Happy Forgings IPO allotment date: The IPO of Ludhiana-based Happy Forgings of 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.
Happy Forgings IPO subscription status
The IPO of Happy Forgings, a manufacturer of complex and safety critical, heavy forged and high precision machined components was fully subscribed on December 19 itself, the first day of the three-session bidding process that ends on December 21. At the end of Friday, the IPO received bids for 68,62,98,466 Happy Forgings shares as against the 83.7 lakh shares on offer, a subscription of 82.04 times the equity on offer, according to provisional exchange data.
Here’s how various categories of investors responded to the issue:
| Category | Subscription (No. of times the equity reserved) |
| Qualified institutional buyers | 220.48 |
| Non-institutional investors | 62.17 |
| Retail investors | 15.09 |
| Overall | 82.04 |
| Source: Exchange data | |
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.
What does Happy Forgings do?
Incorporated in 1979, Happy Forgings is an Indian manufacturer specialising in designing and manufacturing heavy forging and high-precision machined components.
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