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15 Days Price Change

Happy Forgings IPO

Closing In

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WEBSITE Inc. Year: 1979 Industry: Forgings Listed Page

Profile
Issue Size --
Profile
Price Range 808  to  850 per share
Profile
Min Investment ₹850
Profile
Lot Size 1
Profile
Face Value ₹2
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Happy Forgings Ltd is a leading company specializing in the manufacture of high-quality forged products. With a commitment to excellence, the company has established itself as a reliable provider of precision-engineered forgings for diverse industries. Happy Forgings boasts state-of-the-art facilities equipped with advanced technology, ensuring superior product quality and efficiency. The company's skilled workforce and stringent quality control processes contribute to its reputation for delivering reliable and durable forged components. Committed to customer satisfaction, Happy Forgings Ltd continues to meet the evolving needs of clients by offering tailor-made solutions and maintaining a strong focus on innovation in the forging industry. Read More

Basic Info

Face Value 2 per share

Price 808  to  850 per share

P/E (x) 29.9

Sales( Cr.) 1409

PAT( Cr.) 267

EPS 28.4

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Paritosh Kumar Ashish Garg Megha Garg Ayush Capital and Financial Services Private Limited

Pre Issue Share Holding 65.09%

Post Issue Share Holding 52.43%

Listing Details:

Listing Price: 1001.25

Listing Gain: 15.11%

Current Price: 1387.4

Gain On Issue: 1387.4 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Dec 19, 2023
Closing Date Dec 21, 2023
Allotment Dec 22, 2023
Refund Dec 25, 2023
Delivery of Shares Dec 25, 2023
Listing Date Dec 26, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 17 14,450
Retail (Max) 13 221 187,850
S-HNI (Min) 14 238 202,300
S-HNI (Max) 69 1173 997,050
B-HNI (Min) 70 1190 1,011,500

Objective of the Issue

1. Purchase of equipment, plant and machinery 2. Prepayment of all or a portion of certain outstanding borrowings availed by the Company 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 5932901 1273497200 214.7x
NII 1779870 112932752 63.5x
Retail 4153031 63956677 15.4x
EMP 0 0 0x
Total 11865802 980471219 82.6x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Happy Forgings Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 585 860 1197 1358 1409
Other Income 6 6 6 13 37
Total Income 591 866 1202 1372 1446
Total Expenditure 426 629 856 971 1002
Operating Profit 165 237 347 401 444
Interest 12 7 12 12 8
Depreciation 36 38 54 65 77
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 117 192 280 324 360
Provision for Tax 31 50 71 81 92
Profit After Tax 86 142 209 243 267
Adjustments 0 0 0 0 0
Profit After Adjustments 86 142 209 243 267
Adjusted Earnings Per Share 9.7 15.9 23.3 25.8 28.4

Happy Forgings Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 645 788 988 1612 1850
Minority's Interest 0 0 0 0 0
Borrowings 30 74 58 0 0
Other Non-Current Liabilities 23 23 23 32 39
Total Current Liabilities 176 245 257 242 326
Total Liabilities 874 1130 1326 1886 2215
Fixed Assets 415 456 678 744 908
Other Non-Current Assets 124 248 158 401 389
Total Current Assets 335 425 489 742 919
Total Assets 874 1130 1326 1886 2215

Happy Forgings Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 3 0 0 1
Cash Flow from Operating Activities 60 80 209 189 292
Cash Flow from Investing Activities -59 -166 -172 -470 -320
Cash Flow from Financing Activities -0 83 -37 281 40
Net Cash Inflow / Outflow 1 -3 -0 1 12
Closing Cash & Cash Equivalent 3 0 0 1 13

Happy Forgings Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 9.66 15.9 23.32 25.79 28.38
CEPS(Rs) 13.65 20.12 29.37 32.66 36.55
DPS(Rs) 0 0 0 4 3
Book NAV/Share(Rs) 72.09 88 110.43 170.57 195.2
Core EBITDA Margin(%) 27.03 26.82 28.42 28.41 28.68
EBIT Margin(%) 21.94 23.14 24.39 24.65 25.89
Pre Tax Margin(%) 19.93 22.31 23.35 23.78 25.36
PAT Margin (%) 14.72 16.53 17.4 17.82 18.86
Cash Profit Margin (%) 20.81 20.91 21.92 22.56 24.3
ROA(%) 9.89 14.2 16.99 15.13 13.04
ROE(%) 13.4 19.86 23.5 18.73 15.52
ROCE(%) 16.13 21.81 26.18 22.69 19.15
Receivable days 103.03 82.2 80.66 88.98 100.84
Inventory Days 75.56 64.77 53.8 52.69 58.77
Payable days 55.03 38.61 30.46 31.59 31.12
PER(x) 0 0 0 34.43 27.69
Price/Book(x) 0 0 0 5.21 4.02
Dividend Yield(%) 0 0 0 0.45 0.38
EV/Net Sales(x) 0.23 0.3 0.2 6.18 5.32
EV/Core EBITDA(x) 0.82 1.08 0.68 20.92 16.88
Net Sales Growth(%) 0 47.03 39.12 13.51 3.73
EBIT Growth(%) 0 54.62 46.83 14.93 9.2
PAT Growth(%) 0 64.6 46.67 16.43 10.06
EPS Growth(%) 0 64.6 46.67 10.61 10.02
Debt/Equity(x) 0.24 0.31 0.22 0.09 0.12
Current Ratio(x) 1.91 1.73 1.91 3.07 2.81
Quick Ratio(x) 1.21 0.98 1.25 2.14 2.1
Interest Cover(x) 10.93 27.83 23.45 28.55 48.73
Total Debt/Mcap(x) 0 0 0 0.02 0.03

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 4% 18% 0% 0%
Operating Profit CAGR 11% 23% 0% 0%
PAT CAGR 10% 23% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 47% NA% NA% NA%
ROE Average 16% 19% 18% 18%
ROCE Average 19% 23% 21% 21%

Company Contact Information

Happy Forgings Ltd.

B- X X I X-2254/1, Kanganwal Road Po Jugiana

IPO Lead Manager(s)

Happy Forgings Ltd.

Axis Capital Ltd.

Equirus Capital Pvt Ltd

JM Financial Ltd.

Motilal Oswal Investment Advisors Pvt Ltd

Registrar Info

Happy Forgings Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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