Happy Forgings IPO Date, Review, Price, Allotment Details

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.

With over 40 years of experience in manufacturing and supplying quality and complex components according to customers’ specifications, they have emerged as a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicle and high horse-power industrial crankshafts in India. Their focus on producing margin-accretive value-added products has led to their transition from being a forging-led business to a machined components manufacturer. Their revenue from the sale of machined products has increased from ₹3,992.02 million in Fiscal 2021 (representing 72.88% of their revenue from the sale of products in such Fiscal) to ₹8,392.33 million in Fiscal 2023 (representing 78.66% of their revenue from the sale of products in such Fiscal), at a CAGR of 44.99% which demonstrates their increased focus on machined products.

Happy Forgings manufactures a wide range of heavy forged and machined products which include crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, pinion shafts, suspension products, and valve bodies across industries for a diversified base of customers.

Objects of the Issue

• 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 Review (Apply or Not)

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Happy Forgings IPO Date & Price Band Details

Happy Forgings IPO Market Lot

The Happy Forgings IPO minimum market lot is 17 shares with ₹14,450 application amount. The retail investors can apply up-to 13 lots with 221 shares or ₹187,850 amount.

Happy Forgings IPO Allotment & Listing Dates

The Happy Forgings IPO date is December 19 and the close date is December 21. The Happy Forgings IPO allotment will be finalized on December 22 and the IPO listing on December 27.

You can check IPO subscription status and IPO allotment status on their respective pages.

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 BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Happy Forgings Company Financial Report

Happy Forgings IPO Valuation – FY2023

Check Happy Forgings IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Bharat Forge Limited
• Craftsman Automation Limited
• Ramkrishna Forgings Limited
• Sona BLW Precision Forgings Limited

Company Promoters

• Paritosh Kumar
• Ashish Garg
• Megha Garg
• Ayush Capital & Financial Services Private Limited
• Garg Family Trust
• Paritosh Kumar Garg (HUF) 
• Ashish Garg & Sons (HUF)

Happy Forgings IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Happy Forgings IPO Allotment Status Check

Check Happy Forgings IPO allotment status on Linkintime website allotment URL. Click Here

Happy Forgings IPO Lead Managers aka Merchant Bankers

• Jm Financial Limited
• Axis Capital Limited
• Equirus Capital Private Limited
• Motilal Oswal Investment Advisors Limited

Company Address

Happy Forgings Limited
B XXIX, 2254/1,
Kanganwal Road, P.O. Jugiana,
Ludhiana – 141 120,
Phone: +91 161 5217162
Email: [email protected]
Website: https://www.happyforgingsltd.com/

Happy Forgings IPO FAQs