31 Mar 2021
Assets876.38
Total Income590.81
Profit After Tax86.45
NET Worth645.16
Reserves and Surplus636.21
Total Borrowing153.47
At a glance
Updated 2026-08-24Happy Forgings is a Mainboard IPO with an issue size of ₹1,008.59 crore, proposed for listing on BSE, NSE. The issue structure includes a fresh issue of ₹400.00 crore and an offer-for-sale component of ₹608.59 crore.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹1,008.59 Cr
Fresh issue₹400.00 Cr
Offer for sale₹608.59 Cr
Face value₹2
Price band₹808.00–₹850.00
Grey market
GMP page ↗Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.
Subscription demand
Full bidding ↗NO DATAWaiting for a verified live exchange update.
Company
Use of proceeds
| Object | Amount |
|---|---|
| Purchase of equipment, plant and machinery | ₹187.03 Cr |
| Prepayment of all or a portion of certain outstanding borrowings availed by our Company; and | ₹152.76 Cr |
| General corporate purposes. | ₹53.94 Cr |
Financials
Full financials ↗31 Mar 2022
Assets1,129.87
Total Income866.11
Profit After Tax142.29
NET Worth787.62
Reserves and Surplus769.72
Total Borrowing240.35
31 Mar 2023
Assets1,326.17
Total Income1,202.27
Profit After Tax208.70
NET Worth988.31
Reserves and Surplus978.66
Total Borrowing218.52
30 Sep 2023
Assets1,489.80
Total Income675.73
Profit After Tax119.30
NET Worth1,103.33
Reserves and Surplus1,088.25
Total Borrowing258.97
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS23.32
Pre-IPO P/E36.45
Post-IPO P/E33.56
Promoter holding pre88.24%
Promoter holding post78.6%
Market cap₹8007.42 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLMs and commissions (including underwriting commission, as applicable) | ₹29.75 Cr |
| Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs (1)(2)(3)(4) | ₹3.53 Cr |
| Fees payable to Registrar to the Offer | ₹0.47 Cr |
| Advertising and marketing expenses | ₹4.32 Cr |
| Fee payable to auditors, consultants and market research firms | ₹2.19 Cr |
| Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | ₹5.46 Cr |
| Printing and distribution of stationery | ₹2.17 Cr |
| Fees payable to legal counsel; and | ₹5.72 Cr |
| Miscellaneous | ₹2.43 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- JM Financial Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.