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IPO Status: Listed [7th Sep 2020 to 9th Sep 2020]
| IPO Issue Opening Date: | 7th Sep 2020 |
| IPO Issue Closing Date: | 9th Sep 2020 |
| IPO Issue Price: | ₹165-166 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 18.18 |
| IPO Issue Type: | Book Build 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 Discount: | NA |
| Promoter Holding Pre IPO: | 61.77% |
| Promoter Holding Post IPO: | 53.25% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543227 |
| NSE Code: | HAPPSTMNDS |
Get important updates regarding Happiest Minds IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 14th Sep 2020 |
| Refunds Initiation* | 15th Sep 2020 |
| Credit of Shares to Demat* | 15th Sep 2020 |
| IPO Listing Date* | 17th Sep 2020 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹165-166 |
| Market Lot: | 90 Shares |
| 1 Lot Amount: | ₹14940 |
| Min Small HNI Lots(2-10 Lakh): | 1260 shares(14 lots) |
| Min Big HNI Lots(10+ Lakh): |
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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/
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.
| Incorporation | Sector | IPO Issue Size | Website |
| NULL | NULL | ₹698.45 Cr to 702.02 Cr | http://www.happiestminds.com/ |
The net proceeds from the IPO issuance will be used for the following purposes;
| 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.
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 12,687,028 (54.55%) | 6,343,513 (27.27%) | 4,229,009 (18.18%) | 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 |
| 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 |
Last Updated on 22-Sep-2020 09:59:07
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