Happy Forgings IPO Opens Bidding on December 19th; Gains Robust Grey Market Premium of ₹430 per Share

Que 1 :What is the current Grey Market Premium (GMP) for Happy Forgings IPO?

Ans:As of today, the Grey Market Premium (GMP) for Happy Forgings IPO stands at ₹430 per share, indicating a favorable market sentiment towards the upcoming IPO.

Que 2: When are the bidding dates for the Happy Forgings IPO?

Ans: The bidding for Happy Forgings IPO is scheduled to take place from December 19th, 2023, to December 21st, 2023.

Que:3 What is the price range and lot size for the Happy Forgings IPO?

Ans:The price range for the Happy Forgings IPO is set between ₹808 and ₹850 per share, with a lot size of 17 shares.

Que:4 Can you provide information about the issue size and application details for the Happy Forgings IPO?

Ans :The issue size for the Happy Forgings IPO is ₹400 Crores. Eligible investors can apply as Regular with a minimum investment of ₹13,736. High Networth Individuals (HNIs) can apply between ₹2,00,000 and ₹5,00,000.

Que:5 Who is the Managing Director of Happy Forgings?

Ans:Mr. Paritosh Kumar serves as the Managing Director of Happy Forgings, a company specializing in designing and manufacturing heavy forgings and high-precision machined components.

Que:6 What sectors does Happy Forgings cater to?

Ans: Established in 1979, Happy Forgings primarily serves OEMs involved in commercial vehicle production, both domestically and internationally. Additionally, it extends services to non-automotive sectors such as farm equipment, off-highway vehicles, oil and gas, power generation, railways, and wind turbine industries.

Que:7 Can you provide the profit figures for Happy Forgings in recent years?

Ans:Certainly. In 2023, Happy Forgings recorded a profit of ₹208.70 Crores, showcasing a growth trend from ₹142.29 Crores in 2022.