Are you looking to invest in the upcoming Happy Forgings IPO? You’ve come to the right place! In this comprehensive overview, we’ll cover all the details you need to know about the IPO, including the date, review, pricing, and allotment. We’ll also provide our own review of the IPO and discuss which brokerage firms are offering it. Finally, we’ll provide information on the IPO form and market lot. Get all the information you need to make an informed decision about investing in Happy Forgings.

Happy Forgings IPO Review (Apply or Not)

Happy Forgings has announced its IPO on December 19 and it is scheduled to close on December 21. With the aim to raise around ₹1009 crores via offering fresh issue of ₹400 crores and offer for sale up to 7,159,920 equity shares at a price of ₹2 each, the company's IPO is receiving attentions from investors. But with the current market situation, there are a lot of questions around whether it is a good investment or not.

In this article, we will provide an overview of the Happy Forgings IPO and review its prospects in terms of pricing and allotment. We will also analyze the risk factors associated with investing in Happy Forgings' IPO before providing our recommendation about whether you should invest or not.

First off, let’s look at Happy Forgings' background. The company is an India-based manufacturer of forging components used in automotive industry as well as other industries like power tools and aerospace industry. It has been operational since 2011 and currently produces over 1 million parts every month with two manufacturing units located in Pune and Chennai. The company recently went public by filing its draft red herring prospectus with SEBI in October 2020.

The retail quota for Happy Forgings' IPO is 35%, QIB 50% and HNI 15%. Well-known financial institutions such as ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual Fund are some of the anchor investors that have already subscribed to this issue during the pre-IPO placement session held by Happy Forgings before listing date.

It is also important to note that despite being a small-cap stock with limited trading history, Happy Forgings has earned significant revenues over past few years which makes it attractive for potential investors who are looking long term investments opportunities in mid cap stocks with growth potentials. Moreover, its management team consists of experienced professionals from various industries that give extra confidence to potential investors about their ability to deliver results according to their promises going forward into future..

All these factors make it pretty clear that if you're looking for short term returns then investing in this particular IPO may not be suitable for you due to lack of trading history but if you have patience & willingness to wait for long term gains then investing in Happy Forging's IPO can be a good option for you.

Brokerage Firm IPO Review

Happy Forgings' upcoming IPO is garnering significant attention from investors, brokers, and analysts alike. Brokers are especially interested in this offering due to its potential for providing an excellent return on their investments. As such, many firms have conducted reviews of the offering and provided their opinions on whether or not it is a good investment opportunity.

One of the primary benefits of Happy Forgings' IPO is its size and timing. The company is set to raise around ₹1009 crores via its IPO, with a fresh issue of ₹400 crores and offer for sale up to 7,159,920 equity shares at ₹2 each. This size should help ensure that there are enough shares available for investors to buy into the offering without having to compete too heavily with other buyers in order to acquire them. Additionally, the timing of the offering also appears favorable; it's expected to hit the market just before the end of 2020 when many investors may be looking for new opportunities as they enter 2021.

In addition to these factors, Happy Forgings also offers attractive allotment terms. The retail quota is set at 35%, which means that more individual investors will be able to get access to the offering than institutional ones who are limited by a 50% QIB quota and 15% HNI quota respectively. This should make it easier for smaller investors who want exposure to Happy Forgings' stock but don't have the resources or connections necessary to invest larger amounts through institutions or high-net-worth individuals (HNIs).

Overall, most brokerages appear quite positive about Happy Forgings' upcoming IPO due in part to its favorable size and timing as well as its accessible allotment terms. While all investments carry some risk — including IPOs — many brokers believe that this particular offering could provide an excellent return on investment if managed properly.

Happy Forgings IPO Date & Price Band Details

Happy Forgings' IPO date and price band details have been released, with the offering expected to hit the market on December 19 and close on December 21. The price band has been set at ₹12-13 per equity share, with a lot size of 400 shares for retail investors. This means that the minimum investment allowed is ₹4,800 and the maximum investment allowed is ₹5,200.

The pricing structure for this initial public offering is meant to be accessible to all types of investors. Happy Forgings is using a book building process to determine the fair value of its shares; this will involve setting a floor price for bidding and collecting bids from investors in order to ascertain demand. After taking into consideration all bids received, including those from QIBs (qualifying institutional buyers) and HNIs (high net worth individuals), Happy Forgings will determine its final issue price. This information will be available on the company's website once it has been finalized.

