Happy Forgings Ltd IPO |
Registered Office:
B-XXIX 2254/1 Kanganwal Rd P O,Jugiana
,
Ludhiana
-
141120
,
Punjab
, India.
Phone :
+91 161 521 7162 Fax:
Email : complianceofficer@happyforgingsltd.co.in
Website : www.happyforgingsltd.com
|
| Initial public offering of 11,865,802 equity shares*** of face value of
(Rs)2 each of the company ("Equity Shares") for cash at a price of (Rs)850 per equity share (including a share premium of (Rs)848 per equity share) ("Offer Price") aggregating to (Rs)1008.59 crores*** ("Offer"). The offer comprises a fresh issue of 4,705,882 equity shares*** aggregating to
(Rs)400.00 crores*** ("Fresh Issue") and an offer for sale of 7,159,920 equity shares*** ("Offered Shares") aggregating to (Rs)608.59 crores***, 4,922,445 equity shares*** aggregating to (Rs)418.41 crores*** by Paritosh Kumar Garg (huf) (the "Promoter Selling Shareholder") and 2,237,475 equity shares*** aggregating to (Rs)190.19 crores*** by India Business Excellence Fund - iii (the "Investor Selling Shareholder" and together with the promoter selling shareholder, the "Selling Shareholders"), and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer will constitute 12.60% of the post offer paid up equity share capital of the company.
***Subject to finalisation of the basis of allotment.
The face value of the equity share is (Rs)2 each. The offer price is 425 times the face value of the equity shares.f
|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 19-Dec-23 |
21-Dec-23 |
(Rs)850.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :17 Further Multiples of :17 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
377.82 |
|
| Project Financed through Current Offer |
1008.59 |
|
| Post Issue Equity Share Capital |
18.84 |
|
| Issue Price |
(Rs)850.00 |
|
|