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Arihant Capital Markets Ltd, BP Equities (BP Wealth), Dilip Davda, Geojit Securities Ltd, Hem Securities, Indsec Securities, Marwadi Shares and Finance Ltd, Nirmal Bang, Reliance Securities, SMIFS Limited, Sushil Finance Ltd, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to Happy Forgings IPO. Capital Market has given "May Apply" recommendation to Happy Forgings IPO. Axis Capital, Investmentz Ltd and JM Financial Institutional Securities have "Not Rated" the IPO.
| Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
|---|---|---|---|---|---|
| Count | 13 | 1 | 0 | 0 | 3 |
| % | 76.47 | 5.88 | 0.00 | 0.00 | 17.65 |
| Reviewer | Recommendation | Past Reviews |
|---|---|---|
Arihant Capital Markets Ltd |
Apply |  |
| Axis Capital |
Not Rated | |
| BP Equities (BP Wealth) |
Apply | |
| Capital Market |
May Apply | |
| Dilip Davda | Apply | |
| Geojit Securities Ltd |
Apply | |
| Hem Securities |
Apply | |
| Indsec Securities |
Apply | |
| Investmentz Ltd |
Not Rated | |
| JM Financial Institutional Securities |
Not Rated | |
| Marwadi Shares and Finance Ltd |
Apply | |
| Nirmal Bang |
Apply | |
| Reliance Securities |
Apply | |
| SMIFS Limited |
Apply | |
| Sushil Finance Ltd |
Apply | |
| Swastika Investmart Ltd |
Apply | |
| Ventura Securities Limited |
Apply | |
The Captial Market (CapitalMarket.com) rating for Happy Forgings IPO is 46. Their analysis recommends May subscribe for the IPO.
| Reviewer | Rating Score | Rating |
|---|---|---|
| Capital Market | 46 | May subscribe |
[Dilip Davda] HFL is a leading and largest critical, complex and precision machined components for varied industries. It supplied its products to renowned global OEMs. The company posted steady growth in its top and bottom lines. Based on FY24 annualized earnings the issue appears reasonably priced. Investors may consider parking funds for the medium to long term rewards. Read detail review...
Happy Forgings Limited peer comparison with similar listed entities. (As on March 31, 2023)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| ‘Happy Forgings Limited | 23.32 | 23.32 | 110.43 | 21.12 | Consolidated | |
| Bharat Forge Limited | 11.35 | 11.35 | 144.02 | 102.63 | 7.88 | Consolidated |
| Craftsman Automation Limited | 117.56 | 117.56 | 651.68 | 43.92 | 18.04 | Consolidated |
| Ramkrishna Forgings Limited | 15.52 | 15.43 | 82.67 | 49.36 | 18.77 | Consolidated |
| Sona BLW Precision Forgings Limited | 6.76 | 6.75 | 39.12 | 85.56 | 17.26 | Consolidated |
Notes for Listed Peers:
1. Basic EPS and Diluted EPS refer to the Basic EPS and Diluted EPS sourced from the financial statements of the respective company.
2. P/E Ratio has been computed based on the closing market price of equity shares on BSE on August 04, 2023 divided by the Diluted EPS provided.
3. Return on net worth (RoNW) is computed as profit for the year attributable to common shareholders of the parent divided by net worth (excluding non-controlling interest), as at March 31, 2023.
4. NAV per equity share has been computed as the net worth attributable to common shareholders (excluding non-controlling interest) divided by the total number of shares outstanding, as at March 31, 2023.
Happy Forgings IPO Reviews, analysis and views by popular members. Read Happy Forgings Limited IPO reviews by retail investors to find recommended ipo to buy.
Post Recommendation Manage Your IPO Reviews
| Review By | Apply | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Count | 2 | 1 | 0 | 0 |
| % | 66.67 | 33.33 | 0.00 | 0.00 |
| Member | Review |
|---|---|
Crow  IPO Mentor (700+ Posts, 900+ Likes) |
Apply for Listing Gain at Cut-off Price Best IPO this week. December 19, 2023 7:17:13 PM |
| Aashil Gandhi |
Apply for Short Term at Cut-off Price good gmp and market condition so can apply December 19, 2023 5:43:37 PM |
B.M.SURANA  IPO Guru (2600 Posts, 4800+ Likes) |
May Apply for Listing Gain at Upper Price Band Buyers in Grey market
|
Post Recommendation Manage Recommendations
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