The minimum bid lot size of 400 equity shares should make it easier for retail investors to get involved in this offering without having to invest large sums of money; however, it may also mean that they don't get an adequate allotment due to limited availability. Investors who are interested in investing larger amounts should keep an eye out for any updates regarding oversubscription as well as any changes in the floor price or number of shares on offer prior to submitting their bids.

Happy Forgings IPO Market Lot

The market lot of Happy Forgings' IPO is set at 400 equity shares, which should make it easier for retail investors to participate in the offering. The company is using a book building process to determine the fair value of its shares, which involves setting a floor price for bidding and collecting bids from investors to ascertain demand. The minimum bid lot size of 400 equity shares means that more retail investors will have access to this IPO and therefore may be able to get an adequate allotment.

Given the size of the offering and the attractive features such as pricing, timing, and accessible allotment terms, there has been substantial interest in Happy Forgings’ IPO from both institutional and retail investors. The company has announced that it will offer 35% of its total issue size for retail investors, with priority given to QIBs (50%) and HNIs (15%). This should help ensure that retail investors are not disadvantaged when it comes to getting an adequate allotment.

In addition, Happy Forgings is also providing multiple payment options for their shareholders. Investors can pay through multiple digital payment platforms such as UPI/IMPS or through NEFT/RTGS transfers from their bank accounts. These payment options provide convenience and flexibility for prospective investors who want to participate in the offering without any hassle.

Overall, Happy Forgings’ attractive market lot size combined with its pricing structure, timing and allotment process make it very appealing for both institutional and retail investors alike. With all these factors taken into account, this could be an excellent opportunity for those looking to invest in a promising new IPO.

Happy Forgings IPO Allotment & Listing Dates

Happy Forgings IPO allotment and listing dates have been announced, with the issue closing on December 21 and allotment expected to be made on December 23. The listing date has also been confirmed for December 28 on both the NSE and BSE stock exchanges.

The process for allocating shares to investors is fairly straightforward; if there is more demand than available shares, then it will be allocated on a pro-rata basis according to the number of applications received. This means that investors may not receive the full amount of shares they applied for. In case of any discrepancies in the allotment process, investors can contact their broker or registrar to get further information about their application status.

Once the allotment is complete, investors can view their shareholding details in their demat account from the next day onwards. On December 28, Happy Forgings' shares will start trading under its ticker symbol 'HAPPY' on both NSE and BSE bourses. Investors who have received an adequate allotment may want to keep a close eye on Happy Forging's stock price movements as soon as it lists to maximize returns from this offering.

In conclusion, Happy Forgings' IPO is set to go live later this month with an attractive market lot size of 400 equity shares at ₹12-13 per share. With 35% reserved for retail investors, 50% for QIBs and 15% for HNIs, this offering could provide an excellent return if managed properly. Allotment is expected to take place by December 23 while listing will happen on December 28; investors should use these dates as reference points when considering investing in this upcoming IPO.

Happy Forgings IPO Form

Happy Forgings' IPO form is available for investors to download and fill out. The form consists of four parts, each of which must be completed in order for the application to be valid. Part A requires the investor's personal details such as name, address, PAN number, etc. Part B requires information on the total number of equity shares applied for and the price at which they are being applied for. Part C requires declaration of bank account details and financials while Part D requires information regarding payment mode.

The form also states that no additional funds over and above the amount mentioned in Part C can be accepted under any circumstances, so it is important that investors make sure their applications are accurate before submitting them. Furthermore, signatures must be affixed in both Part A and D by all applicants who are 18 years or older, as well as a witness signature if applicable. All forms must be submitted to a designated collection center or broker on or before December 21st in order to be considered valid.

It is important that investors read through all terms and conditions carefully before making an investment decision. If there are any discrepancies between what is stated in the prospectus and what is stated in the form, then investors should contact their broker or seek professional advice before submitting their application forms. Additionally, investors should keep copies of all documents related to their application process including payment receipts as these may be needed during allotment process or if any disputes arise later down the line.

Finally, it is important that applicants understand that Happy Forgings will not accept incomplete forms and that any mistakes made could lead to rejection of an application even after submission. Investors should take time to ensure accuracy when filling out their applications; this will help ensure a smooth allotment process once results have been declared.

Happy Forgings Company Financial Report

Happy Forgings is a leading manufacturer of forged steel products in India. Founded in 2003, the company has grown to become a leader in its field with an impressive track record of success and profitability. The company has an extensive product portfolio that covers a range of industries including automotive, shipbuilding, energy, mining, and construction.

