Happy Forgings IPO is expected to have a strong listing, with the grey market indicating a premium of ₹400 per share. Happy Forgings, a manufacturer of heavy forgings and high-precision machined components, is set to make its stock market debut on Wednesday (December 27).
Amongst the IPOs and listings, all eyes will be on the eight listings scheduled in the coming truncated week in the mainboard segment, though the action will be more in the SME segment.
Ahead of its listing next week, the grey market premium (GMP) of Happy Forgings fell marginally to Rs 405. Despite this fall, the stock will likely debut with a bumper premium of over 80% if the current trends are sustained. The listing date is likely to be December 27.
Happy Forgings sold its IPO in the price band of Rs 808-850 per share with a lot size of 17 shares, which was open for bidding between December 19 to December 21.