The Happy Forgings IPO minimum market lot is 17 with ₹14,450 application amount. The IPO is a Mainline IPO, and it will list on NSE and BSE.
Happy Forgings is the fourth largest engineering-led manufacturer of complex and safety-critical, heavy forged, and high precision machined components in India as of Fiscal 2023 in terms of forgings capacity. They, through their vertically integrated operations, are engaged in engineering, process design, testing, manufacturing, and supply of a variety of components that are both margin accretive and value-additive. They primarily cater to domestic and global original equipment manufacturers (OEMs) manufacturing commercial vehicles in the automotive sector, while in the non-automotive sector, they cater to manufacturers of farm equipment, off-highway vehicles, and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways, and wind turbine industries.
IPOWatch View
We recommend investors may apply an IPO with Short-term and Long-term views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Happy Forgings IPO Subscription Status – Day 3
| IPO Category | IPO Subscription Numbers |
| QIB | 214.65 |
| NII | 63.45 |
| bNII | 69.87 |
| sNII | 50.61 |
| RII | 15.40 |
| Total | 82.63 |
Happy Forgings IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Happy Forgings IPO Review
- May Apply
Happy Forgings IPO Form
How to apply for the Happy Forgings IPO? You can apply for Happy Forgings IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Happy Forgings IPO in the Invest section. The other option is you can apply for Happy Forgings IPO via IPO forms downloaded via NSE and BSE. Check out the Happy Forgings forms – Click NSE and BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
