Happy Forgings Ltd IPO subscribed 82.04 times on Day 3

The Initial Public Offering of Happy Forgings Limited was subscribed 82.04 times on the last day of bidding.

The issue received bids of 68,62,91,547 shares against the offered 83,65,639 equity shares, at a price band of ₹808-850, according to the data available on the stock exchanges.

Qualified Institutional Buyer and Non-Institutional Investors Portion was subscribed 220.48 times 62.17 times respectively. Retail Portion was subscribed 15.09 times.

JM Financial Limited, Axis Capital Limited, Equirus Capital Private limited and Motilal Oswal Investment Advisors Limited are book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.

Source : Equity Bulls

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HappyForgings IPO FundRaising Subscription