Happy Forgings IPO allotment likely today; Check allotment link, listing date here

22 Dec 2023 , 12:53 PM

The initial public offer of Happy forgings Limited closed for subscription on December 21. The company is likely to announce the share allotment of the IPO on December 22. 

Investors who have applied for Happy Forgings IPO can check the allotment status on BSE website or on company’s registrar Link Intime India. Those who have applied need to provide the application number and PAN details to get the allotment status.

As per BSE data, the IPO has been subscribed 82.04 times. The retail and non-institutional investors’ portion of the IPO has been booked 15 times and 62 times. However, the qualified institutional portion of the IPO has been subscribed 220 times of the reserved portion.

As per the DRHP, Happy Forgings going to use the net proceeds from the IPO towards prepayment of loans, purchase of equipment, plant and machinery and for other general corporate purposes.

The company is going to list on BSE and NSE on December 27.