Happiest Minds IPO Allotment Status

Happiest Minds IPO allotment status is out now, All the best !!

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Listing date of Happiest Minds IPO : Sep 17, 2020

This day can turnout to be luckiest day for allottees.

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Asheesh Tiwari
Asheesh Tiwari
2 months ago

Can i buy and sell shares on the day of listing incase i dont get IPO allotment

Satish Sharma
Satish Sharma
2 months ago

When do we expect the allotment status of happiest minds IPO today?

Naveen Kumar
Naveen Kumar
2 months ago

What is latest GMP of this IPO ?

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[…] As per iporesearch.co.in, IPO of Happiest Minds Technologies is expected to be listed on 17 September. The basis of allotment is expected to be finalised today (14 September). The allotment is likely to be out in the second half of 15 September. […]

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[…] As per iporesearch.co.in, IPO of Happiest Minds Technologies is expected to be listed on 17 September. The basis of allotment is expected to be finalised today (14 September). The allotment is likely to be out in the second half of 15 September. […]

trackback

[…] As per iporesearch.co.in, IPO of Happiest Minds Technologies is expected to be listed on 17 September. The basis of allotment is expected to be finalised today (14 September). The allotment is likely to be out in the second half of 15 September. […]

trackback

[…] As per iporesearch.co.in, IPO of Happiest Minds Technologies is expected to be listed on 17 September. The basis of allotment is expected to be finalised today (14 September). The allotment is likely to be out in the second half of 15 September. […]

eagleye
eagleye
2 months ago

CAMS IPO – Schedule *(Page 273 of the RHP)*

16th Sept – Announcement of Price Band
18th Sept – Anchor Investors Allotment
21st Sept – Offer Opens
23rd Sept – Offer Closes
28th Sept – Finalisation of Basis of Allotment
29th Sept – Unblocking of ASBA Accounts
30th Sept – Credit of Equity Shares to Depository Accounts
01st Oct – Commencement of Trading

CAMS IPO – Issue Information *(Tentative)*

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Issue Opens on: 21 September 2020
Issue Closes on: 23 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 1,82,46,600Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.1,220 – Rs.1,230 per Share*(Tentative)*
Discount: Rs.10/- (for Employees)
Market Lot: 12 Shares
Listing At: BSE (Not NSE)

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Equity Shares outstanding prior to the Issue = 4,87,60,000 Shares
Employee Reservation of 1,82,500 Shares @1220/- = Rs.22.27Crs (after discount of ~10/-)
Offer for Sale of 1,80,64,100 Shares @1230/- = Rs.2,221.88
Equity Shares outstanding after the Issue = 4,87,60,000 Shares

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Category-wise Break up:
Anchor – 54,19,320 Shares = 666.57Crs
QIB – 36,12,820 Shares = 444.38Crs
NII – 27,09,615 Shares = 333.28Crs
RII – 63,22,435 Shares = 777.66Crs (Lot size: 12 = 5,26,870 Forms)
Empl. Quota – 1,82,500 Shares = 22.27Crs (@1220 per Share)
Total Issue – 1,82,46,600 Shares = 2244.15Crs.

Subscription required for 1X
RII = 5,26,870 Forms
NII = 333.28 Crs

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NAV as on June 30, 2020 was Rs.108.27 (Page #75 of RHP)

Listed Industry Peer Group (Page #67 of DRHP): None

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CAMS IPO – *Market’s Current Estimates of oversubscription*:

RII = 27.00L Forms = 5.12X Applic. wise (Avg allotment of ~2.34 shares per lot)
NII = 50K Crs. = ~147.62X

Interest cost *@7.50%p.a.* for 7days = 179.79paise for 1X

Thus, for NII the costing = 147.62 X 179.79paise = Rs.265.42 per share (= GMP)

And, for RII the costing = 2.34 X 265.42 = Rs. ~622/- (= Kostak)

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CAMS IPO – *GMP Estimated*
GMP 350 +/- 2
Kostak 825 +/- 25

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eagleye
eagleye
2 months ago

CAMS IPO – *GMP Estimated*
GMP 425 +/- 5
Kostak 700 +/- 25

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Route Mobile IPO
GMP 198 +/- 2

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Happiest Minds IPO
GMP 145 +/- 1

🎆🎆🎆🎆🎆🎆🎆🎆🎆🎆

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