Happy Forgings Limited IPO

Happy Forgings India plans an IPO aiming at INR 500 crores for acquiring equipment, machinery, and debt repayment through new share issuance.

Important Dates

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

Fundamental Analysis

Happy Forgings demonstrates consistent growth with improved Return on Net Worth (RoNW), Earnings Per Share (EPS), and reduced debt-to-equity ratio.

Peer Comparison

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).

IPO Objective

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.

Risks And Challenges

Happy Forgings IPO ties to vital industries addresses customer demands, and navigates risks like economic instability.

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