Comparison between Happy Forgings IPO and IREDA IPO.
Happy Forgings IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while IREDA IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Happy Forgings IPO is up to ₹1,008.59 Cr whereas the issue size of the IREDA IPO is up to ₹2,150.21 Cr. The final issue price of Happy Forgings IPO is ₹850.00 per share and of IREDA IPO is ₹32.00 per share.
| Happy Forgings IPO | IREDA IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹808.00 per share | ₹30.00 per share |
| Issue Price (Upper) | ₹850.00 per share | ₹32.00 per share |
| Issue Price (Final) | ₹850.00 per share | ₹32.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 17 shares | 460 shares |
| Fresh Issue Size | 47,05,882 shares | 40,31,64,706 shares |
| Fresh Issue Size (Amount) | up to ₹400.00 Cr | up to ₹1,290.13 Cr |
| OFS Issue Size | 71,59,920 shares | 26,87,76,471 shares |
| OFS Issue Size (Amount) | up to ₹608.59 Cr | up to ₹860.08 Cr |
| Issue Size Total | 1,18,65,802 shares | 67,19,41,177 shares |
| Issue Size Total (Amount) | up to ₹1,008.59 Cr | up to ₹2,150.21 Cr |
Happy Forgings IPO opens on Dec 19, 2023, while IREDA IPO opens on Nov 21, 2023. The closing date of Happy Forgings IPO and IREDA IPO is Dec 21, 2023, and Nov 23, 2023, respectively.
| Happy Forgings IPO | IREDA IPO | |
|---|---|---|
| Anchor Bid Date | Dec 18, 2023 | Nov 20, 2023 |
| Issue Open | Dec 19, 2023 | Nov 21, 2023 |
| Issue Close | Dec 21, 2023 | Nov 23, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Nov 24, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Nov 25, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Nov 28, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Nov 29, 2023 |
| Anchor Lockin End date 1 | Jan 21, 2024 | Dec 24, 2023 |
| Anchor Lockin End date 2 | Mar 21, 2024 | Feb 22, 2024 |
Happy Forgings IPO P/E ratio is 36.45, as compared to IREDA IPO P/E ratio of 8.47.
| Happy Forgings IPO | IREDA IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated Standalone)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.24 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 78.60 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 36.45 | 8.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹8007.42 Cr. | ₹8600.85 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.12% | 15.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.24% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 6.77 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹23.32 | ₹3.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.12% | 15.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Happy Forgings IPO Retail Individual Investors (RII) are offered 41,53,031 shares while in IREDA IPO retail investors are offered 41,53,031 shares. Qualified Institutional Buyers (QIB) are offered 23,73,160 shares in Happy Forgings IPO and 13,40,13,152 shares in IREDA IPO.
| Happy Forgings IPO | IREDA IPO | |
|---|---|---|
| Anchor Investor Reservation | 35,59,740 shares | 20,10,19,726 shares |
| Market Maker Reservation | ||
| QIB | 23,73,160 shares | 13,40,13,152 shares |
| NII | 17,79,871 shares | 10,05,09,864 shares |
| RII | 41,53,031 shares | 23,45,23,015 shares |
| Employee | 18,75,420 shares | |
| Others | ||
| Total | 1,18,65,802 shares | 67,19,41,177 shares |
Happy Forgings IPO subscribed 82.63x in total, whereas IREDA IPO subscribed 38.80x.
| Happy Forgings IPO | IREDA IPO | |
|---|---|---|
| QIB (times) | 214.65x | 104.57x |
| NII (times) | 63.45x | 24.16x |
| Big NII (times) | 69.87x | 26.99x |
| Small NII (times) | 50.61x | 18.50x |
| RII (times) | 15.40x | 7.73x |
| Employee (times) | 9.80x | |
| Other (times) | ||
| Total (times) | 82.63x | 38.80x |
