Happy Forgings Limited IPO Message Board (Page 21)

How many BHNI lots available? Expected Subscription ?

Price Band : 808-850
M.cap : 8007.2 cr

PE FY 23 : 38.37
PE FY 24 TTM Basis : 33.56

Our Expectation of Price Band : 850

Our Conviction was very Correct

Reasonable to Attractive Pricing

Apply FF
This company's anchor book can be top nodge

From which city do you belong sir?

I think he was from gudgaon

On a lighter note.

GMP MAINBOARD IPO

💎MotiSons: 52/=
💰Muthoot: 30/=
🌤️Suraj: 15/=

RBZ Jewellers: 2/=

🤣Happy Forging: 290/=
👖Credo Brands: 110/=
🦜Azad Engineering: 295/=
💊Innova Captab: 162/=

[ As Heard from Various Brokers or GM Dealers from Jodhpur Beawar Kolkata]…

GMP is Manipulation

Once Motison GMP was 200%
Muthoot MicroFin was 20-22%
Suraj Estate was 10-15%
Reality
💎Motison +88%
💰Muthoot -8%
☀️Suraj -8%
Moral - Do not apply any IPO just looking at its GMP
[ GMP : Operators ka Khela hai ]

Approx price band 850
Size 1000 cr around IN HFL(Happy forgings Limited)
Best anchor book will come in this compar to all ipo

Hello sir. Thank you for your guidance in the past. Your dentalkart is doing wonders. Should we hold her happy forgings!

Company is unique as it makes Crankshafts. It’s a high technology and high Capex requiring product. Till now, only Bharat Forge is able to make crankshafts of consistent quality and exporting in big volumes also

Happy forging is credible competitor to Bharat forge for these, and hence will command a premium

It’s not a typical forging company.

Off topic, secondary market related.
​@newgen consultancy Is it right to enter in PI industries as of today it touched LC on the news of Chinese company rainbow agro entering pyroxsulphone market with 2000 ton project approval.

However pi industries management said it speculative news and the product patented in developed market till 2025. Management reiterated its old growth of 18-20%.

In these days it's very hard to get allotment in Ipo that's why moving towards secondary market for short term gain.

Any senior member opinion will benefit us. Kindly share your views.

Thanks in advance

PI Industries has a unique business model pertaining to their molecule in which the operate the most with ties from Japan, although their market will saturate sooner rather than later but currently one odd news cannot totally undermine the business of the company.

The news comes at the time when mostly the whole chemical sector is in downturn overall due to the Chinese economy being in downturn, lesser demand is visible. Why do you think the news source was from China? Just to argue that nothing is bad in China and their companies are flourishing and entering new segments. All such news however true they might appear, carry bias with them, i.e. to strengthen one economy and hurt other players in that segment, and that too when the player is from India, which is China's biggest emerging threat.

Its not like the Chinese company will manage to get hold of all clients of PI just like that. PI is an established player with competent management, the market cap and P/E commanded is its proof.

Disclaimer : Personally invested and will add more as and when feasible.

For long time view, PIIND can be accumulated in next support zone of 3292-3300, if that support breaks, we can see levels of 3100-3110 in near future. The closest support level for company is 3361.

Fundamentally, P/E of company is around 33 to 34, which is somewhat reasonable considering its peers and growth of around 25% in sales per year if we see last 5 years.

Can be added in tranches if possible. Now with government spending much on subsidies on fertilizers, This space should see robust growth in coming months

Some message regarding opening of Azad Engineering IPO...IS this true?

Yes tentative date would be 22nd Dec

Let's Try Calculating Ideal Price Band of

HAPPY FORGINGS Ltd.