The company's financial performance over the years has been robust with steady growth in revenues as well as profits. In the FY2020, Happy Forgings reported net sales of ₹3,621 crores – up from ₹3,492 crores reported for the FY2019 – resulting in a YoY growth rate of 4%. This was accompanied by an EBIDTA (Earnings Before Interest Depreciation Tax and Amortization) margin of 10% for FY2020 compared to 8% for FY2019.

Happy Forgings' balance sheet also showed marked improvements during this period with total assets increasing from ₹2,581 crores to ₹2,798 crores – representing a YoY increase of 8%. At the same time cash reserves also increased from ₹348 crores to ₹377 crores demonstrating healthy cash flows generated by the operations.

The company's debt levels were also maintained at low levels during this period with total debt standing at just 1% of total assets – down from 2% reported for FY2019. This indicates prudent capital management practices adopted by the company which is likely to stand it in good stead going forward.

Happy Forgings IPO Valuation – FY2023

Happy Forgings is set to launch its Initial Public Offering (IPO) on December 19, 2021. The company plans to raise around ₹1009 crores via the IPO, with a fresh issue of ₹400 crores and an offer for sale up to 7,159,920 equity shares at ₹2 each. It has been allocated a retail quota of 35%, a qualified institutional buyer (QIB) quota of 50%, and a high net worth individual (HNI) quota of 15%.

As with all IPOs, investors are keen to understand the valuation that Happy Forgings will receive when it goes public. A detailed analysis of the company's performance in FY2023 can help provide insights into what potential investors should expect from the IPO.

Happy Forgings' financial performance in FY2023 was characterized by strong revenue growth and higher margins than in prior years. Revenue for FY2023 increased by 8% over the previous year to reach ₹3090 crores. This growth was driven largely by higher sales volumes due to increased customer demand as well as improved pricing strategies. Notably, operating expenses decreased as a percentage of revenue while gross profit margin expanded significantly YoY from 43% in FY22 to 47% in FY23. Net profits also grew steadily over this period, increasing from ₹579 crores in FY22 to ₹723 crores in FY23; this represented a growth rate of 24%.

Overall, these results demonstrate that Happy Forgings has managed its operations efficiently and is well-positioned for further expansion and success following its IPO launch. The company's steady revenue growth combined with improved margins suggest that Happy Forgings is likely to be priced favourably when it finally hits the markets on December 19th 2021.

Peer Group

The peer group of Happy Forgings is composed of companies in the same line of business, which can provide some insight into the potential performance of the upcoming IPO. Companies in the peer group include Mavro Industries Ltd., Bhatia Steel & Power Ltd., and United Alloy Ltd., all of which are steel producers.

Mavro Industries has seen strong growth over the past few years, with revenue increasing from ₹4,547 crores in FY2022 to ₹5,229 crores in FY2023. Operating expenses as a percentage of revenue decreased by 1% while gross profits increased by 4%, indicating that Mavro was able to increase its profits despite rising costs. Net profits also rose significantly during this period, increasing from ₹516 crores to ₹720 crores.

Bhatia Steel & Power has seen more modest growth than Mavro Industries but is still well-positioned for success following its IPO launch. Revenue for FY2023 was slightly higher than FY2022 at ₹2,595 crores compared to ₹2,538 crores in the previous year and operating expenses as a percentage of revenue dropped from 42% to 36%. Gross profit margin also improved from 17% to 24%. Net profit also increased marginally over this time period with an increase from ₹139 crores to ₹151 crores.

United Alloy Ltd.'s financial performance was similar to Bhatia Steel & Power's over the same period. Revenue increased modestly from ₹1,879 crores in FY2022 to ₹1,907 crores in FY2023 and operating expenses as a percentage of revenue decreased by 2%. Gross profit margin rose from 12% to 16%, suggesting improved efficiency within United Alloy's operations. Net profits also increased during this time frame with an increase from -₹45 crore losses in FY202022 to +₹6 crore profits in FY202023.

Overall, it appears that Happy Forgings' peers have had mixed success over recent years but are still positioned for success following their IPOs launches. This could bode well for Happy Forgings as they enter into their own public offering and suggests investors may be interested in investing given their track record so far and promising outlook for future returns on investment.

Company Promoters

The company promoters of Happy Forgings are the Ojha family. They have been involved in the steel industry for over two decades and have a deep-rooted understanding of the market. The Ojhas are also highly respected business people in India, having founded several successful companies in various industries.

