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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% | ₹2,245.25 |
| Sharp Chucks & Machines Ltd. | SME | ₹16.84 Cr | ₹58 | 11.2 | ₹65.05 | +12.16% | ₹79.90 |
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
Updated on Aug 5, 2026
Contact Details
Happy Forgings Ltd. AddressB XXIX, 2254/1Kanganwal Road, P.O.JugianaLudhiana, Punjab, 141120+91 161 5217162complianceofficer@ha ppyforgingsltd.co.inVisit Website