Happy Forgings share price Highlights: Strong GMP takes listing day price to ₹1000, 18% above IPO price

Updated on: Dec 27, 2023 3:28:15 PM IST

Happy Forgings share price Highlights: Check the GMP and estimated IPO listing price here.

The listing date for Happy Forgings IPO is today, with the share price to be released soon.

Happy Forgings share price Highlights: The listing date for the initial public offering (IPO) of Happy Forgings was today, i.e., December 27. The share price of the company were updated on the stock market by the afternoon, after the markets opened at 9:15 am. Investors and subscribers had high hopes from the Happy forgings IPO listing day, and the estimated share prices were likely to be over 40 percent of the listing price of the issue....Read More

The Happy Forgings IPO launched on the Indian stock market on December 19, and closed on December 21. Since then, its GMP had been on a steady rise, showing promise for the share price and good returns for the investors.

The BSE notice on Happy Forgings listing said, “Trading Members of the Exchange are hereby informed that effective from Wednesday, December 27, 2023, the equity shares of Happy Forgings Limited shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities.

Follow all the updates here:

Dec 27, 2023 3:28:14 PM IST

Happy Forgings share price LIVE: What will the company do with net proceeds?

Of the total ₹1009 crore, Happy Forgings plans to use ₹171 crore for equipment acquisition and ₹153 crore for debt repayment, while the remaining amount will be saved for general corporate purposes.

Dec 27, 2023 2:54:45 PM IST

Happy Forgings share price LIVE: What is the company profile?

The company is based in Ludhiana, Punjab, and serves various sectors such as automotive, railways, and more. Its notable customers include AAM India, Ashok Leyland, Mahindra & Mahindra, etc.

Dec 27, 2023 2:11:22 PM IST

Happy Forgings share price LIVE: Who bought how many shares?

As per Moneycontrol, retail investors and high net-worth individuals picked 15.09 and 62.17 times, respectively, from their allotted quotas, while qualified institutional buyers (QIBs) picked 220.48 times their reserved portion.

Dec 27, 2023 1:33:52 PM IST

Happy Forgings share price LIVE: Share price lower than grey market

While the listing price of Happy Forgings is stuck at ₹1000, the grey market had predicted a share price of over ₹1100.

Dec 27, 2023 1:03:57 PM IST

Happy Forgings share price LIVE: Nifty hits new high

Nifty has a hit a new high on Wednesday crossing the 21,600 mark, with Happy Forgings crossing the ₹1000 mark.

Dec 27, 2023 12:26:09 PM IST

Happy Forgings share price LIVE: Price may go above ₹1000

Due to its strong start on the stock market today, it is expected that the Happy Forgings share prices may go above ₹1000 today or tomorrow.

Dec 27, 2023 11:48:04 AM IST

Happy Forgings share price LIVE: Listing day latest update

A strong start on the stock market, Happy Forgings share price on NSE debuted at ₹1,000, while on the BSE, it got listed at a premium of 17.79%, at ₹1,001.25.

Dec 27, 2023 11:22:18 AM IST

Happy Forgings share price LIVE: Hefty profit recorded by subscribers

The subscribers of Happy Forgings IPO have recorded a decent profit through the listing price, which holds steady at ₹1000.

Dec 27, 2023 11:05:11 AM IST

Happy Forgings share price LIVE: Firm leads in listing

Among all the other companies that have listing dates today, Happy Forging is leading in share price at ₹1000.

Dec 27, 2023 10:39:14 AM IST

Happy Forgings share price LIVE: Listing price expected to rise

With a notable debut on the stock market, it is expected that the Happy Forgings share price will go above ₹1000 by the time markets close.

Dec 27, 2023 10:15:35 AM IST

Happy Forgings share price LIVE: Price settles at ₹1000

According to Zee Business, the share price of Happy Forgings has been set at ₹1000, which is 17.65 percent more than the price band.

Dec 27, 2023 9:48:55 AM IST

Happy Forgings share price LIVE: Share price to be ₹1100

It is likely that the share price of Happy Forgings on listing date will be between ₹1050 and ₹1100.

Dec 27, 2023 9:33:52 AM IST

Happy Forgings share price LIVE: Markets open, listing soon

The market opening bell was sounded for the day, showing a small hike in Sensex and Nifty, on Happy Forgings IPO listing day.

Dec 27, 2023 9:14:34 AM IST

Happy Forgings share price LIVE updates: Expected listing price

It is expected that after the listing of Happy Forgings on the stock market, the share price of the company will be around ₹1085, as per early trends.

Dec 27, 2023 8:52:29 AM IST