Happy Forgings Limited IPO Message Board (Page 7)

Listing on 26 or 27 pls confirm

27/12/2023

Wish all my Christian friends here at CG forum a merry Christmas...😊😊😊

Merry Christmas Vimal ji.

Thanks, Avinash ji, though i am not a Christian, i appreciate the sentiment. Seasons greetings to you too..and a happy new year to you in advance!! 😊😊

​@KAPPO @Paymzia @newgen consultancy And other
Respected Experienced members please share your view.

"M M Forgings Ltd" is posting similar growth as "Happy Forgings" for last three years.
But there is a difference of almost double in the valuation of both.

🟢 M M Forgings (PE) :- 18.7
🟢 Happy Forgings (PE) :- 33.6
Is M M Forging not a better investment option than Happy Forging?

Happy Forging has total borrowings of only Rs338 Crs with Debt to equity ratio of 0.33

Whereas MM Forging has total borrowings of around Rs1000 crs with Debt to equity ratio of around 1

This means, MM Forging is highly financially leveraged in comparison to Happy Forging. Highly financially leveraged actually means "running a company with the help of bank loans"

Correction:
In case of MM Forging Debt to equity ratio is 1.40

Holiday mood but low volume buyer rates

Azad 310
Happy 310
Credo 110
Motisons 71
Innova 140
Muthoot 32

profit per LOT 6800/- between 7225/-.................

Checked balance sheets of FY 2022-2023

I found one biggest positive point for Happy Forging.

Happy forging has very very low total borrowing(current plus non current) = Rs338 Crs only.

Whereas RK forging has huge total borrowing of around Rs2400 Crs Vs It's market cap is only 10% higher than Happy Forging(after listing market cap)

And MM forging also has huge borrowing of around Rs1000 Crs in spite of it having only 1/3 market cap in comparison to Happy Forging

Another positive point for Happy Forging is it's high reserve and Surplus of Rs1088 Crs

Also big difference in NPM
MM forging NPM 9%
RK forging NPM 8%
Happy Forging NPM 18%
Almost double of both RK and MM

​@newgen consultancy @B.M.SURANA @svh @Small Investor @Monster Zero @Crow Not allotted here...what will be the price to enter on this?? Kindly comment..

Buying not recommended.
Observe for 1 month.

Thanks

@Nmanoff

Equity market is a BLIND

IT'S NOT VISIBLE JUST ONLY AUDIBLE

EXAMPLE:-

Use this calculation in ADANI GROUP AND OTHERS with present trading price,
After you will get clarity

Current gmp-292-(34.4%)

Latest gml please of all IPO?

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

Check this link..

Thank you

In bank holidays how can they unblock
Everyone question is still blocked
Just think in holidays unblock happen ?

Happy fording and credo money will unblock Tuesday only

I do not see any pattern here. My ICICI account unblocked, while my father is not yet. We both have Icici Direct accounts.

On Bank holidays, UPI funds will be unblocked but ASBA will unblock on bank working days.

🙏

Looking at falling GMP, I wish this gap was not available for IPO to list. More the holidays, more delay, more things can turn better returns into smaller returns.

This full page is people who got allotment and asking if the company is good or not.
Bro, dont you guys read something about company before applying ? Bas satta karna hain?
Hold it and see magic over years, such core companies are long term bet.
Ps- I was not alloted here.

​@UjwalG Good sign new investors joining market. Sad sign they have money and throwing it blindly. DRHP/ RHP are away many even not reading synopsis. @Admin @ Chittorgarh.com block directly questions like when funds unblock? what is the gmp?

With due respect sir. Even if we read the ipo documents our low experience is still an problem in understanding

I started investment in 2019. But had very less capital as I was 19 years old.

Full fledged long term started in 2021 only with 50k slowly grew to 2lakhs.

We don't have much experience like u people and we r gaining experience. I personally take suggestions and insights from experienced people.

I go through annual reports, quater reports, transcript of quater meetings and everything. I do know I will take time to understand market's.

Ar present I can understand profit n loss. Balance sheet and cash flows.

Shares outstanding 9.42 Crore
Profit 260 Crore by end of year
EPS 260/9.42 = 27.60

Forward PE at 850 Market price == 850/27.60 = 30.79 PE
market cap = 850* 9.42 = 8007 Crore

If it lists at Market price 1250 = 1250/27.60 = 45.28 PE
Market Cap = 1250*9.42 crore = 12,000 Crore

Now looking at the closest Martket cap forging companies

Steelcast - Market cap 1254 crore - 100 crore by year end
MM Forging - Market cap 2471 core - 160 crore by year end
Happy forging - Market cap 12,000 crore - 260 crore by year end
RK Forge Market cap 13095 crore - 400 Crore profit by year end

So we have it on a bit overvalued territory after listing.
Plus these guys are not into any EV casting , except windmill motors.
So it will be good idea to exit of it goes to 1250 and not expect more i guess ?
I see more value in Steelcast and MM forging ( but they are i think inclined to Passanger vehicles)

Checked balance sheets of FY 2022-2023

I found one biggest positive point for Happy Forging.
Happy forging has very very low total borrowing(current plus non current) = Rs338 Crs only.
Whereas RK forging has huge total borrowing of around Rs2400 Crs
And MM forging also has huge borrowing of around Rs1000 Crs in spite of it having only 1/3 market cap in comparison to Happy Forging
Another positive point for Happy Forging is it's high reserve and Surplus of Rs1088 Crs

​@M K Singh Good Point. Hopefully they keep growing at this pace and there is no downturn in the commercial vehicle segment.

Whether SBI ASBA was unblocked. Mine is still blocked. registrar says unblock instructions were given to Bank on 22.12.23.

Got an allotment.
Is this a share that is good enough to hold? Generally I sell on the day of listing but I wanna know if Its better to hold (money not necessarily needed for me as of now)
Please advise me experts.
Thanks a lot

​@Dhanesh K Basically stocks list more than 30-40% you can sell it. Bcoz it might take another 3-5 months to get another 30% gain might stay idle also. So most of times I will sell at listing day and will not have any regret of selling. Better you have clear cut plan why you applied for this IPOs it's for listing gain or as an investment. That will answer your question.

congrats

​@COMMON MEN WAITING FOR ALLOTMENT 
Sir, what do you think about this one?

Company should perform well in long term.

What the latest GMP of Hfl

Axis Bank also unblocked the amount of Happy Forging and Credo in all my account today in spite of holiday.

GMP fall ka reason kya hai?.