Happy Forgings Limited IPO Allotment Date And Where To Check Allotment Status

Happy Forgings IPO, which opened for subscription on December 19, witnessed an impressive total subscription of 82.04 times. Institutional investors showed substantial interest, subscribing 220.48 times, while non-institutional investors and retail investors subscribed 62.17 times and 15.09 times, respectively.

The Happy Forgings IPO, valued at Rs 1,008.59 crores, is a combination of a fresh issue of 0.47 crore shares amounting to Rs 400.00 crores and an offer for sale of 0.72 crore shares totalling Rs 608.59 crores. The issue is set within a price band of Rs 808 to Rs 850 per share, with a minimum lot size of 17 shares.

The allotment of shares for Happy Forgings Limited is expected to be finalised on Friday, December 22.

*This is a tentative date and is subject to change

The shares of Happy Forgings Limited are set to list on both BSE and NSE on Wednesday, December 27.

*This is a tentative date and is subject to change

Investors can check Happy Forgings IPO allotment status on the official registrar website for IPO, Link Intime Pvt Ltd and on the official BSE website.

Subscription Day 3

• Total Subscription: 82.04 times

• Institutional investors: 220.48 times

• Non-institutional investors: 62.17 times

• Retail investors: 15.09 times

Subscription Day 2

• Total Subscription: 7.46 times

• Institutional investors: 0.45 times or 45%

• Non-institutional investors: 16.5 times

• Retail investors: 7.41 times

Subscription Day 1

• Total Subscription: 2.32 times

• Institutional investors: 0.01 times

• Non-institutional investors: 3.58 times

• Retail investors: 3.03 times

• IPO Open Date: December 19

• IPO Close Date: December 21

• Basis of Allotment: December 22

• Initiation of Refunds: December 26

• Credit of Shares to Demat: December 26

• Listing Date: December 27

• Total Issue Size: Rs 1,008.59 Crores

• Face Value: Rs 2 per share

• Fresh Issue Size: Rs 400.00 Crores

• Shares for Fresh Issue: 4,705,882

• Offer for Sale Size: Rs 608.59 Crores

• Shares for Offer for Sale: 7,159,920

• Price Band: Rs 808 to Rs 850 per share

• Lot Size: 17 Shares

Happy Forgings Limited is an Indian company that started in July 1979. They're experts in making heavy forgings and precise machine parts. They create things like crankshafts, axle carriers, and other parts for various industries. Some of their customers include AAM India, Ashok Leyland, JCB India, and more. They sell their products in countries like Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the UK, and the USA. The company has three factories in Ludhiana, Punjab. In the financial year 2023, their revenue went up by 43.02%.