Happy Forgings Ltd - IPO

Happy Forgings Ltd IPO Details

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

Objective of issue

Purchase of equipment plant and machinery. Prepayment of all or a portion of certain outstanding borrowings availed by the company. General corporate purposes.

Happy Forgings Ltd Contact Details

Happy Forgings Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - complianceofficer@happyforgingsltd.co.in

Website - www.happyforgingsltd.com