Happiest Minds IPO Details

Happiest Minds IPOHappiest 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
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Happiest Minds Technologies financial performance (in INR crore)

  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

Registrar of Happiest Minds Technologies IPO

KFin Technologies Private Limited 
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551
Email: [email protected]
Website: 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: 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
         
Total 23,259,550 2.86 8.39 150.98

Happiest Minds IPO Analyst Reviews

HEM Securities – Subscribe
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Choice Broking – Subscribe 
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SMC Global – 3/5 Stars
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AUM Capiptal – Subscribe
Prabhudas Lilladher – Subscribe

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) 
Closing Price on NSE: INR370.95 per share (up 123.46% from IPO price)

9 COMMENTS

  1. 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

  2. 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

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