Happy Forgings India plans an IPO aiming at INR 500 crores for acquiring equipment, machinery, and debt repayment through new share issuance.
IPO Date: Dec 19 to Dec 21, 2023 Listing Date: Dec 27, 2023 Price: INR 808 – 850 per share IPO Lot Size: 17 Shares IPO Total Issue Size: INR 1009 crores
Happy Forgings demonstrates consistent growth with improved Return on Net Worth (RoNW), Earnings Per Share (EPS), and reduced debt-to-equity ratio.
Happy Forgings excels in revenue, EPS (23.32), and RoNW (21.12%). Bharat Forge leads revenue, Craftsman Automation in EPS (117.56), Sona BLW with higher P/E (82.65).
Happy Forgings plans INR 213.59 crores for new equipment, debt repayments based on costs and rates, and reserves the rest for general corporate needs in their IPO.
Happy Forgings IPO ties to vital industries addresses customer demands, and navigates risks like economic instability.