Private Equity

Liquidity Events

Precision machined components maker Happy Forgings' IPO oversubscribed

Economic Times  

The initial public offering (IPO) of Ludhiana-based Happy Forgings was oversubscribed. The issue comprises a fresh equity issue of INR 400 crore and an offer for sale (OFS) of 71.59 lakh shares. Under the OFS, promoter Paritosh Kumar Garg will offload 49.22 lakh shares and investor India Business Excellence Fund (managed by Motilal Oswal PE) will sell 22.37 lakh shares.

From the Venture Intelligence PE-VC Deal Database: In Sep 2018, Happy Forgings had raised INR 200 Cr from Motilal Oswal PE. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)