Happiest Minds Technologies Ltd IPO
Mainboard₹14,940 / 90 Shares
Happiest Minds Technologies Ltd IPO Details
The Happiest Minds Technologies Ltd IPO price band is set between ₹165 to ₹166 per equity share, with a face value of ₹2 per share. The issue is managed by KFintech Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 7 Sep, 2020 and closes on 9 Sep, 2020. Investors can check the allotment status on 15 Sep, 2020, while the listing date is tentatively scheduled for 17 Sep, 2020.
The total issue size is 42,290,091 Eq Shares of ₹2 , aggregating up to ₹702.02 Cr. Stay tuned for the latest Happiest Minds Technologies Ltd IPO review and GMP updates.
Happiest Minds Technologies Ltd IPO Review, Rating & Analysis
Happiest Minds Technologies Ltd IPO Review
NO REVIEWHappiest Minds Technologies Ltd IPO Rating
Happiest Minds Technologies Ltd IPO Highlights
IPO Date
Sep 7, 2020 - Sep 9, 2020
Listing Date
17 Sep, 2020
Face Value
₹2 Per Equity Share
Price Band
₹165 to ₹166 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Happiest Minds Technologies Ltd IPO Lot Size
The minimum market lot for Happiest Minds Technologies Ltd IPO is 90 shares with an application amount of ₹14,940. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹14,940 |
| Retail (Max) | 13 | 1170 | ₹1,94,220 |
| S-HNI (Min) | 14 | 1260 | ₹2,09,160 |
| S-HNI (Max) | 66 | 5940 | ₹9,86,040 |
| B-HNI (Min) | 67 | 6030 | ₹10,00,980 |
Happiest Minds Technologies Ltd IPO Timeline
Issue Price
₹165 to ₹166 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
KFintech Private LimitedLead Manager
ICICI Securities Limited,Nomura Financial Advisory And Securities (India) Pvt LtdIssue 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)Happiest Minds Technologies Ltd IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 20 | 508.15 | 714.23 | 71.71 | - | - | - |
| 31 Mar 19 | 413.52 | 601.81 | 14.21 | - | - | - |
| 31 Mar 18 | 386.99 | 489.12 | (22.47) | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Ashok Soota
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
Happiest Minds Technologies Ltd IPO Subscription Details
| As on | QIB | NII bNII sNII | 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 |
Frequently Asked Questions about Happiest Minds Technologies Ltd IPO IPO
When will Happiest Minds Technologies Ltd IPO open for subscription?
The Happiest Minds Technologies Ltd IPO opens on 7 Sep, 2020 and closes on 9 Sep, 2020.
What is the investors portion for Happiest Minds Technologies Ltd IPO?
The investors' portion for QIB is 77.43 x, NII is 351.46, and Retail is 70.94 x.
How to apply for Happiest Minds Technologies Ltd IPO?
You can apply for Happiest Minds Technologies Ltd IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Happiest Minds Technologies Ltd IPO?
The issue size of Happiest Minds Technologies Ltd IPO is approx ₹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) crores.
What is the price band of Happiest Minds Technologies Ltd IPO?
The price band for Happiest Minds Technologies Ltd IPO is ₹165 to ₹166 per equity share to ₹undefined.
What is the lot size of Happiest Minds Technologies Ltd IPO?
The minimum bid (lot size) for Happiest Minds Technologies Ltd IPO is N/A shares with an investment of approx ₹14,940 .
What is the allotment date of Happiest Minds Technologies Ltd IPO?
The allotment date for Happiest Minds Technologies Ltd IPO is 15 Sep, 2020.
What is the listing date of Happiest Minds Technologies Ltd IPO?
The listing date for Happiest Minds Technologies Ltd IPO is expected to be 17 Sep, 2020.
What is the GMP of Happiest Minds Technologies Ltd IPO?
The latest Grey Market Premium (GMP) for Happiest Minds Technologies Ltd IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.