Happiest Minds IPO Details
Happiest Minds IPO description – Happiest Minds Technologies provides end-to-end solutions in digital business, product engineering, infrastructure management and security services. It offers solutions across the spectrum of various digital technologies such as Robotic Process Automation (RPA), Software-Defined Networking/Network Function Virtualization (SDN/NFV), Big Data and advanced analytics, Internet of Things (IoT), cloud, Business Process Management (BPM) and security. As of 31 March 2020, the company had 157 active customers with average revenue per customer at USD 614,675 in FY2020. Its repeat business (revenue from existing customers) has steadily grown and has contributed a significant portion of its revenues from contracts with customers over the years indicating a high degree of customer stickiness.
Promoter of Happiest Minds Technologies – Ashok Soota
| Happiest Minds Technologies IPO details | |
| Subscription Dates | 7 – 9 September 2020 |
| Price Band | INR165 – 166 per share |
| Fresh issue | INR110 crore |
| Offer For Sale | 35,663,585 shares (INR588.45 – 592.01 crore) |
| Total IPO size | INR698.45 – 702.01 crore |
| Minimum bid (lot size) | 90 shares |
| Face Value | INR2 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
|
Happiest Minds Technologies financial performance (in INR crore) |
||||
| Â | FY2018 |
FY2019 |
FY2020 |
Q1 FY2021 |
| Revenue | 489.1 |
601.8 |
714.2 | 187.0 |
| Expenses | 512.2 |
576.3 |
629.4 |
146.2 |
| Net income | -25.2 |
17.4 |
60.5 |
54.5 |
| Net margin (%) | -5.2 |
2.9 |
8.5 |
29.1 |
More about Happiest Minds Technologies IPO
Registrar of Happiest Minds Technologies IPO
KFin Technologies Private LimitedÂ
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551
Email: [email protected]
Website:Â www.kfintech.com
Happiest Minds Contact Details
Happiest Minds Technologies Limited
#53/1-4, Hosur Main Road, Madivala (Next to Madivala Police Station) Bengaluru – 560 068, Karnataka
Phone: +91 80 6196 0300
Email: [email protected] Website:Â www.happiestminds.com
Valuation of Happiest Minds (as of FY2020)
Earnings Per Share (EPS): INR5.36
Price/Earnings (PE ratio): 30.78 – 30.97
Return on Net Worth (RONW): 27.1%
Net Asset Value (NAV): INR26 per share
Happiest Minds IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 12,687,028 | 0.08 | 0.46 | 77.42 |
| NII | 6,343,513 | 0.61 | 3.96 | 351.45 |
| Retail | 4,229,009 | 14.61 | 38.85 | 70.94 |
| Â | Â | Â | Â | Â |
| Total | 23,259,550 | 2.86 | 8.39 | 150.98 |
Happiest Minds IPO Analyst Reviews
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Happiest Minds IPO Allotment Status
Happiest Minds IPO allotment status is now available on KFin Technologies’ website. Click on this link to get allotment status.
Listing Performance of Happiest Minds Technologies
IPO Opening Date: 7 September 2020
IPO Closing Date: 9 September 2020
Finalisation of Basis of Allotment: 14 September 2020
Initiation of refunds: 15 September 2020
Transfer of shares to demat accounts: 15 September 2020
Listing Date: 17 September 2020
Opening Price on NSE: INR350 per share (up 110.84% from IPO price)Â
Closing Price on NSE: INR370.95 per share (up 123.46% from IPO price)
What is price band for this IPO? Someone please tell price and grey premium.
Saksih
H j-jealous
Very strong in grey market but allotment will be super duper difficult. My broker tells me subject to rates will increase to 9000 on IPO dates
Impossible bro , 9000/- per share – never possible
Grey market premium is coming down every day. What is going on???
whether application can be made by availing ASBA facility?
On 13th Sep,2020 can I know the allotment status ? Or when I can know the allotment status ? EOD 14th ?
Grey market premium is 70 to 80 percent ..likely to reduce 45 to 50 percent because people aren’t ready to buy at 80 percent.. If listing is around 50 percent it’s buy