Happy Forgings Ltd

(HAPPYFORGE)

Happy Forgings Limited was incorporated as Happy Forgings Private Limited at Jalandhar Punjab as a private limited company pursuant to a certificate of incorporation dated July 2 1979 issued by the Registrar of Companies Punjab Himachal Pradesh and Chandigarh. Thereafter Company was converted from a private limited company to a public limited company and the name of Company was changed to Happy Forgings Limited and a fresh certificate of incorporation dated April 1 1998 issued by the Registrar of Companies Punjab Himachal Pradesh and Chandigarh.Happy Forgings are an engineering led manufacturer of complex and safety critical heavy forged and high precision machined components in India. The Company manufacture a wide range of forged and machined products such as crankshafts front axle beams steering knuckles differential cases transmission parts planetary carriers suspension brackets and valve bodies across industries for a diversified base of customers. It mainly cater to domestic and global OEMs manufacturing commercial vehicles in the automotive sector and manufacturers of farm equipment offhighway vehicles and manufacturers of industrial equipment and machinery for oil and gas power generation railways and wind turbine industries into the nonautomotive sector.The Company has emerged as a leading player in the domestic crankshaft manufacturing industry with the second largest production capacity for commercial vehicle and high horsepower industrial crankshafts in India. In 1995 the Company purchased heavy duty hammers for manufacturing of oil engine parts and motor parts. In 2006 it commissioned operations at Kanganwal Facility II unit in 2008 commissioned first 8000 ton forging press commenced manufacturing front steering parts by procuring axle arms in 2009 and installed model grinding technology used to manufacture four cylinder and six cylinder crankshafts. In 2011 it ventured into commercial vehicles farm equipment and industrial equipment industries later on the second 8000 ton forging press was commissioned during 2017 again it ventured into a new sector by manufacturing pinion shaft in the wind turbine industry in 2019 installed third 8000 ton forging press line in 2021 commenced Dugri Facility operations in 2021 commissioned front axle beam for electric buses into commercial vehicle industry in 2022 and thereafter installed 8 dedicated lines for manufacturing crankshafts and commissioned first 14000 ton forging press line in 2022. Through Initial Public Offer the Company is planning Equity Shares of Fresh Issue aggregating Rs 500 Crores and an Offer for Sale by issuing 8054910 Equity Shares..

Share Price: ₹1170.20 per share as on 06 Sep, 2024 04:01 PM
Market Capitalisation: ₹11,165.16Cr as of today
Revenue: ₹341.47Cr as on June 2024 (Q2 24)
Net Profit: ₹63.80Cr as on June 2024 (Q2 24)
Listing date: 27 Dec, 2023