Happy Forgings Limited, which started in July 1979, is an Indian company that’s really good at making heavy forgings and precise machine parts.
They create and test different things like crankshafts, front axle carriers, steering knuckles, and more for various industries. Some of their customers include big names like Ashok Leyland, Mahindra & Mahindra, and JCB India.
Happy Forgings doesn’t just work in India; they’ve served customers in Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom, and the United States of America.
This company has three manufacturing places in Ludhiana, Punjab. In the financial year 2023, their money earned from operations increased by 43.02%.
Key Points Regarding Happy Forgings IPO
| IPO Date | December 19, 2023 to December 21, 2023 |
| Price Band | 808 Rs to 850 Rs per share |
| Face Value | Rs 2 per share |
| Lot Size | 17 Shares |
| Total Issue Size | N/A |
| Listing Date | 27 December 2023, Wednesday as per the schedule |
| Listing At | BSE, NSE |
Happy Forgings IPO Overview:
Book built issue with a total value of Rs 400.00 crore.
Comprises a fresh issue of Rs 400.00 crore and an offer for sale of 0.72 crore shares.
Subscription Details:
Opens for subscription on December 19, 2023, closing on December 21, 2023.
Allotment expected on Friday, December 22, 2023.
Listing Information:
Tentative listing date set for Wednesday, December 27, 2023, on BSE and NSE.
IPO Price Band:
Price band: ₹808 to ₹850 per share.
Lot Size and Investment:
Minimum lot size for an application: 17 shares.
Retail investors require a minimum investment of ₹14,450.
Investment Requirements for Qualified Investors:
sNII (Non-Institutional Investors): 14 lots (238 shares), totalling ₹202,300.
bNII (Non-Institutional Investors): 70 lots (1,190 shares), totalling ₹1,011,500.
Happy Forgings Financials
Here’s a quick look at Happy Forgings financial breakdown in terms of money (in ₹ crores )
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,326.17 | 1,129.87 |
| Revenue | 1,202.27 | 866.11 |
| Profit After Tax | 208.70 | 142.29 |
| Net Worth | 988.31 | 787.62 |
| Reserves and Surplus | 978.66 | 769.72 |
| Total Borrowing | 218.52 | 240.35 |
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: http://www.happyforgingsltd.com/
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