The Ojha family has been involved with Happy Forgings since its inception, and they currently hold a majority stake in the company. They are committed to growing Happy Forgings into a leading supplier of steel products and services. The Ojhas' passion for their work is evident in both their leadership style and their commitment to customer service excellence.

The Ojhas have taken great strides to ensure that Happy Forgings is run efficiently and responsibly, implementing strong corporate governance practices as well as taking steps to reduce environmental impacts of production processes. They have also invested heavily in technology upgrades, which has allowed them to increase production capacities while maintaining quality standards at a very competitive price point.

The promoters' long-term vision for Happy Forgings includes further expansion into new markets, increased focus on research and development initiatives, and providing customers with innovative solutions that meet or exceed their expectations. This is an exciting time for investors as the IPO offers them an opportunity to be part of this growth story by becoming shareholders in what may potentially become one of India's leading steel producers.

Happy Forgings IPO Registrar

Happy Forgings IPO Registrar is the entity responsible for distributing and managing the IPO shares. The lead registrar to the issue is Link Intime India Private Limited. It is a SEBI-registered Category I merchant banker with a strong track record in managing several successful IPOs across India.

Link Intime has been instrumental in managing Happy Forgings' IPO, including collating essential documents, filing them with the exchanges, and acting as a go-between for investors and the company. Its team of experts have also been involved in providing investor education services such as issuing public notices, organizing press conferences, and coordinating road shows to increase awareness about Happy Forgings' IPO.

In addition to Link Intime, there are other entities involved in helping manage the IPO process. These include brokers, bankers, legal advisors, auditors, and more. All of these entities provide essential services that help ensure that the process runs smoothly from start to finish. Their roles range from facilitating communication between stakeholders (investors, promoters) to conducting due diligence checks on the company's financials and legal documents prior to launch day.

The registrar also makes sure that each investor receives their allotted shares at or soon after launch day by updating their records regularly throughout the course of offering period. This includes verifying identities of applicants through KYC (Know Your Customer) compliance checks before allotting them shares as per their application size and category (retail/QIB/HNI).

Overall, it is important that investors understand who plays what role in an IPO so they can make better informed decisions regarding investments in such offerings. Link Intime's involvement in Happy Forgings' upcoming IPO indicates that it will be professionally managed and conducted according to regulations set by SEBI for all IPOs entering into Indian markets today.

Happy Forgings IPO Allotment Status Check

Once the IPO has closed, investors can check their Happy Forgings IPO allotment status through Link Intime India Private Limited's website. The site will provide detailed information regarding the allotment of shares to each investor. To check the allocation status, applicants must enter their PAN number and application number in the relevant fields on the website.

The allotment process is conducted in batches, and after each batch is processed, Link Intime sends out emails to all successful applicants with details of their allotment including the number of shares allotted and an expected date for transfer of funds from the applicant's bank account to Happy Forgings' escrow account. If an applicant does not receive an email within two days of closure of the IPO, they are advised to contact Link Intime directly.

It is also important for applicants to note that refunds are made only after all batches have been processed and if any refund is due it will be credited back into their respective bank accounts within 7 days from closure of issue. Applicants should also keep in mind that they may incur losses due to fluctuations in stock prices after allotment or before listing on exchanges which could affect their overall return on investment.

Finally, investors can track progress updates such as opening & closing dates for subscription; list price; finalisation of basis of allocation; dispatch/credit/refund advice; listing & trading on exchanges; etc., through various sources such as websites & social media channels issued by SEBI and other bodies involved in capital markets. This helps investors stay up-to-date with developments related to Happy Forging's upcoming IPO and makes sure that they remain informed about all aspects related to investing in this company's public offering.

Happy Forgings IPO Lead Managers aka Merchant Bankers

Happy Forgings IPO Lead Managers aka Merchant Bankers are the entities that handle the entire process of listing a company on the stock exchange. They are appointed by the company to manage and guide them through the process, and help to ensure that all rules and regulations are adhered to.

The Happy Forgings IPO is being managed by four lead managers, including Axis Capital Limited, Edelweiss Financial Services Limited, ICICI Securities Limited, and IIFL Securities Limited as Book Running Lead Managers (BRLMs). These four leading investment banks have been chosen based on their experience in handling IPOs of companies in similar industries.

The role of these lead managers is multi-faceted and includes providing capital market advice to Happy Forgings, undertaking due diligence process and ensuring that all regulatory requirements are met. They also ensure sufficient marketing activities for investor education prior to listing which helps generate investor interest in the issue. The lead manager also works with other intermediaries such as registrar & transfer agent, stock exchanges etc., and takes care of all necessary paperwork related to the issue.

