Ipo
Happy Forgings IPO allotment today: Here to Know about status checking
The IPO of Ludhiana-based Happy Forgings of worth Rs1,008.6 crore is culminated with an overall subscription of 82.04 times on December 21. The 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.
New Delhi: The IPO of a manufacturer of complex and safety-critical, heavy forged and high precision machined components is seen to be fully subscribed on December 19, the first day of the three-session bidding process that ends on December 21. It is scheduled to announce the basis of allotment most probably on Friday, December 22.
The IPO share prices were listed in the price band of Rs 808-850 per share with a lot size of 17 shares. The company aimed to raise a significant amount of Rs1,008.59 crore from its primary offering, which included a fresh shares sale of Rs 400 crore and an offer-for-sale [OFS] of up to 47,05,882 equity shares.