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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Happy Forgings Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹850
Per ShareLot Size
17 Shares
Minimum Investment
₹14,450
Issue Size
₹1,008.59 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
88.24%
Promoter Holding (Post-Issue)
78.61%
Issue Type
Book Building
ISIN
INE330T01021
Happy Forgings Limited is an engineering led manufacturer of safety critical, heavy forged and high precision machined components. The Company manufactures a wide range of forged and machined products such as crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, planetary carriers, suspension brackets and valve bodies across industries for a diversified base of customers. The Company caters to domestic and global OEMs manufacturing commercial vehicles in the automotive sector, while in the non-automotive sector, it caters to manufacturers of farm equipment, off-highway vehicles and manufacturers of industrial equipment and machinery for oil and gas, power generation, railways and wind turbine industries.
The global forging and machining markets are estimated to be valued at approximately USD 71.9 billion and USD 52.5 billion, respectively, in 2023 and is expected to grow at a CAGR of 5.1% and 5.2% to reach USD 97.0 billion and USD 71.2 billion, respectively, by 2029. Further, the forging and machining markets in India are estimated to be valued at approximately USD 7.3 billion and USD 5.4 billion, respectively, in Fiscal 2024 and is expected to grow at a CAGR of 7.1% and 8.4% to reach USD 10.2 billion and USD 8.0 billion, by Fiscal 2029, respectively.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 11,865,802 equity shares*** of face value of Rs. 2 each of the company ("Equity Shares") for cash at a price of Rs. 850 per equity share (including a share premium of Rs. 848 per equity share) ("Offer Price") aggregating to Rs. 1008.59 crores*** ("Offer"). The offer comprises a fresh issue of 4,705,882 equity shares*** aggregating to Rs.400.00 crores*** ("Fresh Issue") and an offer for sale of 7,159,920 equity shares*** ("Offered Shares") aggregating to Rs. 608.59 crores***, 4,922,445 equity shares*** aggregating to Rs. 418.41 crores*** by Paritosh Kumar Garg (huf) (the "Promoter Selling Shareholder") and 2,237,475 equity shares*** aggregating to Rs. 190.19 crores*** by India Business Excellence Fund - iii (the "Investor Selling Shareholder" and together with the promoter selling shareholder, the "Selling Shareholders"), and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer will constitute 12.60% of the post offer paid up equity share capital of the company. ***Subject to finalisation of the basis of allotment. The face value of the equity share is Rs. 2 each. The offer price is 425 times the face value of the equity shares.f
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Happy Forgings Limited was incorporated as `Happy Forgings Private Limited' at Jalandhar, Punjab as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated July 2, 1979, issued by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Thereafter, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on March 31, 1998, and the name of the Company was changed to `Happy Forgings Limited', and a fresh certificate of incorporation dated April 1, 1998 was issued to the Company by the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.