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Happy Forgings Ltd
Happy Forgings Ltd
Registered Office : B-XXIX 2254/1 Kanganwal Rd P O,Jugiana,Ludhiana Punjab 141120 Phone : +91 161 521 7162
Fax :
Email : complianceofficer@happyforgingsltd.co.in
Website : www.happyforgingsltd.com
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
Opens On
Closes On
19-Dec-2023
21-Dec-2023
Application
Allotment
850.00
0.00
Minimum Application for shares in Nos : 17.0 Further Multiples of : 17.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
377.82
1,008.59
18.84
850.00
Axis Capital Ltd
Equirus Capital Pvt Ltd
JM Financial Ltd
Motilal Oswal Investment Advisors Ltd
- Purchase of equipment plant and machinery
- Prepayment of all or a portion of certain outstanding borrowings availed by the company
- General corporate purposes
- Paritosh Kumar
- Ashish Garg
- Megha Garg
- BSE
- NSE
- MUFG Intime India Pvt Ltd