Happy Forgings is set to make waves in the financial landscape with its upcoming Initial Public Offering (IPO), scheduled to open on December 19, 2023, and conclude on December 21, 2023.
Key Offering Details
- IPO Size: Approx ₹[.] Crores
- Fresh Issue: Approx ₹400 Crores
- Offer for Sale: Approx 7,159,920 Equity Shares
- Face Value: ₹2 Per Equity Share
- IPO Price Band: ₹[.] to ₹[.] Per Share
- IPO Listing on: BSE & NSE
- Retail Quota: 35%
- QIB Quota: 50%
- NII Quota: 15%
- Discount: N/A
Also Read: Pencil Company DOMS IPO is Live: Bumper Listing Gains Expected As GMP Rises to 60%
Market Lot Information
The minimum market lot for the Happy Forgings IPO is [.] shares with ₹[.] application amount. Retail investors can apply for up to 13 lots with [.] shares or ₹[.] amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
IPO Allotment & Listing Dates
- Happy Forgings IPO Date: December 19, 2023
- IPO Close Date: December 21, 2023
- Basis of Allotment: December 22, 2023
- Refunds: December 26, 2023
- Credit to Demat Account: December 26, 2023
- IPO Listing Date: December 27, 2023
Company Financial Report
Happy Forgings’ financial performance:
| Year | Revenue (₹ in Crores) | Expense (₹ in Crores) | PAT (₹ in Crores) |
|---|---|---|---|
| 2021 | ₹590.81 | ₹473.75 | ₹86.44 |
| 2022 | ₹866.10 | ₹674.05 | ₹142.29 |
| 2023 | ₹1202.27 | ₹922.24 | ₹208.70 |
| 2024 6M | ₹675.73 | ₹516.47 | ₹119.30 |
Valuation – FY2023
Happy Forgings IPO valuation details:
- Earning Per Share (EPS): ₹23.32 per Equity Share
- Price/Earning P/E Ratio: 102.63
- Return on Net Worth (RoNW): 21.12%
- Net Asset Value (NAV): ₹110.43 per Equity Share
Peer Group
Company Promoters:
- Paritosh Kumar
- Ashish Garg
- Megha Garg
- Ayush Capital & Financial Services Private Limited
- Garg Family Trust
- Paritosh Kumar Garg (HUF)
- Ashish Garg & Sons (HUF)
For more detailed IPO reviews from brokerage firms, stay tuned for updates from Capital Market, Religare Broking, Hem Securities, and Arihant Capital.
