Happy Forgings IPO to list tomorrow: Here's what GMP, subscription status signal ahead of listing
BSE and NSE. Also Read: Happy Forgings IPO: What does GMP, subscription status signal ahead of listing Let us check what Happy Forgings IPO GMP signals ahead of the share listing tomorrow. Happy Forgings IPO GMP today is ₹282 per share.
This means that Happy Forgings shares are trading higher by ₹282, or at a premium of ₹282 to the issue price, in the grey market today, as per market observers. The grey market premium today indicates a strong listing for Happy Forgings shares. Considering the Happy Forgings IPO GMP today and the issue price, Happy Forgings shares estimated listing price is ₹1,132 apiece, which is a premium of 33.18% to the IPO price of ₹850 per share.
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Happy Forgings IPO garnered a robust response from all categories of investors during the bidding period from December 19 to 21. The IPO was subscribed by an impressive 82.63 times. The retail investors’ portion was subscribed 15.40 times, while the portion reserved for Non-Institutional Investors (NIIs) was subscribed by 63.45 times.
The Qualified Institutional Buyers’ (QIB) segment was booked 214.65 times. Also Read: Happy Forgings IPO allotment out. GMP, how to check allotment status online Happy Forgings IPO size was ₹1,008.59 crore, which comprised a fresh issue of 47 lakh shares aggregating to ₹400 crore and an offer for sale (OFS) of 72 lakh shares aggregating to ₹608.59 crore.
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