Happy Forgings (MAINBOARD)
December 19, 2023 – December 21, 2023
| Price | ₹808 - ₹850 |
| Premium | ₹235 |
|---|---|
| Lot size | 17 |
| Allotment | Dec 23, 2023 |
| Listing | Dec 27, 2023 |
Live Rate
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Shareholding Pattern
Subscription
Last Updated as on 21-Dec-2023 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 2310430 | 509404218 | 220.48 |
| HNIs | 1816563 | 112930541 | 62.17 |
| HNIs (10+L) | 1211042 | 82903356 | 68.46 |
| HNIs (2-10L) | 605521 | 30027185 | 49.59 |
| Retail | 4238646 | 63956839 | 15.09 |
| Total | 8365639 | 686291598 | 82.04 |
| Total Application : 3,365,429 | |||
| QIB Cost (7 Days) per share | |||||
|---|---|---|---|---|---|
| @7% ₹251.59 | @8% ₹287.53 | @9% ₹323.47 | @10% ₹359.41 | @11% ₹395.35 | @12% ₹431.3 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 17 | 14450 | 244296 |
| sHNI | 14 | 238 | 202300 | 2493 |
| bHNI | 70 | 1190 | 1011500 | 4986 |
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, Same Deutz Fahr India Private Limited, Tata Cummins Private Limited, Watson & Chalin India Private Limited (Hendrickson India Commercial Vehicle Systems), and Yanmar Engine Manufacturing India Private Limited. 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 revenue of the company has increased by 43.02%. As of September 2023, the company has installed 10 robots across all its manufacturing facilities. Competitive strengths of the company are:- Integration of manufacturing operations with in-house product and process development capabilities has resulted in a diverse product portfolio with increasing value addition. The diversified business model positions the company well to capitalize on potential alternative motor technologies. The company has established long-standing relationships with customers in various industries. In addition, the track record reflects the company's ability to consistently build capabilities and infrastructure with a focus on capital efficiency. The company's experienced promoters and senior management team continue to strengthen its market position.
Happy Forgings IPO Details
| Issue Size | [11865802.] shares (aggregating up to ₹[1008.59.] Cr) |
| Fresh Issue | 4705882 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 7,159,920 shares of ₹2 (aggregating up to ₹608 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 89,499,000 |
Happy Forgings IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company Financials
‘Happy Forgings Limited Financial Information (Restated Consolidated)
‘Happy Forgings Limited's revenue increased by 38.81% and profit after tax (PAT) rose by 46.67% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Mar 2023 | Mar 2022 |
| Assets | 1,326.17 | 1,129.87 |
| Revenue | 1,202.27 | 866.11 |
| Profit | 208.70 | 142.29 |
| Net Worth | 988.31 | 787.62 |
| Reserves | 978.66 | 769.72 |
| Borrowing | 218.52 | 240.35 |
| Amount in ₹ Crore | ||
Strength
Weakness
Latest Announcements
| Date | Subject | Attachment Text |
|---|
Financial Results
Lead Manager(s)
Address
Happy Forgings Limited
B XXIX, 2254/1,
Kanganwal Road, P.O. Jugiana,
Ludhiana – 141 120,
Phone: +91 161 5217162
Email: complianceofficer@ha ppyforgingsltd.co.in
Website: http://www.happyforgingsltd.com/