Happy Forgings Ltd is all set to announce the allotment of its initial public offering (IPO) shares today, Friday, December 22. Investors eagerly awaiting the IPO allotment can conveniently check the status online through various platforms such as BSE, NSE, and the IPO registrar’s portal, Link Intime India Private Ltd. This guide will outline the simple process to check the Happy Forgings IPO allotment status online. Additionally, we’ll delve into the Grey Market Premium (GMP) for the Happy Forgings IPO and offer more insights into the IPO itself.
Steps to Check Happy Forgings IPO Allotment Status on BSE:
Visit BSE’s official website allotment page at BSE India IPO Allotment Status
Under ‘Issue Type’, select ‘Equity’
Choose the Happy Forgings IPO from the dropdown menu under ‘Issue Name’
Enter your PAN or application number
Verify your identity by clicking ‘I am not a Robot’, then hit ‘Submit’
The IPO allotment status will be displayed on the screen
Happy Forgings IPO GMP Today:
Market observers report that the Grey Market Premium (GMP) for Happy Forgings IPO stands at ₹406 per share as of today. This indicates that Happy Forgings shares are trading at a premium of ₹406 in the grey market. Based on the IPO price and the grey market premium, the estimated listing price for Happy Forgings shares is ₹1,256 apiece, marking a premium of 47.76% to the issue price.
Happy Forgings IPO Details:
The Happy Forgings IPO subscription window opened on December 19 and concluded on December 21. The IPO, valued at ₹1,008.59 crore, comprised a fresh issue of 47 lakh equity shares amounting to ₹400 crore and an offer for sale (OFS) of 72 lakh shares totaling ₹608.59 crore. The book running lead managers for the IPO include JM Financial, Axis Capital, Equirus Capital, and Motilal Oswal Investment Advisors, with Link Intime India Private Ltd serving as the IPO registrar. Notably, the IPO received overwhelming response with oversubscription figures of 82.63 times overall, including 15.40 times subscription in the retail category, 214.65 times in the Qualified Institutional Buyers’ (QIB) category, and 63.45 times in the Non-Institutional Investors’ (NII) category.
In conclusion, investors who’ve applied for the Happy Forgings IPO can seamlessly check the allotment status online on stock exchange websites or the IPO registrar’s portal. The robust Grey Market Premium of ₹406 per share indicates strong market demand for the IPO shares. The substantial oversubscription of the IPO showcases positive investor sentiment towards Happy Forgings Ltd. The shares are anticipated to be listed on BSE and NSE with a tentative listing date scheduled for December 27.
FAQs
Q: When will the Happy Forgings IPO allotment status be announced?
A: The IPO allotment status for Happy Forgings is expected to be announced today, on Friday, December 22. Investors can check the status online through platforms like BSE, NSE, or the IPO registrar’s portal.
Q: What is the Grey Market Premium (GMP) for Happy Forgings IPO today?
A: As of today, the Grey Market Premium (GMP) for Happy Forgings IPO stands at ₹406 per share. This reflects the premium at which the shares are trading in the grey market.
Q: What was the oversubscription status of the Happy Forgings IPO in different investor categories?
A: The Happy Forgings IPO received substantial oversubscription, reaching an overall figure of 82.63 times. The subscription rates were 15.40 times in the retail category, 214.65 times in the Qualified Institutional Buyers’ (QIB) category, and 63.45 times in the Non-Institutional Investors’ (NII) category.
Q: How much was the total value of the Happy Forgings IPO, and what did it comprise?
A: The Happy Forgings IPO was valued at ₹1,008.59 crore. It included a fresh issue of 47 lakh equity shares worth ₹400 crore and an offer for sale (OFS) of 72 lakh shares totaling ₹608.59 crore.
A: The tentative listing date for Happy Forgings shares on both BSE and NSE is scheduled for December 27. This date is subject to change and may vary based on market conditions or regulatory approvals.