The Happy Forgings IPO is a book-built offering for Rs 1,008.59 crores. The offering consists of a new issuance of Rs 400.00 crore and an offer to sell 0.72 crore shares.
Happy Forgings’ initial public offering (IPO) begins on December 19, 2023 and concludes on December 21, 2023. The Happy Forgings IPO allocation is planned to be completed on Friday, December 22, 2023. Happy Forgings’ first public offering (IPO) will be listed on the BSE and NSE on Wednesday, December 27, 2023.
The pricing range for Happy Forgings’ IPO is set at $808 to 850 per share. An application requires a minimum lot size of 17 Shares. Retail investors must make a minimum investment of $14,450. The minimum lot size investment for sNII is 14 lots (238 shares), which amounts to 202,300, while the minimum lot size investment for bNII is 70 lots (1,190 shares), which amounts to 1,011,500.
Happy Forgings IPO Details
| IPO Date | December 19, 2023 to December 21, 2023 |
| Listing Date | [.] |
| Face Value | Rs 2 per share |
| Price Band | Rs 808 to Rs 850 per share |
| Lot Size | 17 Shares |
| Total Issue Size | [.] shares (aggregating up to Rs 1,008.59 Cr) |
| Fresh Issue | [.] shares (aggregating up to Rs 400.00 Cr) |
| Offer for Sale | 7,159,920 shares of Rs 2 (aggregating up to ₹608.59 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 89,499,000 |
Happy Forgings IPO Timeline
| IPO Open Date | Tuesday, December 19, 2023 |
| IPO Close Date | Thursday, December 21, 2023 |
| Basis of Allotment | Friday, December 22, 2023 |
| Initiation of Refunds | Tuesday, December 26, 2023 |
| Credit of Shares to Demat | Tuesday, December 26, 2023 |
| Listing Date | Wednesday, December 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2023 |
Happy Forgings IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 17 | Rs 14,450 |
| Retail (Max) | 13 | 221 | Rs 187,850 |
| S-HNI (Min) | 14 | 238 | Rs 202,300 |
| S-HNI (Max) | 69 | 1,173 | Rs 997,050 |
| B-HNI (Min) | 70 | 1,190 | Rs 1,011,500 |
