Happy Forgings IPO

Happy Forgings Limited

₹13,736 /17 sharesMinimum Investment

Happy Forgings IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹850.00₹1,001.00₹151.00 (17.76%)

Happy Forgings IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
19 Dec ‘23 - 21 Dec ‘23₹13,73617₹808 - ₹850
Issue SizeIPO Doc
1008.59Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers220.48x
Non-Institutional Investor62.15x
Retail Individual Investor15.02x
Total82x

About the company

Established on July 2, 1979, Happy Forgings specializes in designing and manufacturing heavy forgings and high-precision machined components. Happy Forgings primarily serves original equipment manufacturers (OEMs) engaged in the production of commercial vehicles, both domestically and internationally. In the non-automotive sector, the company extends its services to manufacturers of farm equipment and off-highway vehicles, as well as industrial equipment and machinery for sectors such as oil and gas, power generation, railways, and wind turbine industries. The company's diverse product range includes heavy forged and machined items like crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, pinion shafts, suspension products, and valve bodies. These products cater to a varied customer base across different industries.;
Founded in
1979
Managing director
Mr. Paritosh Kumar
Parent organisation
Happy Forgings Limited

Strength and risks

Strengths
Risks
Happy Forgings has experienced an increase in revenue from the sale of machined products, rising from Rs. 399.202 crore in 2021 (constituting 72.88% of product sales revenue in that year) to Rs. 839.233 crore in 2023 (comprising 78.66% of product sales revenue in that fiscal year). This reflects a CAGR of 44.99%.
In terms of forging capacity, as of 2023, Happy Forgings holds the position as the fourth-largest engineering-led manufacturer in India, specializing in complex and safety-critical heavy forged and high-precision machined components.
The company has integrated manufacturing operations and in-house product and process design capabilities.
The company operates 3 manufacturing facilities, 2 located in Kanganwal, Ludhiana, Punjab, and one in Dugri, Ludhiana, Punjab.
The company serves customers in over 9 countries, including Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the UK, and the USA.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular808 - 850₹2 Lakh
High Networth Individual808 - 850₹2 - 5 Lakh
For Happy Forgings IPO, eligible investors can apply as Regular.
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