Happy Forgings IPO listing date today. GMP, experts signal up to 30% gain for allottees
Happy Forgings IPO: Listing date for the initial public offering (IPO) of Happy Forgings Limited has been fixed on 27th December 2023 i.e. today. As per the information available on BSE website, Happy Forgings shares will list on BSE and NES in special pre open session during Wednesday deals at Indian stock market.
"Trading Members of the Exchange are hereby informed that effective from Wednesday, December 27, 2023, the equity shares of Happy Forgings Limited shall be listed and admitted to dealings on the Exchange in the list of 'B ' Group of Securities," BSE notice says. According to stock market experts, Happy Forgings IPO received strong response by investors and stock market sentiments are also condusive for positive listing of shares. They said that Happy Forgings share price may have a positive listing and an allottee may expect 25 per cent to 30 per cent premium.
Buy or sell: Vaishali Parekh recommends three stocks to buy today — December 27 Meanwhile, grey market sentiments are also signaling positive Happy Forgings IPO listing. According to stock market observers, Happy Forgings share price is quoting at a premium of ₹285 in grey market today. Expecting positive debut of Happy Forgings shares, Parth Shah, Research Analyst at StoxBox said, "After receiving a strong 82x oversubscription, Happy Forgings Ltd.
is expected to have a positive listing when it lists on the bourses on Wednesday. Considering such oversubscription, we expect the stock to list at a strong premium over its issue price of ₹850 per share." "We believe that this strong listing can be attributable to the company’s consistent performance and growth which can be seen in the revenue and EBITDA growth over the past three years. The company is a
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