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IPO Note | Closed

Happy Forgings Ltd

Minimum Investment

Retail Investor can invest upto Rs 0 in IPO
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Retail Discount

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Open Date

19-Dec-23
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Close Date

21-Dec-23
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Application Timing

IPO Details

  • Min Order Quantity
    17
  • Price Range
    850-0
  • Issue Size
    1008.59
  • Face Value
    2
  • Listing at
    BSE
  • IPO Doc
    DRHP PDFpdf - img

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Lead Manager

Axis Capital Ltd

About Company

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    Parent Organization
  • founded-img
    Founded
  • managing-img
    Managing Director

IPO Schedule

Offer Start

19-Dec-23

Offer End

21-Dec-23

Allotment Finalization

Refund initiation

Demat transfer

Listing

Key Objective

Initial public offering of 11,865,802 equity shares*** of face value of Rs. 2 each of the company ("Equity Shares") for cash at a price of Rs. 850 per equity share (including a share premium of Rs. 848 per equity share) ("Offer Price") aggregating to Rs. 1008.59 crores*** ("Offer"). The offer comprises a fresh issue of 4,705,882 equity shares*** aggregating to Rs.400.00 crores*** ("Fresh Issue") and an offer for sale of 7,159,920 equity shares*** ("Offered Shares") aggregating to Rs. 608.59 crores***, 4,922,445 equity shares*** aggregating to Rs. 418.41 crores*** by Paritosh Kumar Garg (huf) (the "Promoter Selling Shareholder") and 2,237,475 equity shares*** aggregating to Rs. 190.19 crores*** by India Business Excellence Fund - iii (the "Investor Selling Shareholder" and together with the promoter selling shareholder, the "Selling Shareholders"), and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer will constitute 12.60% of the post offer paid up equity share capital of the company. ***Subject to finalisation of the basis of allotment. The face value of the equity share is Rs. 2 each. The offer price is 425 times the face value of the equity shares.f

Financial Snapshot ()

Financial Year Ended Revenue( Crores) PAT ( Crores) EPS()
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How to apply for IPOs with Arihant Capital

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Step 1

Go to IPO Online page

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Step 2

Login using your “client code” or PAN and mobile number by verifying OTP.

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Step 3

Click on “Apply IPO” to enter your bid quantity and UPI id.

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Step 4

Go to your UPI application and approve the payment request.

Viola! You have successfully applied to the IPO.

First time bidding for an IPO? This is all you need to know.

Bidding online is one of the most efficient ways to subscribe to an IPO.

  • If you are an Arihant Customer, simply login using your client code and OTP.
  • Not an Arihant customer? No worries, apply using your PAN number.
  • Enter the bid quantity and approve the UPI payment mandate.
  • Your bid is complete!

When the IPO shares are allotted, you will either get full or partial allotment from the bid you made.

Sometimes, the IPO is oversubscribed, and you may not get any shares allotted to you. In such cases the full amount will be refunded to you.

To apply for an IPO,

  • It is necessary to have a demat account and a UPI ID.
  • Don’t have a demat account yet? Click here.
  • Your mobile number should be linked to your bank account.

Applying for an IPO using UPI is super quick.

Haven’t started using UPI yet? Open one using your bank or UPI applications like Google Pay, BHIM, PhonePe etc.

Click here to learn how to create your UPI

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