Happiest Minds Technologies Ltd IPO

Mainboard

IT - Software

Listed On: Sep 17, 2020 at ₹ 351.00

₹ 14940 /90 Shares

Check Allotment

Price Summary

Last Closing

722.50 (335.24%)

52 Week High

961.00

52 Week Low

718.00

Last Update

25-Nov-2024 3:30 PM

IPO Details

07 Sep, 2020

Open Date

09 Sep, 2020

Close Date

15 Sep, 2020

Allotment Date

17 Sep, 2020

Listing Date

Issue Price

₹165 to ₹166 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

351.00

Listing Date

2020-09-17

Market Lot

90 Shares (₹14,940/-)

Lead Manager

ICICI Securities Limited,
Nomura Financial Advisory And Securities (India) Pvt Ltd

Issue Size

42,290,091 Eq Shares of ₹2 (aggregating up to ₹702.02 Cr)
#Fresh Issue: 6,626,506 Eq Shares of ₹2 (aggregating up to ₹110.00 Cr)
#Offer for Sale : 35,663,585 Eq Shares of ₹2(aggregating up to ₹592.02 Cr)

Retail Portion

N/A

Subscription

150.98 times

IPO Docs

RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	12,687,028	6,343,513	4,229,009	23,259,550
Day 1 - 07-09-20 5:30 PM	0.08 x	0.62	14.61 x	2.87 x
Day 2 - 08-09-20 5:30 PM	0.47 x	3.96	38.85 x	8.40 x
Day 3 - 09-09-20 05:30 PM	77.43 x	351.46	70.94 x	150.98 x

Valuations

Earnings Per Share (EPS)

₹4.12

P/E Ratio

40.29

RoNW

27.1%

Net Asset Value (NAV) - Post Issue

₹23.7

Company Financials All values are in ₹ Cr.

	31-Mar-20	31-Mar-19	31-Mar-18
Assets	508.15	413.52	386.99
Revenue	714.23	601.81	489.12
Profit After Tax	71.71	14.21	(22.47)

- Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Happiest Minds Technologies Limited	7.00	40.29	27.10	714 Cr
TCS	11.55	28.04	41.20	1,61,541 Cr
INFOSYS	6.29	24.50	25.68	93,594 Cr
LTI	8.26	27.54	29.98	11,208 Cr
MINDTREE	6.22	26.14	23.79	7840 Cr

IPO - Ratings

Angel Broking	Subscribe
Axis Capital	None
BP Equities (BP Wealth)	Subscribe
Capital Market	Subscribe
Choice Equity Broking Pvt Ltd	Subscribe
Edelweiss Broking Ltd	None
Geojit Securities Ltd	Subscribe

- Promoter(s)

Company Promoter(s)

Mr. Ashok Soota

IPO - Issue Objectives

To meet long term working capital requirement
General corporate purposes

IPO - FAQs

Ans. Happiest Minds Technologies Ltd IPO is a Mainboard IPO. The issue is priced at ₹165 to ₹166 per equity share. The minimum order quantity is 90 Shares. The IPO opens on Sep 7, 2020, and closes on Sep 9, 2020. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Happiest Minds Technologies Ltd IPO opens on Sep 7, 2020 and closes on Sep 9, 2020.

Ans. The size of Happiest Minds Technologies Ltd IPO is 42,290,091 Eq Shares of ₹2 (aggregating up to ₹702.02 Cr) #Fresh Issue: 6,626,506 Eq Shares of ₹2 (aggregating up to ₹110.00 Cr) #Offer for Sale : 35,663,585 Eq Shares of ₹2(aggregating up to ₹592.02 Cr).

Ans. The IPO price band is set between ₹165 to ₹166 per equity share.

Ans. To apply for Happiest Minds Technologies Ltd IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Happiest Minds Technologies Ltd IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Happiest Minds Technologies Ltd IPO is Sep 15, 2020.

Ans. The Happiest Minds Technologies Ltd IPO will be listed on Sep 17, 2020.

Ans. Follow the steps to check the allotment status for Happiest Minds Technologies Ltd IPO here.