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Happiest Minds IPO is a book built issue of Rs 702.02 crores. The issue is a combination of fresh issue of 0.66 crore shares aggregating to Rs 110.00 crores and offer for sale of 3.57 crore shares aggregating to Rs 592.02 crores.
Happiest Minds IPO bidding started from September 7, 2020 and ended on September 9, 2020. The allotment for Happiest Minds IPO was finalized on Monday, September 14, 2020. The shares got listed on BSE, NSE on September 17, 2020.
Happiest Minds IPO price band is set at ₹165 to ₹166 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹14,940.
ICICI Securities Limited and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Happiest Minds IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Happiest Minds IPO RHP for detailed information.
| IPO Date | September 7, 2020 to September 9, 2020 |
| Listing Date | September 17, 2020 |
| Face Value | ₹2 per share |
| Price Band | ₹165 to ₹166 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 42,290,091 shares (aggregating up to ₹702.02 Cr) |
| Fresh Issue | 6,626,506 shares (aggregating up to ₹110.00 Cr) |
| Offer for Sale | 35,663,585 shares of ₹2 (aggregating up to ₹592.02 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 140,237,050 |
| Share holding post issue | 146,863,556 |
Happiest Minds IPO offers 23,259,550 shares. 12,687,028 (54.55%) to QIB, 6,343,513 (27.27%) to NII, 4,229,009 (18.18%) to RII. 46,988 RIIs will receive minimum 90 shares and (sNII) and (bNII) will receive minimum 1,260 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 12,687,028 (54.55%) | NA |
| NII (HNI) Shares Offered | 6,343,513 (27.27%) | |
| Retail Shares Offered | 4,229,009 (18.18%) | 46,988 |
| Total Shares Offered | 23,259,550 (100%) |
Happiest Minds IPO opens on September 7, 2020, and closes on September 9, 2020.
| IPO Open Date | Monday, September 7, 2020 |
| IPO Close Date | Wednesday, September 9, 2020 |
| Basis of Allotment | Monday, September 14, 2020 |
| Initiation of Refunds | Tuesday, September 15, 2020 |
| Credit of Shares to Demat | Tuesday, September 15, 2020 |
| Listing Date | Thursday, September 17, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 9, 2020 |
Investors can bid for a minimum of 90 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,940 |
| Retail (Max) | 13 | 1170 | ₹194,220 |
| Lot Size Calculator | |||
Mr. Ashok Soota is the promoter of the company.
| Share Holding Pre Issue | 61.77% |
| Share Holding Post Issue | 53.25% |
Incorporated in 2011, Positioned as "Born Digital. Born Agile" Happiest Minds Ltd is a Bangalore based IT service provider company. The business of the company is divided into three categories; Digital Business Service (DBS), Product Engineering Service (PES) and Infrastructure and Management Security Service ( IMSS).
The DBS unit offers digital application development & modernisation, assistance in designing & testing of operations, management of the platform, consulting and domain led offerings.
PES unit helps by transforming the potential of digital by making the product secure and smart. Wherein, IMSS provides an end to end monitoring and management capability for applications and infrastructure of the clients.
As of June 30, 2020, Happiest Minds had 148 active customers and has a global presence in countries like US, UK, Australia, Canada and the Middle East. The business units of the company is assisted by the 3 Centres of Excellence which are Internet of Things, Analytics / Artificial Intelligence, and Digital Process Automation. In Fiscal 2020, 96.9% of the company's revenues came from digital services which is one of the highest among Indian IT companies.
Happiest Minds delivers services across industry sectors such as Retail, Edutech, Industrial, BFSI, Hi-Tech, Engineering R&D, Manufacturing, Travel, Media and Entertainment.
Competitive Strengths
1. Focused on software product development
2. Strong Brand in offering Digital IT services
3. End to End digital lifecycle
4. Agile Engineering and Delivery
| Particulars | For the year/period ended (Rs in Million) | ||||
|---|---|---|---|---|---|
| 30-Jun-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 5,730.8 | 5,081.5 | 4,135.2 | 3,869.9 | |
| Total Revenue | 1,869.9 | 7,142.3 | 6,018.1 | 4,891.2 | |
| Profit After Tax | 501.8 | 717.1 | 142.1 | (224.7) | |
The company proposes to utilise the Net Proceeds from the fresh issue towards funding the following objects:
1. To meet long term working capital requirement; and
2. General corporate purposes
[Dilip Davda] Based on financial parameters, issue appears fairly priced with something on the table. The company has adopted a mindful IT strategy for its future growth. Investors may consider subscribing this IPO for medium to long term rewards. Read detail review...
The Happiest Minds IPO is subscribed 150.98 times on September 9, 2020 5:00:07 PM. The public issue subscribed 70.94 times in the retail category, 77.43 times in the QIB category, and 351.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 2201505 times
| Category | Subscription (times) |
|---|---|
| QIB | 77.43 |
| NII | 351.46 |
| Retail | 70.94 |
| Total | 150.98 |
The Percentage of Offer Size available for Allotment/allocation:
| Listing Date | September 17, 2020 |
| BSE Script Code | 543227 |
| NSE Symbol | HAPPSTMNDS |
| ISIN | INE419U01012 |
| Final Issue Price | ₹166 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹166.00 |
| ₹351.00 |
| ₹351.00 |
| ₹395.00 |
| ₹371.00 |
| NSE |
|---|
| ₹166.00 |
| ₹350.00 |
| ₹350.00 |
| ₹394.95 |
| ₹370.95 |
Happiest Minds Technologies Ltd
53/1-4, Hosur Main Road,
Madivala (Next to Madivala Police Station),
Bengaluru - 560 068
Phone: +91 80 6196 0300
Email: investors@happiestminds.com
Website: http://www.happiestminds.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: happiestminds.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Happiest Minds IPO is a main-board IPO of 42,290,091 equity shares of the face value of ₹2 aggregating up to ₹702.02 Crores. The issue is priced at ₹165 to ₹166 per share. The minimum order quantity is 90 Shares.
The IPO opens on September 7, 2020, and closes on September 9, 2020.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Happiest Minds IPO using UPI as a payment gateway. Zerodha customers can apply in Happiest Minds IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Happiest Minds IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Happiest Minds IPO opens on September 7, 2020 and closes on September 9, 2020.
Happiest Minds IPO lot size is 90 Shares, and the minimum amount required is ₹14,940.
You can apply in Happiest Minds IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Happiest Minds IPO will be done on Monday, September 14, 2020, and the allotted shares will be credited to your demat account by Tuesday, September 15, 2020. Check the Happiest Minds IPO allotment status.
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I THINK GOOD COMPANY OF HAPPIEST MIND FOR LONG TIME ????????????
Success full manage 2 company in past .