| Happy Forgings Limited | MAIN BOARD | SMALL CAP | MANUFACTAURING |
Happy Forgings IPO Details
| Minimum Investment ₹14,450.00 /1 Lot (17 shares) | Price Range ₹808-₹850 | ||
| Max Quantity 13 Lots/221 Shares | Max Investment ₹1,87,850.00 | Retail Discount ₹0 | |
| Investor category and sub category Individual- HNI & Retail | Issue Size 400 Cr |
IPO Dates
| Offer Starts | Offer Ends | Allotment | Listing |
| 19 Dec 2023 | 21 Dec 2023 | 22 Dec 2023 | 27 Dec 2023 |
About Happy Forgings Limited
Happy Forging Limited (“HFL”) was incorporated on July 2, 1979. HFL is the 4th largest engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India as of Fiscal 2023 in terms of forgings capacity. They, through their 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.
Share Holding
| Share Holding Pre-Issue | 69.08% |
| Share Holding Post-Issue | 55.47% |
Financials
| Revenue | |
| Year | Values |
| 2021 | 585 |
| 2022 | 860 |
| 2023 | 1,197 |
| Total Asset | |
| Year | Values |
| 2021 | 876 |
| 2022 | 1,130 |
| 2023 | 1,326 |
| Profit | |
| Year | Values |
| 2021 | 86.45 |
| 2022 | 142 |
| 2023 | 209 |
Fundamentals
| Values | Values | ||
| Market cap | ₹8007.42 Cr | ROE | 21.12% |
| P/E (X) | 36.45 | ROCE | 24.24% |
| POST P/E (X) | 33.56 | EPS | 23.32 |
| Debt to Equity | RONW | 21.12% |