Happy Forgings IPO opens next week. Here are 10 things to know about the offer

economictimes.indiatimes.com:

IPO) of Happy Forgings will open for subscription on December 19. The issue closes on December 21.

The company's shares are expected to get listed on both the exchanges. Here are 10 things to know about the offer.

1. What is the business overview of Happy Forgings?
   Happy Forgings is an engineering-led manufacturer of safety critical, heavy forged and high precision machined components. It makes 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.
2. What is the industry overview of Happy Forgings?
   The forging and machining markets in India are estimated to be valued at approximately $7.3 billion and $5.4 billion, respectively, in FY24. The same are expected to grow at a CAGR of 7.1% and 8.4% to reach $10.2 billion and $8 billion, by FY29, respectively
3. What is the size of Happy Forgings IPO?
   The IPO comprises fresh equity issue of Rs 400 crore and an offer for sale (OFS) of 71.59 lakh shares. The company plans to raise Rs 1009 crore through the public offer.
4. Who are the selling shareholders under OFS?
   Under the OFS, promoter Paritosh Kumar Garg will offload 49.22 lakh shares and investor India Business Excellence Fund will sell 22.37 lakh shares.
5. What is the price band for Happy Forgings IPO?
   The price band of this public issue is fixed at Rs 808-850. Investors can bid for 17 shares in 1 lot and in multiples thereafter.
6. What is the structure of Happy Forgings IPO?
   About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.
7. How is the financial