Happy Forgings Limited Incorporated in July 1979, Company is an Indian manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components.
The company manufactures, designs and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products and valve bodies for different industries and customers.
The company’s customer base includes AAM India Manufacturing Corporation Private Limited, Ashok Leyland Limited, Bonfiglioli Transmissions Private Limited, Dana India, IBCC Industries (India) Private Limited, International Tractors Limited, JCB India Limited, Liebherr CMCtec India Private Limited, Mahindra & Mahindra Limited, Meritor HVS AB, Meritor Heavy Vehicle Systems Cameri SPA, SML ISUZU Limited, Swaraj Engines Limited and others.
The company has served customers in various regions including Brazil, Italy, Japan, Spain, Sweden, Thailand, Turkey, the United Kingdom and the United States of America.
Happy Forgings Limited are the fourth largest engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India in terms of forgings capacity. The Company through his vertically integrated operations, are engaged in engineering, process design, testing, manufacturing, and supply of a variety of components that are both margin accretive and value-additive. Company primarily cater to domestic and global original equipment manufacturers (“OEMs”) manufacturing commercial vehicles in the automotive sector, while in the non-automotive sector, Company cater 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.
Happy Forgings Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 19 Dec 2023 |
| IPO Close Date | 21 Dec 2023 |
| Allotment Date | 22 Dec 2023 |
| IPO Listing Date | 27 Dec 2023 |
Happy Forgings Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 808 to Rs. 850 Per Equity Share |
| Market Lot | 17 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 1008.59 Crore. |
Happy Forgings Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 17 | Rs. 14450 |
| Maximum | 13 | 221 | Rs. 187850 |
| Small HNI (Minimum) | 14 | 238 | Rs. 202300 |
| Big HNI (Minimum) | 70 | 1190 | Rs. 1011500 |
Happy Forgings Limited IPO Allotment Status
Click Here To Check IPO Allotment Status Happy Forgings Limited IPO
Click Here To Get ASBA Forms Happy Forgings Limited IPO
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 1326.17 | 1129.87 | 876.38 |
| Total Revenue | 1202.27 | 866.11 | 590.81 |
| Profit After Tax | 208.70 | 142.29 | 86.45 |
Company Promoters:
The promoters of the company are Paritosh Kumar, Ashish Garg, Megha Garg, Ayush Capital & Financial Services Private Limited, Garg Family Trust, Paritosh Kumar Garg (HUF) and Ashish Garg & Sons (HUF)
Purpose of the Issue
- Purchase of equipment, plant and machinery.
- Prepayment of all or a portion of certain outstanding borrowings availed by the Company and
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Happy Forgings Limited B XXIX, 2254/1, Kanganwal Road, P.O. Jugiana, Ludhiana – 141 120, Phone: +91 161 5217162 Email: complianceofficer@happyforgingsltd.co.in Website: http://www.happyforgingsltd.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: happyforgings.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
