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).
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.
Happy Forgings IPO | The three-day subscription period for the IPO will start from December 19 and continue till December 21. The institutional investors can participate in the anchor book of the issue for a day on December 18.
The Happy Forgings IPO is a mix of fresh issue component of Rs 400 crore worth shares and an offer-for-sale of 71.6 lakh equity shares by the existing shareholders.