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Happy Forgings Limited IPO

IPO Doc

Start Date19-12-2023

Application Timing10am-5pm

Price Range₹808 - ₹850

Min Qty17

Min. Investment₹13736

Listing DateNA

Close Date21-12-2023

About Happy Forgings Limited IPO

Why To Invest in Happy Forgings Limited IPO

Happy Forgings is the fourth largest engineering led manufacturer of complex and safety critical, heavy forged and high precision machined component in India. The net proceeds from the fresh issue will be utilised to purchase of equipment, plant and machinery and prepayment of borrowings.

Strengths And Risks

Leading Player: In terms of forging capacity as of Fiscal 2023, Happy Forgings is the fourth largest engineering led manufacturer of complex and safety critical, heavy forged and high precision machined component in India. Further, they have emerged as a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicle and high horse-power industrial crankshafts.

Manufacturing Capability: Their manufacturing processes, which primarily include die-designing, forging, heat treatment, machining and inspection and testing, are undertaken in-house. This enables them to meet customer requirements or modifications. Company possesses a wide range of engineering and product development capabilities, including die-designing, process design, cutting tool selection, and inspection and testing, to product specifications without relying on external vendors.

Diversified Business Model: Their business model is well diversified by end use industry and customer base, they served 66 customers in Fiscal 2023 with customers spannig across industries, including manufacturers of light, medium and heavy commercial vehicles in the automotive sector and manufacturers of farm equipment, off-highway vehicles and machinery and equipment for oil and gas, power generation, railways and wind turbine industries in the non-automotive sector.

Track Record of Financial Performance: We have established a track of consistent revenue growth and profitability. Our revenue from operations increased from Rs. 584.9 Cr in Fiscal 2021 to Rs. 1196.5 Cr in Fiscal 2023 at a CAGR of 43.02% while restated profit for the year increased from Rs. 86.4 Cr in Fiscal 2021 to Rs. 208.7 Cr in Fiscal 2023 at a CAGR of 55.38%.

End User Industry Risk: Happy Forgings business is dependent on the performance of certain industries particularly commercial vehicles, farm equipment, and off-highway vehicles both in the Indian and overseas markets. Any adverse changes in the conditions affecting these industries can adversely impact the business.

Raw Material Risk: Company's business and profitability are substantially dependent on the availability and cost of steel, the primary raw material, and any disruption to the timely and adequate supply of steel, or volatility in the prices of eel may adversely impact our business.

Power and Fuel Dependence: Happy Forgings has significant power and fuel requirements and any disruption to power or fuel sources could increase their production costs and adversely affect the business and financial performance.

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Astha Credit & Securities Pvt Ltd
NSE, BSE & MCX Sebi Reg No:
INZ000187932

For any grievance contact:
grievance@rupeezy.in
0755-4268599

Membership ID:
NSE - 12227 BSE-6844 MCX - 40000
NSDL-IN303420 CDSL-94500

For cyber attack incident reporting:
gyanesh@rupeezy.in
9669695615

CIN:
U65929MP2003PTC016241

SEBI RA Registration:
INH000013332

SEBI Depository Participant Reg No:
IN-DP-611-2021

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Attention Investors:
1.No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. 2.KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

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Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
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Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
Pay 20% upfront margin of the transaction value to trade in cash market segment
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Advisory – KYC Compliance:

All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.

Disclaimer:

Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
Brokerage will not exceed SEBI prescribed limit.
Please refer to the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Don'ts issued by Stock Exchanges and Depositories before trading on the Stock Exchanges.
For commodities derivatives please note that Commodities Derivatives are highly leveraged instruments.
Before investing in the asset class consider your investment objectives, level of experience and risk appetite carefully.
Mutual fund investments are subject to market risks, read all scheme related documents carefully. Mutual Funds are not an approved product of the Exchanges and any dispute related to this will not be dealt at Exchange platform. ACSPL is a Mutual fund distributor/s registered for Mutual Funds.

Client Bank account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062
2	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	57500000351820	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

Client registration documents in Vernacular languages: Get Documents