FY 23 PAT : 208.7 cr
FY 24 TTM Basis : 238.6 cr
NAV Per Share : 110.43

Peers :
1.Bharat Forge :
PE - 85.2
PE FY 24 TTM Basis - 57
PB - 7.95

2.Ramkrishna Forgings :
PE - 46.7
PE FY 24 TTM Basis - 42.3
PB - 7.93

3.MM Forgings :
PE - 15.9
PE FY 24 TTM Basis - 15.5
PB - 2.75

4.Craftsman Automation :
PE - 36.6
PE FY 24 TTM Basis - 29.45
PB - 7.16

5.Sona BLW Precicion :
PE : 70.2
PB : 13.6

So Mean PE FY 23 : 50.9
Mean PE FY 24 : 42.9
Mean PB : 7.87

So Considering A PE of 38Times FY 23
M.cap comes at 7900 cr
Minus Fresh issue of 400 cr
7500 cr ÷ No.of shares outstanding pre-money
So Issue price comes around 840 /-

So PE FY 23 : 38
PE FY 24 : 34.5
PB : 7.6

If Issue is price above 950 , It will be on a very expensive side ,
If priced below 780 Attractive

Regardless of whatever the price band announced, lingering question is not "Who is right or wrong". It is "What is right or wrong" ! IPO and investments are made on appropriate valuation for rewards in the future. As seen here on this board, many that got listed at high premiums did not create wealth, while several not so fancied one's gave astonishing returns as time passed. Pricing in such heated and euphoric market is more on demand supply than fundamentals.
@newgen consultancy 
You been investing and also tipping others about these underpriced post IPO gems often for everyone's benefits.

If this IPO come with much higher price, then GNA axles and Talbros at current price becomes attractive and becomes investible. Rest left to individual investor's appetite.

Happy Investing!

​@newgen consultancy Sir hat's off to ur prediction. You are a gem for the firum

Denta Water and Infra Solutions files Drhp with Sebi

Will post full details soon

Admin please update PE and POST PE for Happy Forging...

Price Band not declared
So PE calculation not possible

Thanks

Happy Forging Mumbai line opened with 🔥 Rs. 225 Buyer

Good Premium. Must apply issue..

NEW MAINBOARD IPO

HAPPY FORGINGS Ltd.

Date : 19-21 December
Size :
Fresh - 400 cr
OFS - 7159920 shares
Retail : 35%
FV : Rs.2 /-

Financials FY 23 :
Revenue - 1202.3 cr
PAT - 208.7 cr
EPS - 23.32

H1 24 ( April - September )
Revenue - 675.7 cr
PAT - 119.3 cr

​@Roysk In SNII category of mainboard IPO, if SNII Category is oversubscribed application wise , and if you get allotment, u will get shares worth slightly more than Rs two lakh. In some IPO s it would be 14 lots and in other IPO s it would be 15 lots. If BNII category is oversubscribed at least 5 times, application wise, and if you get allotment, u will get shares worth slightly more than Rs two lakh

​@Roysk Slight correction regarding BNII category. If BNII category is oversubscribed application wise and if you get allotment u will get shares worth slightly more than Rs two lakh. In that case amount wise oversubscription will be more than five times. Sorry for mistake

Happy forgings ipo dates confirm

Open -- 19 December 2023

Close -- 21 December 2023

Tentative dates??

3rd Party ASBA is valid or not still @newgen consultancy

All banks baned.
Why you ask this question apply you know what is the result .
From three months before said
1 december 2023 onwards not allowed third party applications .Until 30 november 2023 some banks and UPIs allowed .

You want allotment then apply from pan linked upis or asba.

If you don't want allotment just satisfaction purpose you want third party then apply

और आ जाओ अगर कोई बच रहा है
इनको अकेले में डर लगता है इसीलिए साथ आते हैं

Valuation acha dedo
Very good company

Yes all depends on valuation only

The company is good for long term....Let's wait for issue price...

What is GMP??

Just take a look at this link..

https://www.chittorgarh.com/book-chapter/ipo-grey-market-gmp/28/

again multiple IPOs are going to be clashed and most probably these all are going to be closed on FRIDAY.

SEBI is happy that we implemented T+3.
RTAs are also Happy that we are going to close most of the IPOs on Friday ( ultimately its T+5 for RTAs)

Are bhai have patience. Few days earlier if we take your case than T+6 used to become T+10 considering 2 Saturday and 2 sunday in between. So keep patience. RTA employees need to work on Saturday and Sundays if we consider your T+5 days. Let them also enjoy with their family.

Hi @newgen consultancy 

Finally your fav company came to IP :)