Happy Forgings IPO vs Mukka Proteins IPO

Comparision between Happy Forgings IPO and Mukka Proteins IPO.

IPO Details

Happy Forgings IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Mukka Proteins IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Happy Forgings IPO	Mukka Proteins IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Jm Financial Limited Axis Capital Limited Equirus Capital Private Limited Motilal Oswal Investment Advisors Limited	Fedex Securities Pvt Ltd
Registrar	Link Intime India Private Ltd	Cameo Corporate Services Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Happy Forgings IPO is up to ₹1,008.59 Cr whereas the issue size of the Mukka Proteins IPO is up to ₹224.00 Cr. The final issue price of Happy Forgings IPO is ₹850.00 per share and of Mukka Proteins IPO is ₹28.00 per share.

	Happy Forgings IPO	Mukka Proteins IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹808.00 per share	₹26.00 per share
Issue Price (Upper)	₹850.00 per share	₹28.00 per share
Issue Price (Final)	₹850.00 per share	₹28.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	17 shares	535 shares
Fresh Issue Size	47,05,882 shares	8,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹400.00 Cr	up to ₹224.00 Cr
OFS Issue Size	71,59,920 shares
OFS Issue Size (Amount)	up to ₹608.59 Cr
Issue Size Total	1,18,65,802 shares	8,00,00,000 shares
Issue Size Total (Amount)	up to ₹1,008.59 Cr	up to ₹224.00 Cr

IPO Timetable

Happy Forgings IPO opens on Dec 19, 2023, while Mukka Proteins IPO opens on Feb 29, 2024. The closing date of Happy Forgings IPO and Mukka Proteins IPO is Dec 21, 2023, and Mar 04, 2024, respectively.

	Happy Forgings IPO	Mukka Proteins IPO
Anchor Bid Date	Dec 18, 2023	Feb 28, 2024
Issue Open	Dec 19, 2023	Feb 29, 2024
Issue Close	Dec 21, 2023	Mar 04, 2024
Basis Of Allotment (Tentative)	Dec 22, 2023	Mar 05, 2024
Initiation of Refunds (Tentative)	Dec 26, 2023	Mar 06, 2024
Credit of Share (Tentative)	Dec 26, 2023	Mar 06, 2024
Listing date (Tentative)	Dec 27, 2023	Mar 07, 2024
Anchor Lockin End date 1	Jan 21, 2024	Apr 04, 2024
Anchor Lockin End date 2	Mar 21, 2024	Jun 03, 2024

Financials

Happy Forgings IPO P/E ratio is 36.45, as compared to Mukka Proteins IPO P/E ratio of 12.96.

Happy Forgings IPO

Mukka Proteins IPO

Financial

Happy Forgings Limited Financial Information (Restated Standalone)

Happy Forgings Limited's revenue increased by 38.81% and profit after tax (PAT) rose by 46.67% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,489.80	1,326.17	1,129.87	876.38
Revenue	675.73	1,202.27	866.11	590.81
Profit After Tax	119.30	208.70	142.29	86.45
Net Worth	1,103.33	988.31	787.62	645.16
Reserves and Surplus	1,088.25	978.66	769.72	636.21
Total Borrowing	258.97	218.52	240.35	153.47
Amount in ₹ Crore

Mukka Proteins Limited Financial Information (Restated Consolidated)

Mukka Proteins Limited's revenue increased by 52.52% and profit after tax (PAT) rose by 84.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	641.18	575.16	392.30	353.93
Revenue	612.88	1,183.80	776.15	609.95
Profit After Tax	32.98	47.53	25.82	11.01
Net Worth	159.11	128.92	87.25	64.54
Reserves and Surplus	144.92	112.57	68.51	60.80
Total Borrowing	317.73	254.83	173.50	159.19
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

88.24%

100%

Promoter Shareholding (Post-Issue)

78.60%

P/E Ratio

36.45

12.96

Market Cap

₹8007.42 Cr.

₹840.00 Cr.

ROE

21.12%%

36.71%%

ROCE

24.24%%

17.62%%

Debt/Equity

1.64

EPS

₹23.32

₹2.16

RoNW

21.12%%

34.19%%

Shares Offered

In the Happy Forgings IPO retail investors (RII) are offered 41,53,031 shares while in Mukka Proteins IPO retail investors are offered 41,53,031 shares. Qualified institutional buyers (QIB) are offered 23,73,160 shares in Happy Forgings IPO and 1,60,00,435 shares in Mukka Proteins IPO.

	Happy Forgings IPO	Mukka Proteins IPO
Anchor Investor Reserveration	35,59,740 shares	2,39,99,565 shares
Market Maker Reserveration
QIB	23,73,160 shares	1,60,00,435 shares
NII	17,79,870 shares	1,20,00,000 shares
RII	41,53,031 shares	2,80,00,000 shares
Employee	0 shares	0 shares
Others
Total	83,06,061 shares	5,60,00,435 shares

Bids Received (Subscription)

Happy Forgings IPO subscribed 82.63x in total, whereas Mukka Proteins IPO subscribed 136.99x.

	Happy Forgings IPO	Mukka Proteins IPO
QIB (times)	214.65x	189.28x
NII (times)	63.45x	250.39x
Big NII (times)	69.87x	254.15x
Small NII (times)	50.61x	242.86x
RII (times)	15.40x	58.52x
Employee (times)
Other (times)
Total (times)	82.63x	136.99x

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Mukka Proteins IPO	Motisons Jewellers IPO
Muthoot Microfin IPO	Happy Forgings IPO
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