happy-forgings-ltd-ipo

Skfinowings20 Dec, 2023Finance

Delve into Happy Forgings Limited's IPO unveiling from December 19 to 21, 2023, offering shares at Rs. 808 to Rs. 850 per share. The IPO aims to raise Rs. 400 crore, channeling 30% to retail investors and 15% to others. With a robust product range serving automotive and non-automotive sectors, the company boasts global operations and substantial revenue growth. Despite strengths in track record, global presence, and diverse portfolio, caution is advised due to sector dependence, geographic concentration, and borrowing reliance. Current GMP at Rs. 460 indicates market optimism, urging investors to perform diligent research before investment