About Happy Forgings LimitedIncorporated in 1979, Happy Forgings Limited is India’s fourth largest engineering-led manufacturer of complex and high-precision machined components. Its product portfolio includes crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, camshafts, piston pins, pinion shafts, suspension products and valve bodies. These products are used in commercial vehicles, farm equipment, off-highway vehicles, wind turbines, railways, power generation and the oil and gas industry. It supplies products to each of the top five OEMs (Original Equipment Manufacturers) in the medium and heavy commercial vehicle industry and four of the top five OEMs in the farm equipment industry in India. Some of its customers include AAM India Manufacturing Corporation, Ashok Leyland, Bonfiglioli Transmissions, Dana India, IBCC Industries, Mahindra & Mahindra and more. It also serves customers outside India in countries such as Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom and the United States of America as of 30 September 2023. It owns and operates three manufacturing facilities in Ludhiana, Punjab. It is the second company in India to have a 14,000 tonne forging press. It has automated specific processes by using robots, and has ten robots installed across its manufacturing facilities as of 30 September 2023. The company has seen a CAGR rise of 26% in its revenue from operations and 34% in its profit between FY21 and FY23. Moreover, the Indian forging market is expected to grow at a CAGR of 5% by FY29, which could benefit the company. And now, Happy Forgings Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be used to prepay borrowings, purchase equipment, plant and machinery; and for general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the Happy Forgings Limited IPO:
Financial snapshot
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Here’s a quick look at Happy Forgings Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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Happy Forgings Limited IPO details|Happy Forgings Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Happy Forgings IPO’s opening date – in other words, the Happy Forgings IPO launch date – will be 19th December 2023. The Happy Forgings IPO closing date is 21st December 2023. After this, investors will be updated about the allotment status on 22nd December 2023. Investors, who have been allotted shares, can expect them to be credited to their demat account on 26th December 2023. The Happy Forgings IPO listing date is 27th December 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |Happy Forgings Limited IPO Price BandThe IPO is an offer for sale as well as a fresh issue. The Happy Forgings IPO price band has been set between ₹808 and ₹850 per share. Interested investors can choose a price within this band to apply for the IPO. The Happy Forgings IPO listing price will be determined on 27th December 2023. The listing price is the price at which a company’s shares debut on the stock exchanges |Happy Forgings Limited IPO Lot size The Happy Forgings IPO details have been declared. The Happy Forgings IPO lot size is set at 17 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Happy Forgings IPO issue size is approx ₹1,009 crore. |
How to pre-apply for the Happy Forgings Limited IPO?You can pre-apply for the Happy Forgings Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Happy Forgings Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Happy Forgings Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Happy Forgings Limited IPO on Upstox:
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How to check the Happy Forgings LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Happy Forgings Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Happy Forgings Limited IPOTo apply for the Happy Forgings Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Happy Forgings Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Happy Forgings Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Happy Forgings IPO means applying for this public issue before it goes live. Click here to pre-apply for the Happy Forgings IPO on Upstox.
You can pre-apply for the Happy Forgings IPO from 15 November 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Happy Forgings IPO opens for the subscription.
The Happy Forgings IPO launch date is 19th December 2023. The Happy Forgings IPO will be open for subscription till 21st December 2023.
The Happy Forgings lot size is 17 shares and the minimum investment required is ₹14,450.
The Happy Forgings IPO price band is ₹808 – ₹850 per share.
The size of the Happy Forgings IPO is approx. ₹1,009 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 26th December 2023.
Happy Forgings shares will be on NSE and BSE.
Happy Forgings shares’ listing date is 27th December 2023.