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Happiest Minds IPO: Price, Allotment, Listing, Subscription, Gmp

Happiest Minds IPO
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Happiest Minds IPO: Company (Happiest Minds), a Mindful IT Company, applies agile methodologies to enable digital transformation for enterprises and technology providers by delivering seamless customer experience, business efficiency and actionable insights. They leverage a spectrum of disruptive technologies such as: Big Data Analytics, AI & Cognitive Computing, Internet of Things, Cloud, Security, SDN-NFV, Blockchain, Automation including RPA, etc. Positioned as “Born Digital . Born Agile”, their capabilities spans across product engineering, digital business solutions, infrastructure management and security services. They deliver these services across industry sectors such as retail, edutech, industrial, BFSI, hi-tech, engineering R&D, manufacturing, travel, media and entertainment, and others.

A Great Place to Work-Certified™ company, Happiest Minds is headquartered in Bangalore, India with operations in the U.S., UK, Canada, Australia and Middle East.

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

Company Promoters:

Mr. Ashok Soota is the promoter of the company


Financials of Happiest Minds Technologies Ltd.:

Particulars / Period ended30/06/20
(₹ in Million)
31/03/20
(₹ in Million)
31/03/19
(₹ in Million)
31/03/18
(₹ in Million)
Total Assets5730.85081.54135.23869.9
Total Revenue1869.97142.36018.14891.2
Profit After Tax501.8717.1142.1-224.7

Happiest Minds IPO Details

IPO DateSep 7, 2020 – Sep 9, 2020
Issue TypeBook Built Issue IPO
Issue Size42,290,091 Eq Shares of ₹2
(aggregating up to ₹702.02 Cr)
Fresh Issue6,626,506 Eq Shares of ₹2
(aggregating up to ₹110.00 Cr)
Offer for Sale35,663,585 Eq Shares of ₹2
(aggregating up to ₹592.02 Cr)
Face Value₹2 per equity share
IPO Price₹165 to ₹166 per equity share
Market Lot90 Shares
Min Order Quantity90 Shares
Listing AtBSE, NSE

Shares to buy Today

Tentative Date / Timetable of Happiest Minds IPO

Bid/Offer Opens OnSep 7, 2020
Bid/Offer Closes OnSep 9, 2020
Finalisation of Basis of AllotmentSep 14, 2020
Initiation of RefundsSep 15, 2020
Credit of Shares to Demat AcctSep 15, 2020
IPO Shares Listing DateSep 17, 2020

Happiest Minds IPO Latest Grey Market Premium (GMP)

DATEOFFER PRICEGREY MARKET PREMIUMKOSTAK RATES
14.09.2020Rs. 166Rs. 125-130N.A.
13.09.2020Rs. 166Rs. 115-120N.A.
12.09.2020Rs. 166Rs. 115-120N.A.
11.09.2020Rs. 166Rs. 115-120N.A.
10.09.2020Rs. 166Rs. 115-120N.A.
09.09.2020Rs. 166Rs. 130-140Rs. 250
09.09.2020Rs. 166Rs. 150-160Rs. 350
08.09.2020Rs. 166Rs. 110-115Rs. 450
07.09.2020Rs. 166Rs. 105-110Rs. 425
06.09.2020Rs. 166Rs. 108-111Rs. 425
04.09.2020Rs. 166Rs. 108-111Rs. 425
04.09.2020Rs. 166Rs. 108-111Rs. 425
03.09.2020Rs. 166Rs. 115-120Rs. 450
02.09.2020Rs. 166Rs. 115-120Rs. 450
01.09.2020Rs. 166Rs. 115-120Rs. 450

IPO Subscription details of Happiest Minds IPO

Subscription (Category Wise)Shares OfferedDay 1Day 2Day 3
QIB12,687,0280.08x0.47x77.43x
NII6,343,5130.62x3.96x351.46x
Retail4,229,00914.61x38.85x70.94x
Total23,259,5502.87x8.40x150.98x

IPO Allotment Status of Happiest Minds IPO

Happiest Minds IPO Allotment Status can be checked here by clicking Below Link. Allotment of Equity Shares as per the Fresh Issue and move of the Offered Shares of the Promoter Selling Shareholders compliant with the Offer available to be purchased to the effective Bidders.


Company Contact Information

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
Websitehttp://www.happiestminds.com/

Happiest Minds IPO Registrar

KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32, Financial District, Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001
Email: happiestminds.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Also Read: Upcoming IPO list 2020

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