| Company Name | Happy Forgings Limited |
| Open Date | 19-12-2023 |
| Close Date | 21-12-2023 |
| Exchange | BSE, NSE |
| Lot Size | 17 Shares |
| Issue Price | ₹808 to ₹850 per share |
| Issue Size | 1,18,65,802 Equity Shares |
| Application Amount | Min. Inv. - ₹ 14,450 (17 shares) Max. Inv. – ₹ 1,87,850 (221 shares) |
| Recommendation | Apply |
Happy Forgings Limited was originally incorporated in the year 1979 and had its registered office in Punjab, India. The company is the fourth largest engineering-led manufacturer of complex and safety critical, heavy forged and high-precision machined components in India. The company is engaged in engineering, process design, testing, manufacturing, and supply of a variety of components that are both margin-accretive and value-additive. The company owns and operates three manufacturing facilities, of which two are located at Kanganwal in Ludhiana, Punjab and one is located at Dugri in Ludhiana, Punjab. As of 30th September 2023, the Company had 3,070 employees on its payroll
| For the Period Ended | Mar-21 | Mar-22 | Mar-23 | Sep-23 |
| Total Assets | 876.38 | 1,129.87 | 1,326.17 | 1,489.80 |
| Net Assets | 645.16 | 787.62 | 988.31 | 1,103.33 |
| Total Borrowings | 153.47 | 240.35 | 218.52 | 258.97 |
| Total Revenue | 590.81 | 866.11 | 1,202.27 | 675.73 |
| Profit After Tax | 86.45 | 142.29 | 211.30 | 119.30 |
| Opening Date | 19/12/2023 |
| Closing Date | 21-12-2023 |
| Basis of Allotment | 22-12-2023 |
| Initiation of Refunds | 26-12-2023 |
| Credit of Shares to Demat | 26-12-2023 |
| Listing Date | 27-12-2023 |
| Purchase of equipment, plant and machinery. |
| Prepayment of all or a portion of borrowings. |
| General corporate purposes. |
| Registered Office | Happy Forgings Limited - B XXIX, 2254/1, Kanganwal Road, P.O. Jugiana, Ludhiana – 141 120, |
| Phone | +91 161 5217162 |
| complianceofficer@ha ppyforgingsltd.co.in | |
| Website | http://www.happyforgingsltd.com/ |
| Happy Forgings Limited DRHP |
| Happy Forgings Limited RHP |
| Name | Link Intime India Private Limited |
| Phone | +91-22-4918 6270 |
| happyforgings.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
| Anchor Investor Shares Offered | 3,559,740 (30.00%) |
| QIB Shares Offered | 2,373,160 (20.00%) |
| NII (HNI) Shares Offered | 1,779,870 (15.00%) |
| bNII > ₹10L | 1,186,580 (10.00%) |
| sNII < ₹10L | 593,291 (5.00%) |
| Retail Shares Offered | 4,153,031 (35.00%) |
| Total Shares Offered | 11,865,801 (100%) |
| Share Holding Pre Issue (Promoters) | 88.24% |
| Share Holding Post Issue (Promoters) | 78.60% |