Happy Forgings Limited IPO Message Board (Page 20)

Expected subscription figure.

Already Informed About Firstcry DRHP Filing
Now it's official that they are Filing 4500 cr IPO in next 3 weeks with OLA Electric coming Up in next 3 days

Get ready to witness 3 IPOs with size of 5000cr+ in March-May namely
1.PayU
2.Firstcry
3.OLA Electric

More 3000cr + IPOs to jump in soon :
1.Swiggy
2.JSW Cement
3.AFCONS
4.Hero Fincorp
5.Bharti Hexacom
6.Blackstone REIT
7.Kalpataru Real Estate
8.Aadhar Housing Finance

@newgen consultancy,thanks sir for valuable inputs. Any shareholder quota in Jsw cement or in Hero fincorp.
With regards 🙏👏

JSW CEMENT....MAY B FIRST CHOICE 🙏

Hi,

I am thinking of opening demat and trading account in the name of my partnership firm.

Can anyone guide me whether there are any disadvantages?

My sole aim is for ipo application.

and STCG will be taxed at 15% or 30% in case of partnership firm?

It will be taxed at 30%.

Respected seniors,
Would you plz prioritize order of preference of upcoming ipos...?

This is quite good advice and important to keep in mind during the current IPO fever.

Kapoor ji,
Your insight is very helpful to act upon. Thank you very much.

Hi @newgen consultancy sir, and all other senior members,
Can you please provide the preference based on low risk and allotment chances for the current IPOs, Muthoot, Motisons, Suraj, Happy Forgings, RBZ and Credo..
Your views will be very helpful.
Thanks

Anchor 1

Anchor 2

This Company's Anchor Book Will Be The Best.
I am expecting some positively Surprising Names

Can anyone update me with the GMP’s of all the ipo’s from DOMS to INNOVA CAPTAB

Against each IPO, this site funishes day wise GMP. For example, here for this IPO, current GMP is 49% You may check for yourself. All the best !

​@Only ipos  Check this link..

https://www.investorgain.com/report/live-ipo-gmp/331/all/

Business looks very promising. Outlook by management is quite impressive. Should consider to apply. How about you?

Pre-Offer Total shares            8,94,99,000
Pre-Offer Promoter Holding      7,89,70,000       Which is 88.24%
Post-Offer Total shares            9,42,04,882      
Post-Offer Promoter Holding      7,18,10,080      Which is 𝟳𝟲.𝟮𝟯%
Fresh Issue      47,05,882
OFS Issue      71,59,920

Issue size still not out?

Offtopic
​@newgen consultancy @Crow Any idea what's going on with Netweb technologies,it's hitting uc from last 4 days.
It's PE ratio is higher then it's counterpart.
If anyone knows please reply.
Thanks in advance

On this specific query related to Netweb, I am not invested in this stock. Shocked by the PE. They do not have the customer base to pull of a 30% CAGR growth in my opinion. NVIDIA based tie-up for hardware development in India is good only on news front. In India i am not sure you will have blazing sales of the hardware. HP Servers as sales also not in big numbers. I think two to three quarters of results will set the right price level for this stock. Booking partial profits and leaving some for growth may be a right strategy,

Balmer Lawrie : 20% UC Enjoy

#P5
Happy Forgings - RHP scan by Dweeb

Happy Forgings are the fourth largest engineering led manufacturer of complex and safety critical, heavy forged and high precision machined components in India as of Fiscal 2023 in terms of forgings capacity. With over 40 years of experience of manufacturing and supplying quality and complex components.

Revenue (Higher is Better) [Growth Margin %]
2023 - 1196 Cr [39.12%]
2022 - 860 Cr [47.03%]
2021 - 584 Cr [NA]

PAT (Higher is Better) [PAT Margin %]
2023 - 208 Cr [17.44%]
2022 - 142 Cr [16.54%]
2021 - 86 Cr [14.78%]

ROE (Higher is Better)
2023 - 21.12% [Highest among peers]
2022 - 18.07%
2021 - 13.40%

ROCE (Higher is Better)
2023 - 24.24% [Highest among peers]
2022 - 19.38%
2021 - 16.13%

EPS in rupees (Higher is Better)
2023 - 23.32
2022 - 15.90
2021 - 9.65 [Standalone]

Some customers of Happy Forgings (Commencement of Relationship) - Ashok Leyland (2009), Mahindra & Mahindra Limited (2012), JCB India Limited (2012), Cummins Private Limited, ISUZU Limited, Swaraj Engines Limited, Etc.

Revenue from customers who have been associated for more than 10 years (For year 2023) - 810 Cr ~ 75.98% [19 Customers]

Top 5 customers contributes 47.28% of revenue & Top 10 customers contributes 70.08% of revenue

Risk factors :
• Profitability is substantially dependent on the availability and cost of our steel (Raw material)
• A reduction in demand for crankshafts would have a material adverse effect on our business, as it accounts for about 45.29% of revenue as of fiscal 2023
• All of the three manufacturing facilities are located in Ludhiana, Punjab (Geographic concentration)
• Don't have trademark registration for the new corporate logo, (But company have already filed applications for it aka it is under processing)
• Any slowdown in commercial vehicles, farm equipment, and off-highway vehicles can adversely impact a company's business, results of operations, cash flows, and financial condition

#Dweeb

Dear this forum members Please guide that saving bank a/c of ICICI bank with flexi FD called money multiplier can be used for blocking IPO application money in FD amount balance or not Thanks

I asked branch manager regarding exactly this he said no

In mainboard IPO if retail or SNII category is oversubscribed application wise then lottery will take place. If BNII category is oversubscribed at least 5 times application wise then lottery will take place. In mainboard IPO there is no extra advantage in single application of more than minimum lot or lots in retail or SNII category if that category is oversubscribed application wise. In mainboard IPO there is no extra advantage in single application of more than minimum lots in BNII category if that category is oversubscribed at least 5 times application wise

Very aggressively priced, LGBBROS , GNA shafts and Uniparts are available in the 15 PE price range. nothing left on the table for us ,can invest only for listing gains if current hype for IPO's extend

Sahi kaha, listing gain ke liye hi theek lag raha hai ye agar market conditions ne saath diya toh. Nahin toh mehnga lag raha hai 850 pe.

555

3 panja

365 Buyer ( Huge Demand ) 🚀🚀

445 Buyer

520 Buyer

450 buyer....

📢 Happy Forgings Limited IPO

🗓️Date : 19 - 21 Dec ,2023
🏷️Price Band : ₹808!- ₹850
📦Market Lot : 17 Shares
💰Appl Amt : ₹14,450
📏Size : ₹ 1008.59 Cr Approx
👦Retail Portion : 35%
🔖Retail Form : 2,44,296
📄HNI Small Form : 2,493
📄HNI Big Form : 4,986
🏷️Face Value : ₹2

Price band ..805 to 850 with issue size 1000 crore