Happy Forging Limited
19 Dec 2023 – 21 Dec 2023
LISTED
Offer Price
₹808–850
Bid lot
17
Min Application
₹14,450
Issue Size
₹1,009 Cr
Key dates
Open date
19 Dec 2023
Done
Close date
21 Dec 2023
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
27 Dec 2023
Today
Issue reservation
₹1,009 CrQIB 50%Retail 35%
QIB
59.4 L sh · ₹504.50 Cr
Retail
41.5 L sh · ₹353.15 Cr
BRLM: JM Financial Limited · Axis Capital Limited · Equirus Capital Private Limited · and Motilal Oswal Investment Advisors Limited
Lot ladder — how much to bid
1 lot = 17 sharesRetail · Up to ₹2 L1–13 lots
Min · 1 lot
17 sh · ₹14,450
Max · 13 lots
221 sh · ₹1,87,850
S-HNI · ₹2 L to ₹10 L14–69 lots
Min · 14 lots
238 sh · ₹2,02,300
Max · 69 lots
1,173 sh · ₹9,97,050
B-HNI · Above ₹10 L70+ lots
Min · 70 lots
1,190 sh · ₹10,11,500
Entry point
₹10,11,500 onward
Issue details
Lead managersJM Financial Limited, Axis Capital Limited, Equirus Capital Private Limited, and Motilal Oswal Investment Advisors Limited
Face value₹10
Listing onNSE
RegistrarLink Intime India Private Limited
Live subscription
135.91×
0×1×2×3×+
Oversubscribed
Book₹857.65 Cr
Subscribed₹1,16,561 Cr
Applications—
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 59,35,294₹504.50 Cr | 1,30,86,13,621₹1,11,232 Cr | 220.48× |
| HNI | 17,80,588₹151.35 Cr | 11,06,99,168₹9,409 Cr | 62.17× |
| Retail | 41,54,706₹353.15 Cr | 6,26,94,511₹5,329 Cr | 15.09× |
| Total | 1,00,90,000₹857.65 Cr | 1,37,13,08,132₹1,16,561 Cr | 135.91× |
*QIB Book Size is Gross — the anchor allocation is not on this record yet.
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 1,11,232.16 |
| HNI | 9,409.43 |
| Retail | 5,329.03 |
| Total | 1,16,561.19 |
Amounts at the upper band (₹850). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Happy Forging Limited IPO?
One lot of 17 shares — ₹14,450 at the upper price band of ₹850.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2023-12-27 on NSE.