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Happy Forgings IPO is expected to have a strong listing, with the grey market indicating a premium of ₹400 per share. Happy Forgings, a manufacturer of heavy forgings and high-precision machined components, is set to make its stock market debut on Wednesday (December 27).
Experts expect the market to remain rangebound in the last week of the year 2023.
Amongst the IPOs and listings, all eyes will be on the eight listings scheduled in the coming truncated week in the mainboard segment, though the action will be more in the SME segment.
This presents multiple investment opportunities as several companies gear up to launch their initial public offerings (IPOs) next week, accompanied by eight scheduled new listings.
“Excited about the Electro Force IPO. The SME market has taken everyone by storm because there was little participation. The name of the company is Electro Force. It is a consumer electrical play, a B2B play with Rs 18 crore equity and a price earning of something like six-seven times one year forward.”