Happiest Minds IPO Review

IPO Status: Closed [7th Sep 2020 to 9th Sep 2020]

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Happiest Minds Technologies Limited IPO will open on 7th to 9th Sep 2020. The price band for IPO is ₹165-166, lot size 90 shares. On this page, gets the complete coverage of Happiest Minds IPO Important Dates including its Key financials, IPO objectives, and others.

Company Incorporated year: 2011

Sector: IT industry

Issue size: Rs. 702.02 Cr.

Website: https://www.happiestminds.com/

About Happiest Minds Technologies Limited

Happiest Minds, positioned as “Born Digital, Born Agile” is an IT service provider that offers various digital services to customers. The key aim of the firm is to deliver customer-centric digital solutions to achieve its mission of “Happiest People, Happiest Customers”.

Company is primarily engaged in 3 key business segments; Digital Business Service (DBS), Product Engineering Service (PES), and Infrastructure Management and Security Service (IMSS). DBS unit works to drive digital modernization and transformation and innovative digital solution, PES BU focuses on capitalizing digital transformation potential, whereas the IMSS unit aims to offer end-to-end monitoring and management services. All of these business segments are supported by three Centre of Excellence (CoE) i.e. Internet of Things, Artificial Intelligence, and Digital Process Automation.

Apart from this, the business further offers various digital technologies such as Robotic Process Automation (RPA), Software-Defined Networking (SDN), Big Data and Advanced Analytics, cloud, Business Process Management (BPM), and others. The firm serves various industries i.e. BFSI, manufacturing, travel, media and entertainment, automotive, retail, engineering R&D, and many others. The business has a worldwide presence with operations across countries i.e. US, UK, Australia, Canada, and the Middle East. Currently, it has 157 active customer base, among which, major customers are based in the US. In 2019, it was ranked as India’s Top 25 Best Workplaces for Women and also won Great Place to Work Certification.

Happiest Minds IPO Objective

The net proceeds from the IPO issuance will be used for the following purposes;

  1. To satisfy general working capital requirements of the business
  2. To meet general corporate purposes of the business

Happiest Minds IPO Issue break-up

Issue break-up
Category No. of Shares (000) In ₹ Cr %
QIB 31,748-31,718 523.84-526.51 75%
NIB 6,350-6,343 104.77-105.30 15%
Retail 4,233-4,229 69.84-70.20 10%
Total 42,330-42,290 698.45-702.02 100%

* Company may allocate up to 60% Shares of the QIB Portion to Anchor Investors.

Happiest Minds IPO Details

Happiest Minds IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Happiest Minds IPO Details
Happiest Minds Issue Details Values
IPO Category Mainline
IPO Issue Type Book Built Issue
IPO Issue Size ₹698.45 Cr to 702.02 Cr
Offer for Sale Up to 35,663,585 Equity Shares
Fresh Issue ₹110 Cr
Face Value ₹2 Per Equity Share
IPO Issue Price ₹165-166
IPO Discount NA
Market Lot 90 Shares
Min Retail Qty 90 Shares (1 lot)
Max Retail Qty 1170 Shares (13 lots)
Promoter Holding Pre IPO 61.77%
Promoter Holding Post IPO 53.25%
IPO Listing At BSE, NSE
BSE Code 543227
NSE Code HAPPSTMNDS

Happiest Minds IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 12,687,028
  • Non-Institutional Investors: 6,343,513
  • Retail Individual Investor: 4,229,009
IPO Bidding Live Updates from BSE + NSE
DayDateQIBNIIRIITotal
  12,687,0286,343,5134,229,00923,259,550
17th Sep 2020 17:020.08x0.62x14.61x2.87x
28th Sep 2020 17:020.47x3.96x38.85x8.40x
39th Sep 2020 17:0277.43x351.46x70.94x150.98x

Happiest Minds Financials for past 3 Years

Past performance and financial results of Happiest Minds.

Happiest Minds financial
Happiest Minds IPO Financials 31-Mar-2020 31-Mar-2019 31-Mar-2018
Total Assets ₹508.15 Cr ₹413.52 Cr ₹386.99 Cr
Total Revenue ₹714.23 Cr ₹601.81 Cr ₹489.12 Cr
Net Profit/Loss ₹71.71 Cr ₹14.21 Cr ₹(22.47) Cr

Happiest Minds IPO Strengths

  • Strong brand presence in digital services as in 2019, it generates 96.9% revenue from digital offerings.
  • Scalable business model with multiple growth drivers.
  • Strong Research & Development (R&D) capabilities that focus on automation, blockchain, Robotic technology, etc.
  • Experienced and professional leadership and IT management team.
  • Proven track record with steadily growing revenues from digital solutions offering.
  • Agile engineering and delivery system i.e. cloud, mobile, testing, IoT, AI, DevOps, etc.

Happiest Minds IPO Threats/Weaknesses

  • High revenue concentration on US-based clients as in 2020, 77.5% of revenue comes from the US clients only.
  • Subdued economic growth and lower market demand.
  • Inability to retain skilled and experienced IT professionals.
  • Revenue concentration on key clients may negatively affect business revenues and profitability.
  • Intense level of competition from offshore and onshore IT services.

