Happy Forgings Ltd (Ticker: HAPPYFOR IN) is an Indian company specializing in the automotive and truck parts and equipment industry. As the fourth largest engineering-led manufacturer in India, they focus on complex, safety-critical, heavy forged, and high precision machined components. Their operations are vertically integrated, encompassing engineering, process design, testing, manufacturing, and supply. The company primarily serves domestic and global original equipment manufacturers (OEMs) in the automotive sector, specifically commercial vehicles, and in the non-automotive sector, they cater to farm equipment, off-highway vehicles, and industrial equipment and machinery for various industries, including oil and gas, power generation, railways, and wind turbines.

Happy Forgings Ltd will list on December 27, 2023, on the National Stock Exchange of India. The firm is offering 11.87 million shares at an offer price of INR 850.00 per share. The expected market capitalization at the offer is INR 80.07 billion (USD 960.25 million). The total offer size is INR 10.09 billion (USD 120.95 million). The offering is managed by Axis Capital Ltd, Equirus Capital Pvt Ltd, JM Financial Ltd, and Motilal Oswal Investment Advisors. The share offering includes 4.71 million primary shares and 7.16 million secondary shares.