Happiest Minds Technologies Ltd IPO Message Board (Page 37)

Notorious corrupt registrar karvy , faced ban several times , seems changed into new avatar as KFin ???

Karvy have many business like stock broking and RTA.
Kfin is not a new company.
it functions as an RTA to many Mutual Fund AMC just like CAMS.
also Kfin functions as Registrar to many company just like Alankit and Link Intime.

and it was karvy stock broking and not Kfin who did the pledge scam

NII - 100x means minimum lots should be 100 To get one lot in the allotment i.e 15 lakhs in total

200x - 30 lakhs
300x - 45 lakhs
400x - 60 lakhs

Correct me if iam wrong

5-6 IPO IN NEXT WEEK. SO POSSIBILITY TO APPLY ONLY 1-2 FOR RETAIL INVESTOR. WHY ALL IPO IN 1 WEEK. SEBI CAN CHANGE THE RULES.

Respected Chittorgarh team. When will the shares of HAL ofs credit in my demat account? I applied in the ofs of HAL company at last Friday.

Check your account. It should be there otherwise contact your broker.

@aditya, I applied for Hal ofs. Shares were allotted on Monday and was in T1 state. I sold all allotment on Monday itself. My demat account is with Zerodha.

Please check your DP/broker for details. It seems there is some serious issue

This IPO will be subscribed upto 100 times. Very very tough allotment for retail. Luckiest allottees will get 100% porfit on listing.

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

RII = 15.00L Forms = 31.92X Applic. wise (Avg allotment of ~2.82 shares per lot)
NII = 50K Crs. = ~474.82X

Interest cost *@7.50%p.a.* for 7days = 23.88paise for 1X

Thus, for NII the costing = 474.82 X 23.88paise = Rs113.37 per share (= GMP)

And, for RII the costing = 2.82 X 113.37 = Rs.320/- (= Kostak)


HAPPIEST MINDS TECHNOLOGIES IPO – *GMP Estimated*
GMP 115 +/- 2
Kostak 325+/- 25

Thanks for your valuable information

RETAIL PORTION ONLY 10% WHY? 35% RETAIL PORTION IN GOOD FOR RETAIL INVESTOR. CHANCE OF ALLOTMENT VERY LESS.

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 – Issue Information

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 – Schedule

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

RETAIL QUOTA IS ONLY 10%.

Hi admin, message takes longer time to appear after posting. Please check.

Getting allotment in retail category will be extremely difficult in this ipo

Yes allotment for retail will be tough in this ipo as only 10% quota available for retail.

LATEST gmp?

Rs 115 to 120

Must apply,
Allotment will be very tuff..

Nice to see the start of IPO schedule in September by Happiest Mind after a Lull of August. congratulation to all the boarders.

Can someone share PE of the company at 165 rupee? Also is company debt free? Why only 3 years results are given on this page?

Retail portion not more than 10% of the offer Advertisement in Financial Express

Its Mindtree company. Promoter Mr. A Soota was a co-founder of listed Mindtree, which traded at PE 26, whereas at IPO H Mind demands PE 31. Mind is Sad.

Thank you admin for updating the schedule...
Can you please confirm the retail quota?