Happy Forgings IPO Subscription Status
Happy Forgings IPO was subscribed 82.63 times when bidding closed on 21 Dec 2023: QIB 214.65x, NII 63.45x, Retail 15.4x.
The Happy Forgings IPO has been subscribed 82.63x times overall. Retail investors have shown interest with bids for 15.4x the shares available. The Non-Institutional Investor (NII) category has been subscribed 63.45x. Within NII, Big HNI (B-HNI) subscribed 69.87x and Small HNI (S-HNI) subscribed 50.61x. Qualified Institutional Buyers (QIBs) have subscribed 214.65x. Data last updated on 10 Nov, 06:27 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 19 Dec, 2023 and closes on 21 Dec, 2023. The shares are expected to list on stock exchanges on 27 Dec, 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 214.65x |
| NII | - of - - | 63.45x |
bHNI — bid amount above ₹10 Lakh |
- - | 69.87 |
sHNI — bid amount ₹2–10 Lakh |
- - | 50.61 |
| Retail | - of - - | 15.4x |
| TOTAL | - - | 82.63x |
Happy Forgings IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 6.5% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 214.65x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
21 Dec 2023
Day 3 |
82.63x | ▼ | |
|
QIB214.65x
BHNI69.87x
SHNI50.61x
Retail15.4x
|
|||
|
20 Dec 2023
Day 2 |
7.47x | ▼ | |
|
QIB0.45x
BHNI15.81x
SHNI17.87x
Retail7.42x
|
|||
|
19 Dec 2023
Day 1 |
2.32x | ▼ | |
|
QIB0.01x
BHNI-
SHNI-
Retail3.03x
|
|||
Happy Forgings IPO dates
From the bidding window 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
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Happy Forgings IPO?
As of IPO close date (21 Dec, 2023), the Happy Forgings IPO is subscribed 82.63x times. Retail category is 15.4x, and NII is 63.45x subscribed.
When is the allotment date for Happy Forgings IPO?
The allotment for Happy Forgings IPO is expected to be finalized on 22 December, 2023.
What is the GMP of Happy Forgings?
The Grey Market Premium (GMP) for Happy Forgings is currently ₹300, indicating a potential listing gain of 35%.
When will Happy Forgings IPO list on the stock market?
Happy Forgings is scheduled to list on BSE and NSE on 27 December, 2023.
What are the chances of getting allotment in Happy Forgings IPO?
The retail category is oversubscribed at 15.4x, meaning allotment is by lottery. Statistically, approximately 1 in 16 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 214.65x mean for Happy Forgings IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 214.65x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Happy Forgings IPO allotment status?
After the allotment date (22 Dec, 2023), you can check your Happy Forgings IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Happy Forgings IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
