Happy Forgings IPO Subscription Details

Bookbuilding IPO | ₹1,009 Cr | Listed at BSE, NSE | Tue, Dec 19, 2023 - Thu, Dec 21, 2023

Basis of Allotment - Happy Forgings IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares)23,73,16035,59,74059,32,9005,93,29111,86,58017,79,87141,53,0311,18,65,802
Allotment price (Rs.)850850850850850850850850
No.of applications173342071,18,41265,6891,84,10129,26,62431,10,932
No.of shares applied50,83,67,98337,87,48151,21,55,4642,98,43,0078,25,34,13311,23,77,1406,23,76,00968,69,08,613
Amount collected (Rs.cr.)43,211.28 321.94 43,533.21 2,536.66 7,015.40 9,552.06 5,301.96 58,387.23
No.of times subscribed214.221.0686.3250.3069.5663.1415.0257.89
No.of shares allotted23,73,16035,59,74059,32,9005,93,29111,86,58017,79,87141,53,0311,18,65,802
Amount (Rs.cr.)201.72 302.58 504.30 50.43 100.86 151.29 353.01 1,008.59
No.of allottees173342072,4924,9857,4772,44,2952,51,979

IPO Shares Offered

Happy Forgings IPO is a public issue of 1.19 Cr equity shares. The issue offers 0.42 Cr shares to retail investors, 0.59 Cr shares to qualified institutional buyers, and 0.18 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
QIB 59,32,900504.30 50.00%
    Anchor 35,59,740 302.58 30.00%
    QIB (Ex Anchor) 23,73,160 201.72 20.00%
NII 17,79,871151.29 15.00%
    bNII (> ₹10L)11,86,580100.86 10.00%
    sNII (< ₹10L)5,93,29150.43 5.00%
Retail41,53,031353.01 35.00%
Total1,18,65,8021,008.59 100%

Happy Forgings IPO Anchor Investor Allocation

A total of 35,59,740 shares at a price of Rs 850 per share will be allotted to the anchor investors.

