Happy Forgings IPO allotment – How to check allotment, GMP, listing date and more

• Happy Forgings is expected to announce its share allotment status on Friday, December 22.
• The shares of Happy Forgings were subscribed 81.95 times.
• The shares are expected to be listed on the stock exchanges on December 27.

Ludhiana-based Happy Forgings, which designs and manufactures heavy forgings and high-precision machined components is expected to announce the allotment status of its initial public offering (IPO) on Friday, December 22.

The Happy Forgings IPO opened on December 19 and closed on December 21. The price band for the IPO was ₹808 to ₹850 per share.

Robust subscription

On the last day, the Happy Forgings IPO was subscribed 81.95 times, receiving bids for 68.56 crore equity shares against 83.66 lakh shares on offer.

While the qualified institutional buyer portion was subscribed 220.48 times, the non-institutional investors portion was subscribed 62.12 times. The retail portion also witnessed excellent participation and was subscribed 14.94 times.

Grey market premium

The shares of Happy Forgings are currently commanding a grey market premium (GMP) of ₹420 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status

You can check the allotment status on the registrar’s website.

• To check the Happy Forgings IPO allotment status, visit the registrar’s website here.
• Click on ‘Select Company’ and then select ‘Happy Forgings’.
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
• Now, enter the captcha.
• Click on submit.

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Happy Forgings IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
• On the website, click on 'Equity' and then select ‘Happy Forgings’ from the dropdown menu.
• Now, enter your application number and PAN.
• Click on 'Search'.

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

Happy Forgings IPO listing date

The shares of Happy Forgings will be listed on the stock exchanges on December 27.

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