Explore the details of the Happy Forgings IPO, a book-built issue set to transform the forging landscape in India. Get insights into the opening and closing dates, price band, lot sizes, and more.
Introduction: A Forging Revolution Unleashed
The financial arena is buzzing with excitement as Happy Forgings gears up for its IPO, a significant event that promises to reshape India’s forging industry. Dive into the intricacies of this book-built issue and discover what makes it a compelling investment opportunity.
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Happy Forgings IPO: Key Dates and Details
As the IPO opens for subscription on December 19, 2023, and closes on December 21, 2023, investors are on the edge of their seats. The allotment process is expected to conclude on Friday, December 22, 2023, with the listing date tentatively set for Wednesday, December 27, 2023.
Price Band and Lot Sizes Unveiled
Happy Forgings sets the price band for its IPO at ₹808 to ₹850 per share, enticing investors with a range that reflects its market value. The minimum lot size stands at 17 shares, requiring a minimum investment of ₹14,450 for retail investors.
Meet the Lead Managers Steering the IPO Ship
Jm Financial Limited, Axis Capital Limited, Equirus Capital Private Limited, and Motilal Oswal Investment Advisors Limited take the helm as the book running lead managers for the Happy Forgings IPO. A robust team that adds credibility to this forging giant’s journey into the stock market.
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Happy Forgings IPO Timeline: A Journey Unfolding
Mark your calendars as Happy Forgings IPO embarks on a timeline starting from the opening on December 19, 2023, to listing on December 27, 2023. Witness the basis of allotment on December 22, 2023, and the initiation of refunds on December 26, 2023.
Happy Forgings IPO Lot Size: Your Gateway to Investment
Investors can participate with a minimum of 17 shares, and multiples thereof, in this mainboard issue. Retail investors can explore investment options ranging from 1 lot to a maximum of 13 lots.
Conclusion: Anticipating a Forging Marvel
Happy Forgings Limited’s IPO is a beacon of change in the forging landscape, offering investors an opportunity to be part of India’s industrial evolution. Stay tuned for a transformative experience as Happy Forgings takes center stage in the financial market, potentially listing at a premium on December 27, 2023.
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