Happy Forgings IPO GMP History
Happy Forgings IPO has been listed on December 27, 2023 at a listing price of ₹1000, against the issue price of ₹850 — a gain of ₹150 (+17.65%). The GMP peaked at ₹450 on 16 December 2023 and reached a low of ₹25 on 14 December 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Happy Forgings IPO raised ₹1008.59 Cr. through its IPO at a price band of ₹808 to ₹850 per share, with a lot size of 17 shares. The IPO was open for subscription from 19 Dec 2023 to 21 Dec 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:27 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 26 Dec 2023 | ₹ 300 | ▼ | 35% | — | — |
| 23 Dec 2023 | ₹ 400 | ▲ | 47% | — | — |
| 22 Dec 2023 | ₹ 380 | ▼ | 45% | — | — |
| 21 Dec 2023 | ₹ 430 | ▼ | 51% | — | — |
| 20 Dec 2023 | ₹ 440 | — | 52% | — | — |
| 19 Dec 2023 | ₹ 440 | ▲ | 52% | — | — |
| 18 Dec 2023 | ₹ 425 | ▼ | 50% | — | — |
| 16 Dec 2023 | ₹ 450 | — | 53% | — | — |
| 15 Dec 2023 | ₹ 450 | ▲ | 53% | — | — |
| 14 Dec 2023 | ₹ 25 | — | 3% | — | — |
Happy Forgings IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 19 Dec 2023
- Close 21 Dec 2023
- Allotment 22 Dec 2023
- Refund/credit 26 Dec 2023
- Listing 27 Dec 2023
Happy Forgings IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹850 |
|---|---|
| GMP-based estimate (pre-listing) | ₹1150 (+35.3%) |
| Listing gain / loss | +₹150 per share |
| Listing date | 27 Dec, 2023 |
| Actual listing price | ₹1000 (+17.65%) |
Is Happy Forgings IPO GMP reliable?
Grey market premium for Happy Forgings IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Happy Forgings IPO full review for a fundamentals-based assessment before making any grey market trades.
Happy Forgings IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Happy Forgings IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Happy Forgings IPO
Happy Forgings Limited is an engineering-led maker of safety critical, heavy forged and high precision machined components.
Its products include crankshafts, front axle beams, steering knuckles, differential cases, transmission parts, planetary carriers, suspension brackets and valve bodies.
In the automotive sector it supplies domestic and global OEMs that make commercial vehicles. In the non-automotive sector it supplies makers of farm equipment, off-highway vehicles and industrial equipment and machinery.
The IPO was Rs 1,008.59 crore, with Rs 400.00 crore of fresh issue and Rs 608.59 crore of offer for sale by the promoter HUF and investor India Business Excellence Fund. Rs 187.03 crore was planned for new plant and machinery and Rs 152.76 crore for prepaying borrowings.
Frequently asked
What is the GMP of Happy Forgings IPO?
The current Grey Market Premium (GMP) of Happy Forgings IPO is ₹ 300.
What is the Kostak Price of Happy Forgings IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Happy Forgings IPO is not available.
What is the Subject to Sauda Price of Happy Forgings IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Happy Forgings IPO?
Happy Forgings IPO listed on December 27, 2023 at ₹1000, against the issue price of ₹850 — a gain of +17.65%.
How did the GMP of Happy Forgings IPO trend before listing?
The GMP of Happy Forgings IPO was falling in its final days before listing. The GMP peaked at ₹450 on 16 December 2023. View the day-wise table above for the complete GMP history.
Explore Happy Forgings IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
