Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Happy Forgings IPO is going to open soon. So I will give you complete information about Happy Forgings IPO here on IPO India.
On this article I will inform you about Happy Forgings IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Happy Forgings Ltd
Established in July 1979, Happy Forging Limited is an Indian company specializing in the fabrication and manufacture of heavy forgings and precision-machined components with a focus on complexity and safety-critical features. The company is deeply involved in the entire manufacturing process, covering engineering, process design, testing, manufacturing and supply of various components.
Happy Forging Limited manufactures a range of products catering to various industries and clients including crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products and valve bodies.
Notably, the company’s clients include AAM India Manufacturing Corporation Private Limited, Ashok Leyland Limited, Bonfiglioli Transmission Private Limited, Dana India, IBCC Industries (India) Private Limited, International Tractors Limited, JCB India Limited, Liebherr PrivateIndia and Mahindra Limited. . Ltd., Meritor HVS AB, Meritor Heavy Vehicle Systems Camry SpA, SML Isuzu Ltd., Swaraj Engines Ltd., Sam Deutz Fahr India Pvt. Ltd., Tata Cummins Pvt. Ltd., Watson & Chalin India Pvt. Ltd. (Hendrickson India & Commercial India Commerce) Manufacturing India Pvt. Ltd. has successfully served clients in various regions including Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, United Kingdom and United States of America.
Happy Forgings IPO GMP
| Exp. Premium (GMP) | ₹415 per Share |
About Happy Forgings IPO
Here is some information about Happy Forgings IPO which will help you in making a decision to invest in Happy Forgings IPO. It appears to be a book-built offer with a total value of Rs ₹400 crores, including a 0.72 Crore share offer for sale in full.
Summary of the key details
- Issue Size: Rs 400 crores
- Offer for Sale: 7,159,920 shares
- Subscription Period: December 19, 2023 to December 21, 2023
- Allotment Date: December 22, 2023
- Listing Date: December 27, 2023
Price Range of Happy Forgings IPO
- ₹808 to ₹850 per share
Lot Size of Happy Forgings IPO
- Minimum Lot: 17 Shares.
- Minimum Investment for Retail Investors: ₹14,450
Minimum Lot Size Investments for Happy Forgings IPO
- HNI: 14 lots (238 shares), amounting to ₹202,300.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,450 |
| Retail (Max) | 13 | 221 | ₹187,850 |
| S-HNI (Min) | 14 | 238 | ₹202,300 |
| S-HNI (Max) | 69 | 1,173 | ₹997,050 |
| B-HNI (Min) | 70 | 1,190 | ₹1,011,500 |
This information provides potential investors with the details they need to participate in the Happy Forgings IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
To Open a trading and Demat account in Zerodha
Happy Forgings IPO
| Open Date | December 19, 2023 |
| Close Date | December 21, 2023 |
| Allotment Date | December 22, 2023 |
| Listing Date | December 27, 2023 |
| Face Value | ₹2 Per Equity Share |
| Issue Price | ₹808-850 Per Equity Share |
| Issue Size | 11,865,802 shares (aggregating up to ₹1,008.59 Cr) |
| Market Lot (Min. Amount) | 17 Shares |
| Listing at Group(s) | BSE, NSE |
| Lead Manager | Jm Financial Limited Axis Capital Limited Equirus Capital Private Limited Motilal Oswal Investment Advisors Limited |
| Register | Link Intime India Private Limited |
| Retail Portion | 35% |
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Valuations of Happy Forgings IPO
| Earnings Per Share (EPS) | ₹23.32 |
| P/E Ratio | 36.45 |
| RoNW | 21.12% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹1,326.17 Cr. |
Happy Forgings Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2023 | 1,326.17 | 1,202.27 | 208.70 | 988.31 | 978.66 | 218.52 |
| 31 Mar 2022 | 1,129.87 | 866.11 | 142.29 | 787.62 | 769.72 | 240.35 |
Promoter(s)
| Pre Issue Share Holding | 88.24% |
| Post Issue Share Holding | 78.60% |
Company Promotor(s):-
- Paritosh Kumar
- Ashish Garg
- Megha Garg
- Ayush Capital & Financial Services Private Limited
- Garg Family Trust
- Paritosh Kumar Garg (HUF)
- Ashish Gurg & Sons (HUF)
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.12% |
| ROCE | 24.24% |
| EPS (Rs) | 23.32 |
| RoNW | 21.12% |
Issue Objective(s)
- Purchase of equipment, plant and machinery
- Prepayment of all or a portion of certain outstanding borrowings availed by the Company
- General Corporate Purposes
Happy Forgings IPO Registrar
| Name | Link Intime India Private Ltd |
| Phone | +91-22-4918 6270 |
| happyforgings.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Happy Forgings IPO Review
Happy Forgings Limited, with its long history since July 1979, presents an attractive investment opportunity through its upcoming IPO. The company specializes in the fabrication and manufacturing of heavy forgings and precision machined components, featuring expertise in engineering, process design, testing and supply of various critical components. With a wide range of clients including renowned names like AAM India Manufacturing Corporation, Ashok Leyland and JCB India, Happy Forgings has successfully served clients globally spanning regions such as Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, United Kingdom. United States.
IPO details with subscription period from December 19, 2023 to December 21, 2023 comprising 0.72 crore shares for sale at Rs. 400 crore indicating an issue size of Rs. The date of allotment has been fixed on December 22, 2023 and the date of listing. On December 27, 2023. The price range per share is yet to be announced, but a minimum lot size has been suggested for retail investors. Considering the inherent risks associated with investing in IPOs, investors should exercise caution and conduct thorough research or consult financial professionals.
As per latest available data positive ROE of 21.12%, ROCE of 24.24% and Rs. Financials show strong performance with EPS of 23.32. The Company intends to use the proceeds of the IPO for purchase of equipment, plant and machinery, prepayment of outstanding borrowings and general corporate purposes.
Conclusion
In conclusion, the Happy Forging IPO represents a promising opportunity in the forging and manufacturing sector, backed by a rich history and diverse clientele. While financial indicators show strength, potential investors are urged to exercise due diligence by recognizing the inherent risks associated with IPO investments. It is advisable to do thorough research or seek guidance from financial professionals before making investment decisions. The company’s commitment to engineering excellence and its global footprint make it an interesting prospect, but prudent valuation remains paramount. As the IPO opens on December 19, 2023, let’s navigate this opportunity wisely and stay informed for a well-informed investment journey.
Happy Forgings IPO FAQs
When Happy Forgings IPO is coming?
The Happy Forgings IPO opens on December 19, 2023, and closes on December 21, 2023.
What is the lot size of Happy Forgings IPO?
The IPO lot size is 17 shares and the minimum investment amount required by retail investors is ₹14,450.
When Happy Forgings IPO Allotment?
The finalization of the Basis of Allotment for Happy Forgings IPO will be done on Friday, December 22, 2023, and the allotted shares will be credited to your demat account by Tuesday, December 26, 2023.