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Happiest Minds Technologies Ltd.

Happiest Minds Technologies Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹166
₹166
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹166
Based on GMP
Min. Investment
₹14,940
1 lot × 90 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
07 Sep 2020
Close Date
09 Sep 2020
Allotment
14 Sep 2020
Listing Date
17 Sep 2020
Exchange
NSE & BSE
Price Band
₹166
Listing Price
See chart
Allotment Status
Price Band
₹166
Per share
Face Value
₹2 per share
 
Lot Size
90 Shares
per lot
Issue Size
4,22,90,091 shares (aggregating up to ₹702.02 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,940
1 lot
Pre-IPO Holding
14,02,37,050 shares
Promoters
Post-IPO Holding
14,68,63,556 shares
Promoters
UPI Deadline
2020-09-09
Mandate
Anchor AllotmentFri, 04 Sep 2020
Basis of AllotmentMon, 14 Sep 2020
Refund InitiationTue, 15 Sep 2020
Demat CreditTue, 15 Sep 2020
Listing DayThu, 17 Sep 2020
UPI Mandate Deadline2020-09-09
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares66,26,506 shares (aggregating up to ₹110.00 Cr)
Offer for Sale3,56,63,585 shares of ₹2 (aggregating up to ₹592.02 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Happiest Minds Technologies Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 Sep 2020.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
42,290,091
100% ₹702.02
IPO Shares Offered
Happiest Minds Technologies Ltd. IPO total issue size: ₹702.02 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 42,290,091 ₹702.02
100.00%
* Based on upper price band ₹166 per share
Lot Size & Investment
Lot Size
90
Shares per Lot
Issue Price
₹166.00
Upper Band
Min Investment
₹14,940
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2180₹29,880
Retail (Max — 13 Lots)131,170₹194,220
S-HNI (Min — 14 Lots)141,260₹209,160
B-HNI (Min — 68 Lots)686,120₹1,015,920
* Issue Price ₹166 × Lot Size 90 shares
IPO Schedule
Anchor
04 Sep 2020
✓ Done
IPO Open
07 Sep 2020
✓ Done
IPO Close
09 Sep 2020
✓ Done
Allotment
14 Sep 2020
✓ Done
Refunds
15 Sep 2020
✓ Done
Demat Credit
15 Sep 2020
✓ Done
Listing Day
17 Sep 2020
✓ Done
Happiest Minds Technologies Ltd. — Live Price LIVE
₹166.00
INR · BSE
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Issue ₹166.00 Live Price
About Happiest Minds Technologies Ltd.
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 Strengths1. Focused on software product development2. Strong Brand in offering Digital IT services3. End to End digital lifecycle4. Agile Engineering and Delivery
Objects of the Issue
1
1 To meet long term working capital requirements
2
2 General corporate purposes
Happiest Minds Technologies Ltd. Financials (Amount in Crore)
Revenue from Operations
₹601.8
31-Mar-19
₹714.2
31-Mar-20
₹187.0
30-Jun-20
Profit After Tax (PAT)
₹14.2
31-Mar-19
₹71.7
31-Mar-20
₹50.2
30-Jun-20
Particulars30-Jun-2031-Mar-2031-Mar-19
Revenue from Operations 186.99 714.23 601.81
EBITDA N/A N/A N/A
Profit After Tax (PAT) 50.18 71.71 14.21
Net Worth N/A N/A N/A
Total Assets 573.08 573.08 413.52
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered4,22,90,091 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding14,02,37,050 shares
Post-Issue Promoter Holding14,68,63,556 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
ICICI Securities Ltd.
Nomura Financial Advisory & Securities (India) Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Happiest Minds Technologies Ltd. IPO subscribed?

Happiest Minds Technologies Ltd. IPO is subscribed 1.00 times by Sep 09, 2020. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Happiest Minds Technologies Ltd. IPO retail subscription status?

The Happiest Minds Technologies Ltd. IPO retail category is subscribed 1.00 times as of 09 Sep 2020. The retail portion is oversubscribed.

How to subscribe Happiest Minds Technologies Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 07 Sep 2020 and closes 09 Sep 2020. Min investment: ₹14,940 (1 lot = 90 shares). UPI mandate: 2020-09-09.

How many times Happiest Minds Technologies Ltd. IPO subscribed?

The Happiest Minds Technologies Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Happiest Minds Technologies Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 14 Sep 2020. Refunds: on 15 Sep 2020.

When Happiest Minds Technologies Ltd. IPO will be listed?

The Happiest Minds Technologies Ltd. IPO listing date is 17 Sep 2020, Thursday. Listed on: NSE & BSE. Issue price: ₹166. Estimated listing: ₹166. GMP: NIL.

When Happiest Minds Technologies Ltd. IPO close?

The Happiest Minds Technologies Ltd. IPO closes on 09 Sep 2020, Wednesday. UPI mandate: 2020-09-09. Allotment: 14 Sep 2020. Listing: 17 Sep 2020.