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ipo: Happy Forgings IPO subscribed 20.22 times on last day. Check GMP and other key details

Analysts say the IPO gives a worthy option for investors seeking exposure to the manufacturing sector. The impressive track record and promising outlook of the company are additional bonuses that come with investing in this issue. Happy Forgings is commanding a GMP of Rs 435 in the grey market. ....

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happy forgings ipo subscription status: Happy Forgings IPO subscribed 5.03 times so far on 2nd day. Check GMP and other details

The initial public offer (IPO) of Happy Forgings was subscribed 5.03 times so far on the second day of the bidding process on Wednesday. The categories reserved for retail investors and NIIs were subscribed 5.7 times and 9.78 times, respectively. There was just a 6% subscription in the QIB portion. ....

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Happy Forgings IPO: Happy Forgings IPO fully subscribed within hours of opening on strong NII, retail push. Check GMP and other details

Happy Forgings IPO GMP: The issue, which closes on December 21, comprises a fresh equity issue of Rs 400 crore and an offer for sale (OFS) of 71.59 lakh shares. Under the OFS, promoter Paritosh Kumar Garg will offload 49.22 lakh shares and investor India Business Excellence Fund will sell 22.37 lakh shares. ....

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