Happy Forgings Ltd opened its initial public offering (IPO) today, December 19, aiming to raise Rs 1,008.59 crore. Specialising in heavy forgings and high-precision machined components, the book-built IPO will be open for subscription until December 21, with allotment expected on December 22. Priced between Rs 808 to Rs 850 per share, the IPO consists of a fresh equity issue of Rs 400 crore and an offer for sale (OFS) of 71.59 lakh shares. Retail investors can participate with a minimum investment of Rs 14,450 for a lot size of 17 shares. The IPO, listing on BSE and NSE, is scheduled for December 27. Notably, Happy Forgings achieved Rs 303 crore from anchor investors, and its grey market premium stands at Rs 430 per share. Motisons Jewellers IPO: Here’s What You Need to Know Before Subscribing the Issue.

Happy Forgings IPO Opens Today

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