Open Date

19 Dec 23

21 Dec 23


Lot Size

Listing At


Listing Date

Price Range

₹ 52 to ₹ 55

Close Date

Allotment Date

22 Dec 23

27 Dec 23

IPO Details

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. 

About the Company

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 

Book Runners

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