Happy Forgings Limited IPO
Happy Forgings Limited was a mainboard IPO in the Castings & Forgings sector, offered at ₹808–₹850 per share to raise ₹1,009 crore. The issue was subscribed 82.04× overall (QIBs 220.48×, NIIs 62.17×, retail 15.09×). It listed on 27 Dec 2023 and closed its first day at ₹1,031, a listing gain of +21.3% versus the ₹850 issue price. It now trades around ₹1,748 (+105.7% versus the issue price).
Frequently asked questions
- How many times was the Happy Forgings Limited IPO subscribed?
- The Happy Forgings Limited IPO was subscribed 82.04× overall — 220.48× in the QIB category, 62.17× among non-institutional investors, 15.09× in retail.
- What were the Happy Forgings Limited IPO listing gains?
- Happy Forgings Limited listed on 27 Dec 2023, closing its first day at ₹1,031 — a listing gain of +21.3% versus the ₹850 issue price.
- What were the retail allotment odds for the Happy Forgings Limited IPO?
- Retail was subscribed 15.09×, so a single-lot application had roughly a 6.6% chance of allotment (about 1 in 15), and allotment was finalised on 25 Dec 2023.
- What was the price band and lot size of the Happy Forgings Limited IPO?
- The price band was ₹808–₹850 per share, with a minimum lot of 17 shares (₹14,450 at the upper band).
- Who were the registrar and lead manager for the Happy Forgings Limited IPO?
- Link Intime India Private Limited was the registrar, and JM Financial was the book-running lead manager.