IPO Status: Closed [7th Sep 2020 to 9th Sep 2020]
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.
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.
The net proceeds from the IPO issuance will be used for the following purposes;
|Category||No. of Shares (000)||In ₹ Cr||%|
* Company may allocate up to 60% Shares of the QIB Portion to Anchor Investors.
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 Issue Details||Values|
|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|
|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|
The table below is live update of IPO bidding details from NSE and BSE.
|12,687,028||6,343,513||4,229,009||23,259,550||1||7th Sep 2020 17:02||0.08x||0.62x||14.61x||2.87x||2||8th Sep 2020 17:02||0.47x||3.96x||38.85x||8.40x||3||9th Sep 2020 17:02||77.43x||351.46x||70.94x||150.98x|
Past performance and financial results of Happiest Minds.
|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|
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.
|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
Last Updated on 2020-09-17T01:45:43+00:00
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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.
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To subscribe or apply in Happiest Minds IPO, you can use the following methods:
|Happiest Minds IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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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
Steps to download the online application form for Happiest Minds IPO
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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?