Happy Forgings Ltd.
Industry:
Forgings
Issue Details
Open Date
19 Dec 2023Close Date
21 Dec 2023Size (in Crs.)
1008.59
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-42Lot Size
17
Type
Book building
Face Value
2
Market Lot
1
Objective of the Issue
1. Purchase of equipment, plant and machinery;2. Prepayment of all or a portion of certain outstanding borrowings availed by our Company; and3. General corporate purposes
Description
We are the fourth largest engineering led manufacturer of complex and safety critical, heavy forged and highprecision machined components in India as of Fiscal 2023 in terms of forgings capacity (Source: Ricardo Report).We, through our 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. Weprimarily cater to domestic and global original equipment manufacturers (“OEMs”) manufa... Show More
Address
B- X X I X-2254/1, Kanganwal Road , Po Jugiana ,
Ludhiana
141120
Promoter Holding
Promoters:
Ashish Garg, Ashish Garg & Sons (HUF), Ayush Capital & Financial Services Pvt Ltd, Garg Family Trust, Megha Garg, Paritosh Kumar, Paritosh Kumar Garg (HUF)
Total Share Capital
78970000
Offered to Public
11865802
% Promoter's Holding (Pre-Issue)
88.24
% Promoter's Holding (Post-Issue)
78.61
Shares on offer
Total Share Offer
78970000
Of above offred to public
11865802
Post Issue shares
NA
Post Issue Promoters
78.61
Lead Managers to the Issue:
Axis Capital Ltd., Equirus Capital Pvt Ltd, JM Financial Ltd., Motilal Oswal Investment Advisors Pvt Ltd
Registrar Details
Registrar Name:
MUFG Intime India Pvt Ltd.
Address
C 101, 247 Park , L B S Marg , Vikhroli (West) , Mumbai
400083
Phone No.
2851 5606/ 2851 5644
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Website
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Fax
2851 2885