Issue Price
₹850
Per Share
GMP
NIL
Grey Market
Est. Listing
₹850
Expected Price
Min. Application
₹28,900
2 lots × 17 shares
Incorporated in July 1979, Happy Forgings Limited 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 Forging Limited has three manufacturing facilities, two in Kanganwal and one in Dugri, all located in Ludhiana, Punjab. As of FY 2023, the operational revenue of the company has increased by 43.02%.
Happy Forgings Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 11,865,802 | 100.00% | ₹1,008.59 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 17 | ₹14,450 |
| Retail (Max) | 13 | 221 | ₹187,850 |
| sNII (Min) | 14 | 238 | ₹202,300 |
| bNII (Min) | 70 | 1,190 | ₹1,011,500 |
| Particulars | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 675.73 | 1202.27 | 866.11 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 119.30 | 208.70 | 142.29 |
| Net Worth | 1103.33 | 988.31 | 988.31 |
| Total Assets | 1489.80 | 1326.17 | 1129.87 |
| Reserves & Surplus | 1088.25 | 978.66 | 769.72 |
| Total Borrowings | 258.97 | 218.52 | 240.35 |