Happy Forgings Ltd.’s initial public offering (IPO) began on December 19, 2023, and subscriptions concluded on December 21, 2023. Happy Forgings Ltd.’s stock was valued at ₹2 per share at face value, while the book-building IPO price band ranged between ₹808 and ₹850 per share.
Happy Forgings Ltd.’s IPO comprised both an offer for sale (OFS) and a new issue. The fresh issue segment included 47,05,882 shares, approximately 47.06 lakh shares. At the upper price range of ₹850 per share, this amounted to a fresh issue of ₹400.00 crore. JM Financial, Axis Capital, Equirus Capital, and Motilal Oswal Investment Advisors led the IPO, with Link Intime India Private Ltd serving as the registrar to the issue.
Here’s how you can check the allotment status of Happy Forgings Limited IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the Link Intime website.
Step 2: Select the IPO name by clicking on ‘Company Selection’.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on December 26, 2023.
Happy Forgings Limited, founded in July 1979, is an Indian firm that specialises in developing and manufacturing heavy forgings and high-precision machined components. Crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension items, and valve bodies are among the products that the company makes, creates, and tests for various industries and clients.
AAM India Manufacturing Corporation Private Limited, Ashok Leyland Limited, and Mahindra & Mahindra Limited are among the few notable company’s customers.Happy Forging Limited has three manufacturing plants in Ludhiana, Punjab, two in Kanganwal and one in Dugri. The company’s operational revenue has increased by 43.02% as of FY 2023.
