Back

Happiest Minds Technologies Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹166
Per Share
GMP
NIL
Grey Market
Est. Listing
₹166
Expected Price
Min. Application
₹29,880
2 lots × 90 shares
IPO Issue Details
Issue Price / Price Band₹166 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size90 Shares per Lot
Total Issue Size4,22,90,091 shares (aggregating up to ₹702.02 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 07 Sep 2020
Subscription CloseWed, 09 Sep 2020
Anchor AllotmentFri, 04 Sep 2020
Basis of AllotmentMon, 14 Sep 2020
Initiation of RefundsTue, 15 Sep 2020
Credit of Shares to DematTue, 15 Sep 2020
Listing DateThu, 17 Sep 2020
UPI Mandate Deadline2020-09-09
Application & Investment Details
Retail — Min (1 Lots)₹14,940 — 90 shares
Retail — Max (13 Lots)₹194,220 (13 Lots)
HNI — Min (14 Lots)₹2,09,160 — 1,260 shares
Pre-IPO Promoter Holding14,02,37,050 shares
Post-IPO Promoter Holding14,68,63,556 shares
Fresh Issue Shares66,26,506 shares (aggregating up to ₹110.00 Cr)
Offer for Sale Shares3,56,63,585 shares of ₹2 (aggregating up to ₹592.02 Cr)
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

Happiest Minds Technologies Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 To meet long term working capital requirements
101.00
2
2 General corporate purposes
3.03
Shareholding & Lock-in
Pre-IPO Promoter Holding 14,02,37,050 shares
Post-IPO Promoter Holding 14,68,63,556 shares
Lock-in Period (30%)October 14, 2020
Lock-in Period (50%)December 13, 2020
Check AllotmentCheck Status →
Happiest Minds Technologies Ltd. — Live Price LIVE
₹166.00
INR · BSE
Fetching live data…
VS Issue Price
OPEN
HIGH
LOW
MKT CAP
P/E
52W HIGH
52W LOW
VOLUME
DIVIDEND
DIV YIELD
Loading chart…
Chart Not Available
Happiest Minds Technologies Ltd. is not yet listed on Yahoo Finance or has a different ticker symbol.
Try again after listing stabilises (2-3 trading days).
Issue ₹166.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹166
GMPNIL
Est. Listing₹166
Lot Size90 shares
Min Amount₹29,880
Listing Date17 Sep 2020
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹166
Listing Date17 Sep 2020
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 42,290,091 100.00% ₹702.02 Cr
* Based on ₹166.00 (upper price band)
Lot Size & Investment Details
Lot Size
90
Shares
Issue Price
₹166.00
Per Share
Min Investment
₹14,940
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 90 ₹14,940
Retail (Max) 13 1,170 ₹194,220
sNII (Min) 14 1,260 ₹209,160
bNII (Min) 68 6,120 ₹1,015,920
Company Financials — Restated Consolidated (Amount in Crore)
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
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹166
Face Value ₹2 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW N/A
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Happiest Minds Technologies Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹2 Per Share
Script Code
N/A
Address
53/1-4, Hosur Main Road, Madivala (Next to Madivala Police Station), Bengaluru - 560 068 Bengaluru, Karnataka
Book Running Lead Managers
ICICI Securities Ltd.
Book Running Lead Manager (BRLM)
Nomura Financial Advisory & Securities (India) Pvt.Ltd.
Book Running Lead Manager (BRLM)