Happiest Minds & Technology IPO

About Happiest Minds & Technology

  •     The company provides the solution and methodologies for digital transformation to enterprises to increase their business efficiency.
  •     Mission Statement: “Happiest People. Happiest Customers”
  •     They offer various services including: Big Data and advanced Analytics, Artificial Intelligence & Business Process Management, Internet of Things, Cloud, Security, SDN-NFV (Software Defined Networking/Network Function Virtualization), Blockchain, Automation including RPA (Robotic Process Automation) etc.
  •     They offer these services to industries such as retail, consumer packaged goods, E-commerce, banking, Insurance, Hi-tech, Engineering R&D, Travel/Transportation.
  •     Happiest Minds is headquartered in Bangalore, India with operations in the U.S., UK, The Netherlands, Australia and Middle East.
  •     As on Mar’20 the company carries 157 active customers with it.

Strenghts

  1. Specialization in Digitization and transformation.
  2. Strong and Renowned Management ( Mr. Ashok Soota)

Happiest Minds IPO Details

IPO Detail
Issue DatesSep 07 – Sep 09, 2020
Issue Size (Fresh Issue) Rs. 700 Cr. (Approx) 
Issue Size (Offer for Sale)3,56,63,585 equity Shares
Face ValueRs. 2/- Per Share
Price BandRs. 165 – 166
Min Market Lot90 Shares
Listing PlatformNSE, BSE 
Min Investment Amt (Retail)Rs. 14,940
Max Investment Amt (Retail)Rs. 194,220

QIB : 75%, NII : 15%, RII 10%

Happiest Minds IPO Schedule

Offer Start DateSep 07, 2020
Offer End DateSep 09, 2020
Finalisation of basis of allotmentSep 15, 2020
Initiation of RefundsSep 16, 2020
Credit of shares to Demat A/cSep 16, 2020
Listing DateSep 17,2020

Financial Summary : Happiest Minds Technologies

Fig in ‘Cr.’
 Mar’20Mar’19Mar’18
Income
714.23601.81489.12
Expenses629.36576.2512.2
Profit After Tax (PAT)71.7114.21(22.47)

Happiest Minds IPO Registrar

Kfin Technologies Pvt Ltd

Selenium, Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana, India

Phone: +91-40-6716-2222
Email: happiestminds.ipo@kfintech.com
Website: https://www.kfintech.com

Happiest Minds IPO Lead Manager(s)

  • ICICI Securities Ltd
  • Nomura Financial Advisors & Sec (I) Pvt Ltd
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Lakshya Sethi
Lakshya Sethi
2 months ago

In HM and RM, Route Mobile because there Retail Quota is 35% chance of allotment is good and listing gain will be same like Happiest mind.

Happiest mind chance of allotment is less because of 10% retail Quota.

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