Happiest Minds Technologies Ltd IPO Message Board (Page 23)

DHANU rashi walo will get the advantages of allotment. They have a good financial time from 13th

As recent retail subscription level is increasing day by day, it will be better if Sebi decreases lot value from current 1200 to 15000rs to 6000rs to 7500rs for better allotment chances for retail investors...

SEBI had done reverse thing.Raised value from earlier 6000-7000 to 12000-15000.I think somewhere in mid-way 10000-12000 should be fair for better allocation to RIIs.

But decreasing the lot price band will also result in more people applying for IPO’s. I think SEBI should make it mandatory for all companies to allot a minimum of 40% share for the Retail category, 20% shares for the NII category and 40% for the QIB category. Ipo means going public and to be a company who is really public you should offer a minimum of 40% to the retail investors.

When will allotment happen and how to find out?

Route Mobile 185
Happiest mind 146

Dear Experts --- @Aniketiaf, @Chemcho, and others...

Suggest few good stocks for long term (1-3 years) investments...

Hdfc amc, deepak nitrate, yes bank..

P patel,
Some smallcap shares already mentioned at Route Mobile page.
In largecap, Reliance, Hdfc Quartet , Bharti airtel, Kotak bk, Upl, Sun pharma, Cipla may be a better choice.
For medium term Tata chemical, Bandhan bank, Yes bank can also be considered.
Thanks.

i had applied through ASBA and amount is lien in sbi online
but i have not received any massage and email amount bid
form bse.ibbs

Also not received
But route mobile message received

No Problem, Majority didnt receive it for HMT Ltd IPO

Hello
I have applied in Zerodha where it says complete but never got IPO mandate
Zerodha is not helping it now as IPO closed

Whom can help to check and re-initiate mandate

Pls help

Who wants to apply in your mode better apply on 1sr r 2nd only, it's is not suggestible to apply through upi on last day
Always it's better to apply ASBA mode

You mean nothing can be done on this application now - The Register or Bank ?

Gmp

146 152 .

I think now reach to 166

it will list above 300/-
confirm.

Hey Everyone, I had applied for this IPO for my friend via her HDFC bank account using her DP details & PAN. And today when I checked the application status in BSE India it says UPI confirmation status as PENDING!

Is this expected ? Anyone who had applied via BANK ASBA could let me know what is the status they see for their application in BSE INDIA site ?

you can ignore UPI status if applied through netbanking ASBA.

@Prayag
ah okay, thankyou!

HAPPIEST MINDS TECHNOLOGIES IPO

GMP 127 +/- 1

M'm hold or sell for listing gain in both HMT & RML. I somehow hv the feeling that RML can run like Affle India.

GMP of RML is 175-180
GMP of HMT is 115-120

Is there premium of RML is down today ?

Yes

Interest cost for HNIs turns out to be almost 90 rs per share..So min listing should be 166+90=256 rs. If lists below 256, HNIs will incur loss.
Looking at the subscription and improving market conditions it should list at 290-295.

Yes, to be very exact number HNI insterst cost is Rs 84 @ 7.5% rate of interst.

166+84 = Rs 250 is the HNI Cost.

i think it can open around Rs ~300 and close at Rs 350.

at 300rs we can start accumulation. Happiest minds work on lots of new technology among drone technology recently Amozan in US allowed to drone for delivary if this model is successful then Happiest minds will be at sweet spot. apart from digital business.

@giri
Nice statistics.

Third party applications reject hogy kya ?
Kisike paas inke Bare me information ho to please bataye

Jaha tak mere ko pta hai
UPI ke through agar apply kiye ho toh third party transaction reject ho sakta hai
But agar net banking ke through apply kiye ho tab third party transaction allowed hai

Read RHP of Happiest mind
Page no 384 point no 24

I have get ipo happiest mind 1 lot but upi not working I will pay online bhim upi phone pay but not successful my order

chances are allotment are very bleak.
Worth buying on the day of listing?
For intraday and long term?