Anchor investors bid opening dateDec 18, 2023
Anchor investor price₹850.00
Anchor investors as % of QIBs60.00%
No. of shares locked-in for 30 days17,79,870
No. of shares locked-in for 90 days17,79,870
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 SBI MAGNUM CHILDREN'S BENEFIT FUND-INVESTMENT PLAN SBI MUTUAL FUND 1,64,407 13.97 4.62 1.39
2 SBI RESURGENT INDIA OPPORTUNITIES FUND SBI 35,292 3.00 0.99 0.30
3 SBI LONG TERM ADVANTAGE FUND-SERIES VI SBI MUTUAL FUND 35,292 3.00 0.99 0.30
4 HDFC TRANSPORTATION & LOGISTICS FUND HDFC MUTUAL FUND 75,191 6.39 2.11 0.63
5 HDFC HYBRID EQUITY FUND HDFC MUTUAL FUND 35,105 2.98 0.99 0.30
6 HDFC BUSINESS CYCLE FUND HDFC MUTUAL FUND 35,088 2.98 0.99 0.30
7 HDFC VALUE FUND HDFC MUTUAL FUND 35,088 2.98 0.99 0.30
8 ICICI PRUDENTIAL INNOVATION FUND ICICI PRUDENTIAL MUTUAL FUND 1,80,472 15.34 5.07 1.52
9 FIDELITY FUNDS-INDIA FOCUS FUND FIDELITY 1,80,472 15.34 5.07 1.52
10 MORGAN STANLEY INDIA INVESTMENT FUND,INC. MORGAN STANLEY 1,80,472 15.34 5.07 1.52
11 NIPPON INDIA SMALL CAP FUND NIPPON INDIA MUTUAL FUND 1,12,948 9.60 3.17 0.95
12 NIPPON INDIA VALUE FUND NIPPON INDIA MUTUAL FUND 29,886 2.54 0.84 0.25
13 NIPPON INDIA FLEXI CAP FUND NIPPON INDIA MUTUAL FUND 37,638 3.20 1.06 0.32
14 KOTAK MANUFACTURE IN INDIA FUND KOTAK MAHINDRA MUTUAL FUND 90,236 7.67 2.53 0.76
15 KOTAK BUSINESS CYCLE FUND KOTAK MAHINDRA MUTUAL FUND 90,236 7.67 2.53 0.76
16 ADITYA BIRLA SUN LIFE MANUFACTURING EQUITY FUND ADITYA BIRLA SUN LIFE MUTUAL FUND 90,236 7.67 2.53 0.76
17 ADITYA BIRLA SUN LIFE TRANSPORTATION & LOGISTICS FUND ADITYA BIRLA SUN LIFE MUTUAL FUND 90,236 7.67 2.53 0.76
18 AXIS INDIA MANUFACTURING FUND AXIS MUTUAL FUND 1,80,472 15.34 5.07 1.52
19 ASHOKA WHITEOAK ICAV-ASHOKA WHITEOAK INDIA OPPORTUNITIES FUND ASHOKA WHITEOAK 1,80,472 15.34 5.07 1.52
20 DSP SMALL CAP FUND DSP MUTUAL FUND 1,40,998 11.98 3.96 1.19
21 MOTILAL OSWAL MIDCAP FUND MOTILAL OSWAL MUTUAL FUND 1,40,998 11.98 3.96 1.19
22 SBI LIFE INSURANCE CO.LTD. SBI LIFE INSURANCE 1,40,998 11.98 3.96 1.19
23 HDFC LIFE INSURANCE CO.LTD. HDFC LIFE INSURANCE 1,40,998 11.98 3.96 1.19
24 ICICI PRUDENTIAL LIFE INSURANCE CO.LTD. ICICI PRUDENTIAL LIFE INSURANCE 1,40,998 11.98 3.96 1.19
25 OPTIMIX WHOLESALE GLOBAL EMERGING MARKETS SHARE TRUST OPTIMIX 1,40,998 11.98 3.96 1.19
26 JANCHOR PARTNERS PAN-ASIAN MASTER FUND JANCHOR PARTNERS 1,40,998 11.98 3.96 1.19
27 ALPS/KOTAK INDIA ESG FUND ALPS/KOTAK INDIA 89,189 7.58 2.51 0.75
28 EDELWEISS RECENTLY LISTED IPO FUND EDELWEISS MUTUAL FUND 89,190 7.58 2.51 0.75
29 INVESCO INDIA BALANCED ADVANTAGE FUND INVESCO MUTUAL FUND 89,189 7.58 2.51 0.75
30 HSBC INFRASTRUCTURE FUND HSBC MUTUAL FUND 89,190 7.58 2.51 0.75
31 CANARA ROBECO MID CAP FUND CANARA ROBECO MUTUAL FUND 89,189 7.58 2.51 0.75
32 QUANT MANUFACTURING FUND QUANT MUTUAL FUND 89,189 7.58 2.51 0.75
33 EAST BRIDGE CAPITAL MASTER FUND I LTD. EAST BRIDGE 89,190 7.58 2.51 0.75
34 ADITYA BIRLA SUN LIFE INSURANCE CO.LTD. ADITYA BIRLA SUN LIFE INSURANCE 89,189 7.58 2.51 0.75
35,59,740302.5810030.00

IPO Subscription FAQs

The Happy Forgings IPO is subscribed 82.63 times by Dec 21, 2023 19:02.

Happy Forgings IPO Subscription

Investor Category Subscription (times)
Qualified Institutional214.65
Non Institutional63.45
Retail Individual15.4
Total Subscription82.63

Retail category of Happy Forgings IPO subscribed 15.4 times as of date Dec 21, 2023 19:02. The public issue closes on Thu, Dec 21, 2023 for bidding.

An investor can apply in Happy Forgings IPO online via bank (using ASBA) or the broker (using UPI). The Happy Forgings IPO shares are offered online only.

The Happy Forgings IPO is subscribed 82.63 times by Dec 21, 2023 19:02.

The Happy Forgings IPO allotment status is expected on or around Friday, December 22, 2023. Visit Happy Forgings IPO allotment status to check.

The Happy Forgings IPO listing date is December 27, 2023. The equity share of Happy Forgings IPO will list on BSE, NSE.

Visit Happy Forgings IPO subscription status page for real-time bidding information about Happy Forgings IPO.

Happy Forgings IPO Timetable

IPO opens OnTuesday, December 19, 2023
IPO Closes OnThursday, December 21, 2023
Finalisation of Basis of AllotmentFriday, December 22, 2023
Initiation of RefundsTuesday, December 26, 2023
Credit of Shares to Demat AccountTuesday, December 26, 2023
IPO Listing DateWednesday, December 27, 2023
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