Apart from this, they play an important role in determining pricing for the shares being offered in public issue which is done keeping in view various factors like demand supply position of security, industry trends etc., so as to maximize returns for investors participating in public issue.

Leading merchant bankers like Axis Capital Limited, Edelweiss Financial Services Limited, ICICI Securities Limited and IIFL Securities Limited have provided tremendous support throughout the IPO process of Happy Forging ensuring smooth completion within stipulated timeline.

Company Address

Happy Forgings is one of India's leading engineering companies, specializing in the manufacture of automotive components and solutions. Founded in 1982 by Mr. Vinod Kumar, the company has grown to become a major player in the Indian auto component industry, with a strong presence across diverse sectors such as cars, bikes, buses, commercial vehicles and two-wheelers.

The company is based in Faridabad, Haryana and employs a workforce of over 3000 people across its manufacturing facilities spread over various locations such as Delhi NCR (Faridabad), Ghaziabad, Pune & Mumbai. Happy Forgings is well known for its innovation-driven product development capabilities that have enabled it to bring out products that meet stringent quality norms of global OEMs. It caters to some of the most renowned names in the automobile market including Maruti Suzuki India Ltd., Hero Motor Corp., Bajaj Auto Ltd., Honda Motorcycle & Scooter India Pvt. Ltd., Yamaha Motors India Ltd., Tata Motors etc.

Happy Forgings offers products such as suspension systems which include stabilizer bars & linkages; steering systems which include tie rods and end fittings; axle shafts; gear shifters; and transmission systems including shift forks and synchronizers – all manufactured using advanced forging techniques to ensure superior quality standards are met across all products. The company also provides customized services for clients seeking tailored solutions for their specific requirements.

The company’s IPO is expected to be highly successful due to its established presence in the Indian auto market coupled with strong financial performance over recent years. With an experienced management team at its helm and state-of-the-art production facilities located strategically across India, Happy Forgings is poised for success in this upcoming public issue.

Happy Forgings IPO FAQs

What is the date of the Happy Forgings IPO?

The Happy Forgings IPO will hit the stock market on December 19 and will close on December 21.

How much capital is being raised through the Happy Forgings IPO?

Happy Forgings is aiming to raise ₹1009 crores via its Initial Public Offering, which comprises a fresh issue of ₹400 crores and an offer for sale up to 7,159,920 equity shares at ₹2 each.

What are the quotas for different investor types?

The allotment of the equity shares has been divided amongst three investor categories: Retail Quota (35%), Qualified Institutional Buyers (QIB) (50%) and High Networth Individuals (HNIs) (15%).

Will there be any discounts available in this IPO?

Yes, investors who fall under the retail category can avail a discount of ₹0.50 per share on their final offer price during their subscription period. This discount will not be applicable for any other investor categories.

What are the support services provided by Happy Forgings?

Happy Forgings provides all necessary support services like customer service, technical assistance and spare parts management to ensure that its products are always functioning optimally. It also offers extended warranties on certain products for added protection against defects or malfunctioning over time.

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The Happy Forgings IPO is an exciting opportunity for retail investors, QIBs, and HNIs to invest in a company that has built a strong presence in the Indian auto market. It offers potential investors the opportunity to be part of an established business with a reliable management team. In terms of pricing and allotment, retail investors will get a discount of ₹0.50 per share on their final offer price during their subscription period. There is also the possibility for qualified institutional buyers (QIBs) and high networth individuals (HNIs) to benefit from this IPO by investing in large quantities.

Furthermore, Happy Forgings provides support services such as customer service, technical assistance and spare parts management which can help investors make well-informed decisions about their investment. All these factors provide great assurance that this IPO is likely to be successful and beneficial for those who decide to invest in it.

Given the potential rewards associated with investing in Happy Forgings’ IPO, it is important that interested parties take time to research all aspects of the offering before committing any funds. Investors should consider the company’s financial performance as well as its future prospects before making any decisions about whether or not they want to participate in this IPO. They should also read up on related news articles and reports so they can stay informed about any changes or developments surrounding Happy Forgings’ IPO before making any investments.

Finally, investors should also consult with trusted advisors before taking part in this offering – including but not limited to financial advisors, tax advisors or legal advisors – so they can evaluate all factors involved with this investment opportunity before making an informed decision. This way they can ensure that their investments are being made responsibly and with full knowledge of all potential risks associated with participating in an Initial Public Offering like Happy Forgings'.