Subscription Details
The details about the Happy Forgings Limited IPO is as:
- The issue size of the IPO is 1008.59 Cr.
- The price band for Happy Forgings Limited IPO is Rs 808 to Rs 850.
- The shares of Happy Forgings Limited IPO will list on 27th December 2023.
- The latest tentative GMP of Happy Forgings Limited IPO is Rs 400.
- The shares of Happy Forgings Limited IPO is subscribed 82.63 Times as of 21st December 2023.
Happy Forgings Limited IPO Valuation
The approx valuation of Happy Forgings Limited IPO based on its price band and DRHP (prospectus) is:
| Particulars |
Value |
| Upper Price Band |
Rs 850 |
| Existing Shares (Qty) |
8.94 Cr |
| Fresh Issue |
400 Cr |
| Market Cap |
7999 Cr |
| EPS (FY23) |
Rs 23.32 |
| PE Ratio |
36.44x |
| Industry PE |
70.37x |
Happy Forgings Limited IPO Issue Size
Happy Forgings Limited IPO issue size is 1008.59 Cr.
| Issue |
Amount |
| Fresh Issue |
400 Cr |
| Offer For Sale |
608.59 Cr |
Happy Forgings Limited IPO Market Lot
An Individual can apply for a minimum 1 lot of 17 shares and a maximum of 13 lots of 221 shares. Find the details below:
| Application |
Lot |
Shares |
Amount |
| Minimum |
1 |
17 |
14,450 |
| Maximum |
13 |
221 |
1,87,850 |
Happy Forgings Limited IPO share offer
The shares of Happy Forgings Limited IPO is subscribed 82.63 Times as of 21st December 2023. The category-wise shares subscribed are as follows:
| Category |
% Offered |
Subscribed |
| Qualified Institutional |
Maximum 50% |
214.65 Times |
| Non-Institutional |
Minimum 15% |
63.45 Times |
| Retail Individual |
Minimum 35% |
15.40 Times |
| Total |
|
82.63 Times |
Allotment Details
Find below the dates for Happy Forgings Limited IPO:
| Schedule |
Date |
| Basis of Allotment |
22 December 2023 |
| Refunds |
26 December 2023 |
| Credit to Demat Account |
26 December 2023 |
| IPO Listing Date |
27 December 2023 |
Happy Forgings Limited IPO allotment is released. Check by clicking the button below.
Check allotment status