 26 Dec 2023 and listing 27 Dec 2023. Happy Forgings Limited IPO will be list on NSE and BSE.
Happy Forgings Limited IPO Subscription , GMP Details
According to NSE data show, Happy Forgings Limited’s total share offers 83,65,639 shares all exchanges total bids received 68,62,98,398 shares. Issue subscribed 82.04 number of times, total bids received cut off price all exchanges 5,58,55,693 shares on 21.12.2023 time 18:27:00.
The company set a price band is Rs 808 to Rs 850 face value of Rs 2 per share. Happy forgings share trade in Rs 420 plus in the grey market, Which means GMP trade 49.4% higher premium at issue price. GMP premium shows investors interest, it’s clear the investors is bullish on this share. Expected listing gain Rs 1270 plus.
Business Overview: Biggest engineering-led company in India as of Fiscal 2023, producing heavy forged, highly precise machined, complicated, and safety-critical components, Company manufactures vehicles, agricultural equipment, off-highway vehicles, and manufacturers of industrial machinery and equipment for the wind turbine, power generating, oil and gas, and railroad sectors, etc.
