Happy Forgings IPO allotment expected today. GMP, how to check status online

Happy Forgings IPO allotment

Happy Forgings IPO Allotment: Investors responded favorably to Happy Forgings Ltd.’s initial public offering (IPO), which concluded on December 21. The Happy Forgings IPO share allotment is anticipated to be finalized shortly after the bidding process closes on Friday, December 22.

On the BSE and NSE websites, as well as the IPO registrar’s portal, investors who applied for the issue can verify the Happy Forgings IPO allotment status.

Happy Forgings IPO’s registrar is Link Intime India Private Ltd. The website of Link Intime India displays the status of the share application.

By using the basis of allotment, investors can ascertain if and how many shares they have been granted. The IPO allotment status also shows the quantity of shares that were allotted.

For those who applied but were not selected, Happy Forgings will start the refund procedure, and on December 26, those who were selected will receive their shares in their demat accounts.
Happy Forgings’ shares are scheduled to list on the BSE and NSE, with a provisional date of December 27.
You can check the Happy Forgings IPO allotment status on the IPO registrar website, Link Intime India Private Ltd., if you have applied for the issue. To verify the IPO allotment status, follow these steps:

Step 1 – Visit the IPO registrar’s website on this link – https://linkintime.co.in/MIPO/Ipoallotment.html

Step 2 – Choose the IPO name in the dropbox. It will only have the name of the IPO if the allocation is finalised. In this case, select Happy Forgings Limited.

Step 3 – Pick one of the three options to check the allotment status: Application No, Demat Account, or PAN.

Step 4 – Enter the details as per the option selected.

Step 5 – Click on the submit button.

Your Happy Forgings IPO allotment status will be shown on the screen. You can also check the IPO allotment status on the website of stock exchanges.

Steps to check Happy Forgings IPO allotment status on BSE:

Step 1: Go to the BSE official website’s allocation page.

Step 2: Choose “Equity” under “Issue Type.”

Step 3: Select the IPO using the “Issue Name” drop-down menu.

Step 4: Input your application number or PAN.

Step 5: Press the “Submit” button after verifying your identity by clicking “I am not a Robot.”

The IPO allotment status will be reflected.

Happy Forgings IPO GMP Today

According to market experts, Happy Forgings’ IPO GMP is currently ₹406 per share. This indicates that the shares of Happy Forgings are being traded on the gray market for a premium of ₹406.00.
The expected listing price for Happy Forgings shares is ₹1,256 per share, which is 47.76% more than the issue price when taking into account the IPO price and the premium on the gray market today.

Happy Forgings IPO Allotment
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Happy Forgings IPO Details

The subscription period for Happy Forgings IPO ran from December 19 to December 21. The ₹1,008.59 crore initial public offering (IPO) consisted of an offer for sale (OFS) of 72 lakh shares, totaling ₹608.59 crore, and a fresh issue of 47 lakh equity shares, totaling ₹400 crore.

The IPO registrar for Happy Forgings is Link Intime India Private Ltd, and the book running lead managers are JM Financial, Axis Capital, Equirus Capital, and Motilal Oswal Investment Advisors.

The IPO for Happy Forgings received 82.63 subscriptions overall. In the retail category, the public offering was subscribed to 15.40 times, and in the Qualified Institutional Buyers (QIB) category, 214.65 times. 63.45 bookings for Non-Institutional Investors (NII) were made.

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