Happy Forgings : Listing Today

Price reached 1000 today…

Happy Forgings Limited, a prominent heavy forgings manufacturer, is anticipated to make a robust debut on the stock exchanges on December 27. According to data from Investor gain, there is a strong likelihood of a substantial listing gain, estimated to be around 27 percent based on the upper limit of the price range, which is set at Rs 808-850 per share.

The optimistic outlook for a successful listing is fueled by the remarkable interest displayed by investors during the company’s Rs 1,009-crore public issue. The public offering witnessed an impressive subscription rate of 82 times on the final day of bidding, which occurred on December 21. Notably, retail investors subscribed 15.09 times, high net-worth individuals secured 62.17 times their allocated quota, and qualified institutional buyers (QIBs) subscribed a staggering 220.48 times their reserved portion.

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