Depend on Listing price if near 50% Issue prise..then Grab opportunity Otherswise U long term investor then Add on every Dip

Gmp 134 138

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HAPPIEST MINDS TECHNOLOGIES IPO – Schedule *(Page #367 of RHP)*

02nd Sept – Announcement of Price Band
04th Sept – Anchor Investors Allotment
07th Sept – Offer Opens
09th Sept – Offer Closes
14th Sept – Finalisation of Basis of Allotment
15th Sept – Unblocking of ASBA Accounts
15th Sept – Credit of Equity Shares to Depository Accounts
17th Sept – Commencement of Trading


HAPPIEST MINDS TECHNOLOGIES IPO – Issue Information *(Final)*

Issue Opens on: 07 September 2020
Issue Closes on: 09 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 4,22,90,091 Shares
Face Value: Rs.2/- per Share
Issue Price: Rs.160 – Rs.166 per Share
Discount: NIL
Market Lot: 90 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 14,02,37,050 Shares
Fresh Issue of 66,26,506 Shares @166/- = Rs.110.00Crs
Offer for Sale of 3,56,63,585 Shares @166/- = Rs.592.02.28Crs
Equity Shares outstanding after the Issue = 14,68,63,556 Shares

Category-wise Break up:
Anchor – 1,90,30,541 Shares = 315.91Crs
QIB – 1,26,87,027 Shares = 210.60Crs
NII – 63,43,514 Shares = 105.30Crs
RII – 42,29,009 Shares = 70.20Crs (Lot size: 90 = 46,989 Forms)
Total Issue – 4,22,90,091 Shares = 702.02Crs.

Subscription required for 1X
RII = 46,989 Forms
NII = 105.30 Crs


HAPPIEST MINDS TECHNOLOGIES IPO – Financial Information (Basis of Valuation)

EPS for FY17-18 >>> Rs.(3.13) (Page #112 of RHP)
EPS for FY18-19 >>> Rs.1.16 (Page #112 of RHP)
EPS for FY19-20 >>> Rs.5.36 (Page #112 of RHP)
EPS for Q120-21 >>> Rs.3.72 (Page #112 of RHP)

RoNW for FY17-18 >>> (20.60)% (Page #113 of RHP)
RoNW for FY18-19 >>> (21.10)% (Page #113 of RHP)
RoNW for FY19-20 >>> 27.10% (Page #113 of RHP)
RoNW for Q120-21 >>> 15.70% (Page #113 of RHP)

NAV as on March 31, 2020 was Rs.26.00 (Page #113 of RHP)
NAV as on June 30, 2020 was Rs.23.70 (Page #113 of RHP)

Listed Industry Peer Group (Page #114 of RHP): TCS, Infosys, LTI, Mindtree

 
HAPPIEST MINDS TECHNOLOGIES IPO – *Market’s Current Estimates of oversubscription*:

RII = 22.00L Forms = 46.85X Applic. wise (Avg allotment of ~1.92 shares per lot)
NII = 37K Crs. = ~351.46X

Interest cost *@7.00%p.a.* for 7days = 22.28paise for 1X

Thus, for NII the costing = 351.46 X 22.28paise = Rs78.32per share (= GMP)

And, for RII the costing = 1.92 X 78.32 = Rs.150/- (= Kostak)


HAPPIEST MINDS TECHNOLOGIES IPO – *GMP Estimated*
GMP 110 +/- 1
Kostak 200 +/- 25


HAPPIEST MINDS TECHNOLOGIES IPO –

LAST Day at 5:00PM (FINAL)

The following data is assuming the shares will be issued at @166/- (upper price band)

QIB*: 77.43X (*Excluding Anchor)
NII: 351.46X (Interest Cost ~78.32)
RII: 70.94X
Total: 150.98X

*RII Applications: 22.01L* Approx
No. of Applic-wise: 46.85X

Thank you

@Eagleye
Please explain how this figure calculated I want to know

*RII Applications: 22.01L* Approx
No. of Applic-wise: 46.85X

Koi gyani ho to batao how do we get data of RII application figures that is approx

@CLD
There is no limit of fools in indian stock market.

please guys help somebody who is knowledgeable

How ????

Approx No. of Applications : 2,201,505
No. of Times-Applicationwise : 46.85

how aboue figure comes please explain I really need to know

@Eagleye

I applied on upstox and got ipo mandate on bhim. But it did not work properly and gave this error.

" Missing en_us translation" . My money is also not locked. what can i do here?