Happiest Minds IPO Important Dates

In this section we have covered all important dates related to Happiest Minds IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Happiest Minds IPO important dates
IPO Activity Date
IPO Issue Open Date 7th Sep 2020
IPO Issue Close Date 9th Sep 2020
Basis of Allotment Finalisation Date* 14th Sep 2020
Refunds Initiation* 15th Sep 2020
Credit of Shares to Demat Account* 15th Sep 2020
IPO Listing Date* 17th Sep 2020

* - Tentative Dates

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Happiest Minds IPO Draft Prospectus >>Document

Happiest Minds IPO Red Herring Prospectus >>Document

Happiest Minds IPO Allotment Status >>Link

Company Address

Happiest Minds Technologies Limited
#53/1-4, Hosur Main Road,
Madivala,
Bengaluru - 560 068
Karnataka, India
Website: http://www.happiestminds.com/
Email: http://www.happiestminds.com/
Phone: +91 80 6196 0300 / +91 6196 0400

Registrar

KFIN Technologies Private Limited
Selenium Tower-B, Plot No. 31-32, Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad, Telangana 500 032
Phone: +91-40-6716-2222
Email: [email protected]
Website: [email protected]

Lead Manager

  1. ICICI Securities Limited
  2. Nomura Financial Advisory and Securities Private Limited
Happiest Minds IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Happiest Minds? Should I apply in Happiest Minds IPO?

Last Updated on 2020-09-17T01:45:43+00:00

Happiest Minds IPO FAQs

  1. 1. How to subscribe Happiest Minds IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Happiest Minds IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Happiest Minds IPO with Zerodha.

    Alternate approch to apply in Happiest Minds IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Happiest Minds IPO Review and Important Updates

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  2. 2. How to apply in Happiest Minds IPO online?

    Apply in Happiest Minds IPO online

    To subscribe or apply in Happiest Minds IPO, you can use the following methods:

    Happiest Minds IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Happiest Minds IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Happiest Minds IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Happiest Minds IPO. Most of the Syndicate Banks provide access to apply in Happiest Minds IPO via ASBA process. You must have your net banking access, DP ID information to apply in Happiest Minds IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Happiest Minds IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Happiest Minds IPO Review and Important Updates

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  3. 3. How to download online application form for Happiest Minds IPO?

    Applying in Happiest Minds IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Happiest Minds IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Happiest Minds IPO, please refer article >> Link

    Happiest Minds IPO Review and Important Updates

    Steps to download the online application form for Happiest Minds IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 90 and max 1170 Shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Happiest Minds IPO?

    Happiest Minds IPO is going to be list on 17-09-2020. NSE Code for Happiest Minds is HAPPSTMNDS. BSE Code for Happiest Minds is 543227.

    Other relevant questions:

    When Happiest Minds IPO will be listing? Happiest Minds IPO NSE listing date?Happiest Minds IPO date of listing.Happiest Minds IPO BSE listing date?

     

  5. 5. When Happiest Minds IPO will be allocated?

    Happiest Minds IPO Allotment Date is 14-09-2020.

    Other relevant questions:

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User Comments

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18. Vinay Jain  9/14/2020 11:48:13 PM Reply
Happiest Minds IPO Allotement Status will be available shortly on below links -
https://ris.kfintech.com/ipostatus/
https://www.bseindia.com/investors/appli_check.aspx
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18.1. Vikram Singh  9/15/2020 1:40:52 PM
Out of 5 applications not received in 1. So sad.....Wastage of time and money.
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18.2. Dr Kiran  9/15/2020 1:42:17 PM
Same with me applied in 3 applications - No Success.
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18.3. Babu  9/15/2020 1:43:41 PM
Received one lot out of 5 applications. Let see how listing goes.
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17. Ramanujan  9/9/2020 2:09:42 PM Reply
Happiest Minds GMP today is Rs. 150-160.
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16. Jay  9/9/2020 1:50:51 PM Reply
HM IPO oversubscribed in all category including NII, retail, and QIB as well.
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15. mlkrl  9/8/2020 4:39:55 PM Reply
Happiest Minds IPO latest GMP????
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15.1. GMP Updates  9/8/2020 8:35:25 PM
Happiest Minds GMP - INR 125
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14. Prakash  9/7/2020 3:25:42 PM Reply
Happiest Minds IPO retail proportion is fully-subscribed within just few hours after its open.
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14.1. Shrinivasan  9/8/2020 4:15:35 PM
Based on IPO GMP, happiest Minds IPO looks very strong but allotment is really difficult.
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13. Rahul  9/6/2020 12:08:32 AM Reply
Its ipo are bad or not
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12. Kavya B  8/25/2020 11:36:17 PM Reply
Please confirm Happiest Minds IPO GMP (grey market premium) and kostak.
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12.1. GMP Info  9/2/2020 10:19:16 AM
Happiest Minds Current GMP 115
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12.2. GMP Update  9/4/2020 8:26:13 PM
Latest GMP for Happiest Minds - 110 in Ahmedabad
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11. MK Jain  9/4/2020 7:46:25 PM Reply
Good listing gain expected from Happiest Minds IPO.
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10. kkk  9/4/2020 7:34:33 PM Reply
Happiest Minds IPO GMP shoots up 75% on account of its IPO coming
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9. PK Jain  9/3/2020 3:42:15 PM Reply
How many lots should I apply to get Happiest Minds IPO allotment?
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9.1. Team TopShareBrokers  9/3/2020 3:46:38 PM
In case of IPO oversubscription, getting share allotment is really tough, so instead of applying for multiple lots, it''s better to apply 1 lot of Happiest Mind IPO from different accounts with different PAN number like you can apply IPO from your family members account.

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