35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

Happy Forgings Limited IPO (Happy Forgings IPO) Details

Happy Forgings Limited is an Automobile - Forging And Casting based company, located in Ludhiana, Happy Forgings Limited IPO size was 1008.59 Cr. and was issued at 850.00 per share. The share of Happy Forgings Limited were listed at 1029.80 per share and are currently trading at 899.75 per share.

Type :
Sub Sector : Led Manufacturer Of Complex And Precision Machined
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
1351.46 Cr.

PAT :
238.60 Cr.

Pricing Report

Issue Price :
850.00

Listing Price :
1029.80

Current Market Price :
899.75

Issue Price vs CMP :
49.75 (5.85%)

listing Price vs CMP :
130.05 (12.63%)

Performance Report (CAGR* wise)

CAGR : 5.04
-ve 0 6 9 12+
Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Happy Forgings

Company Information
Happy Forgings Limited is the fourth-largest engineering-led manufacturer of complex and safety-critical, heavy forged, and high-precision machined components in India as of Fiscal 2023, in terms of forgings capacity (Source: Ricardo Report). It operates through vertically integrated operations, engaged in engineering, process design, testing, manufacturing, and supply of a variety of components that are margin accretive and value-additive. The company primarily caters to domestic and global OEMs in the commercial vehicle sector, and in the non-automotive sector, it serves manufacturers of farm equipment, off-highway vehicles, and industrial equipment for oil and gas, power generation, railways, and wind turbine industries. With over 40 years of experience in manufacturing and supplying quality and complex components as per customer specifications, it has emerged as a leading player in
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Object of Issue
  • Purchase of equipment, plant and machinery
  • Prepayment of all or a portion of certain outstanding borrowings availed by the Company
  • General corporate purposes

Happy Forgings MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Dec, 2023
IPO Size :
1008.59 Cr.
Market Cap :
8007.42 Cr.   
IPO Subscription :
82.63 X     
PE Multiple :
9.87
Merchant Banker :
Axis Capital Limited
IPO Registrar:
Link Intime India Private Limited
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Peer Companies Of This Sector

FAQs

Happy Forgings operates in Automobile - Forging And Casting and Led Manufacturer Of Complex And Precision Machined. The Issue is listed on MainBoard in Dec, 2023. Happy Forgings IPO size was 1008.59 Cr. with Issue price of 850.00 .

Merchant Banker(s) of Happy Forgings IPO: Axis Capital Limited , Equirus Capital Private Limited , Jm Financial Limited , Motilal Oswal Investment Advisors Limited

Happy Forgings IPO subscription was 82.63 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Happy Forgings IPO listed at a listing price of 1029.80 against the offer price of 850.00.

The current market price of Happy Forgings is 899.75.

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