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Open
19 Dec 2023
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Close
21 Dec 2023
3
Allotment
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Listing
Wed, Dec 27, 2023
Price Band
₹808 to ₹850
Issue Size
1,18,65,802 shares (agg. up to ₹1,009 Cr)
Lot Size
17 Shares
Listing Date
Wed, Dec 27, 2023
Latest GMP
₹235
Est. Gain
27.65%
✦ AI Insight
GMP Trend
27-12-2023₹235Est. ₹1085+27.65%
26-12-2023₹235Est. ₹1085+27.65%
25-12-2023₹282Est. ₹1132+33.18%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 57.89x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,489.80 | 1,326.17 | 1,129.87 | 876.38 |
| Total Income | 675.73 | 1,202.27 | 866.11 | 590.81 |
| Profit After Tax | 119.30 | 208.70 | 142.29 | 86.45 |
| NET Worth | 1,103.33 | 988.31 | 787.62 | 645.16 |
| Reserves and Surplus | 1,088.25 | 978.66 | 769.72 | 636.21 |
| Total Borrowing | 258.97 | 218.52 | 240.35 | 153.47 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| AMIC Forging Ltd. | SME | ₹34.80 Cr | ₹126 | 1.01 | ₹251.35 | +99.48% | ₹1,810.65 (+2.42%) |
| Sharp Chucks & Machines Ltd. | SME | ₹16.84 Cr | ₹58 | 11.2 | ₹65.05 | +12.16% | ₹81.90 (+5.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of equipment, plant and machinery | 187.03 |
| 2 | Prepayment of all or a portion of certain outstanding borrowings availed by our Company; and | 152.76 |
| 3 | General corporate purposes. | 53.94 |
About Happy Forgings IPO
Incorporated in July 1979, Happy Forgings Limited is an Indian manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components. The company manufactures, designs and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products and valve bodies for different industries and customers. The company's customer base includes AAM India Manufacturing Corporation Private Limited, Ashok Leyland Limited, Bonfiglioli Transmissions Private Limited, Dana India, IBCC Industries (India) Private Limited, International Tractors Limited, JCB India Limited, Liebherr CMCtec India Private Limited, Mahindra & Mahindra Limited, Meritor HVS AB, Meritor Heavy Vehicle Systems Cameri SPA, SML ISUZU Limited, Swaraj Engines Limited and others. The company has served customers in various regions including Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom and the United States of America. Happy Forging Limited has three manufacturing facilities, two in Kanganwal and one in Dugri, all located in Ludhiana, Punjab. As of FY 2023, the operational r
Contact Details
Happy Forgings Ltd. AddressB XXIX, 2254/1Kanganwal Road, P.O.JugianaLudhiana, Punjab, 141120+91 161 5217162complianceofficer@ha ppyforgingsltd.co.inVisit Website