Happy Forgings IPO
Auto Forgings / Heavy Engineering - Listed on 27 December 2023
Happy Forgings IPO listing summary
Happy Forgings (Auto Forgings / Heavy Engineering) closed its IPO window in 2023 and listed on NSE and BSE on 27 December 2023 at an upper band issue price of Rs 850, opening at Rs 1000 for a listing gain of +17.6% and closing day one at Rs 1030.8 (+21.3% on closing basis). The IPO was subscribed 81.91x overall - QIB 220.48x, HNI/NII 62.09x, Retail 14.88x. The total issue size was Rs 1,008.59 Cr (Fresh Issue Rs 400 Cr, OFS Rs 608.59 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Happy Forgings IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 450 | +52.94% |
| Day 2 | Rs 425 | +50.00% |
| Day 3 | Rs 440 | +51.76% |
| Day 4 | Rs 440 | +51.76% |
| Day 5 | Rs 430 | +50.59% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Happy Forgings IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Happy Forgings IPO - FAQs
What was the listing gain of Happy Forgings IPO?
Happy Forgings IPO listed at +17.6% versus the upper issue price of Rs 850 on 27 December 2023.
How many times was Happy Forgings IPO subscribed?
Happy Forgings IPO was subscribed 81.91x overall. QIB portion was subscribed 220.48x, HNI / NII 62.09x and Retail 14.88x.
What was the IPO GMP for Happy Forgings?
IPO GMP started at Rs 450 on Day 1 and moved to Rs 430 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.