Open Date
19 Dec 23
21 Dec 23
17 shares
Lot Size
Listing At
BSE, NSE
Listing Date
Price Range
₹ 52 to ₹ 55
Close Date
Allotment Date
22 Dec 23
27 Dec 23
Established in 1979, Happy Forgings Limited is in the business of making complex and safety critical, heavy forged and high precision machined components and ranks fourth in this segment in India as of FY23. With years of experience, the company has become a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicles and high horse-power industrial crankshafts in India. It also enjoys the highest EBITDA margin among its peers for FY23 and FY22.
To fund the purchase of equipment, plant and machinery. ● Prepayment of the debt borrowed by the company. ● General corporate purpose.
The book-running lead managers to the offer are: Axis Capital Limited Equirus Capital Private Limited JM Financial Limited Motilal Oswal Investment Advisors Limited
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