The IPO of Ludhiana-based Happy Forgings worth Rs 1,008.6 crore concluded with an overall subscription of 82.04 times on December 21. Happy Forgings IPO shares are set to be listed on bourses– NSE and BSE on December 27 tentatively, after the finalisation of the allotment of shares on December 22.
The primary offering of the forgings and precision machined components maker had received a solid response from the bidders.
Happy Forgings sold its IPO in the price band of Rs 808-850 per share with a lot size of 17 shares, which was open for bidding between December 19 to December 21. The company aimed to raise about 1,008.59 crore from its primary offering, which included a fresh shares sale of Rs 400 crore and an offer-for-sale (OFS) of up to 47,05,882 equity shares.
The issue was overall subscribed a stellar 82.04 times as the portion for qualified institutional bidders (QIBs) was booked a whopping 220.48 times, while the non-institutional investors’ category was subscribed 62.17 times. The quota reserved for retail investors was subscribed 15.09 times during the bidding process.
Happy Forgings IPO allotment: Here’s a step-by-step guide on how to check the allotment status
Those who participated in the Happy Forgings IPO can check the status of their application online in two ways: through the BSE website and through the website of the registrar.
Happy Forgings IPO allotment staus check online: BSE
Step 1: Visit the official website of the BSE to check the status of the IPO application online. Login using the direct link: bseindia.com/investors/appli_check.aspx
Step 2: Select ‘Equity’ under ‘Issue Type’
Step 3: Select ‘Issue Name’. Either enter the application number in the box or provide your PAN details to proceed further
Step 4: Click ‘submit’.
The status of your Inox India IPO application status will appear on the screen.
Happy Forgings IPO allotment staus check online: Link Intime
A bidder is required to log in at the direct Link Intime website and follow through these steps to check the status of the IPO application online.
Step 1: Log in at the direct Link Intime web link — linkintime.co.in/MIPO/Ipoallotment.html;
Step 2: Select– Happy Forgings IPO IPO
Step 3: Bidder then has to enter PAN details
Step 4: Click on the ‘Search’ option.
The status of your Happy Forgings IPO application status will appear on the screen.
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