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anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

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IPO Synopsis
Happy Forgings Ltd
Registered Office: B-XXIX 2254/1 Kanganwal Rd P O, Jugiana, Ludhiana - 141120, Punjab
Phone: 1
Email: 1
Website: 1
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
Issue Money Payable On
Opens On Closes On Application Allotment
19-Dec-2023 21-Dec-2023 850.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 377.82
Project Financed through Current Offer 1,008.59
Post Issue Equity Share Capital 18.84
Issue Price 850.00
Projects
Purchase of equipment plant and machinery
Prepayment of all or a portion of certain outstanding borrowings availed by the company
General corporate purposes
Promoted By
Paritosh Kumar
Ashish Garg
Megha Garg
BSE
NSE
Registrar to the Issue
Attention Investor
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