HAPPIEST MINDS IPO
About Company Happiest Minds Technologies Ltd permalink
Happiest Minds Technologies Ltd was established in 2011 . Currently, it is having head office in Karnataka. HAPPIEST MINDS works in the sector of Company works in computer sector. . HAPPIEST MINDS has experience of 9 years experienced Company. .
Company works in IT and software services related digital services. It's full demand across countries. Companies may have longstanding or well-established relationships with customers. So well possibility to stand in market.
Company's last year annual revenue is Rs.714 Cr. Company's last year net profit is Rs.60.5 Cr. Happiest Minds Technologies company's promoter is Mr. Ashok Soota.
- Email : happiestminds.ipo@kfintech.com
- Website : Website: https://karisma.kfintech.com/
- Phone : +91 80 6196 0300
HAPPIEST MINDS IPO Details permalink
HAPPIEST MINDS IPO issue open date is 7th September 2020 and close date is 9th September 2020 . The face value for Happiest Minds Technologies Ltd IPO is Rs 2 per equity share. The total IPO size is approx Rs Rs 702.02 Crores crore.
The price band for HAPPIEST MINDS is Rs 165 to Rs 166. The lot size for HAPPIEST MINDS IPO is a minimum of 90 shares to maximum 1170 shares. This IPO will be listed on BSE and NSE. HAPPIEST MINDS IPO total equity is 42290091 shares.
HAPPIEST MINDS IPO Date and Price Band permalink
| IPO Open: | 7th September 2020 |
| IPO Close: | 9th September 2020 |
| Price Band: | Rs 165 to Rs 166 |
| Face Value: | Rs 2 per equity share |
| IPO Size: | Rs Rs 702.02 Crores crore |
| Listing on: | BSE and NSE |
| Retail Portion: | 18.18% |
| Equity (Issue Size): | 42290091 Shares |
HAPPIEST MINDS IPO Market Lot and Investment Amount permalink
To invest in Happiest Minds Technologies Ltd's initial public offering starting from 7th September 2020 you need to invest minimum Rs 14850, however you can also invest up to Rs 194220, considering the upper price of IPO Rs 166 and maximum allottable shares (1170 shares). To apply for the maximum number of share you need to bid for 13 lots, one lot is having 90 shares.
| Minimum Lot Size: | 90 shares (1 Lot) |
| Maximum Lot Size: | 1170 shares (13 lots) |
| Minimum Investment: | Rs 14850 |
| Maximum Investment: | Rs 193050 |
HAPPIEST MINDS IPO Subscription Status permalink
HAPPIEST MINDS IPO was subscribed only 151 times times. Which is considered as a poor subscription compared to other IPOs. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 12687028 shares and received bids for 982356577 shares which is 77.43 times of total meant for QIB category.
Happiest Minds Technologies Ltd's IPO was subscribed 300% on the first day.
Non Institutional Investors (NII) includes individuals , companies trusts who bid for more than 2 lakhs. The total number of shares reserved for NII investors were 6343513 and bid for 2229491078 shares received . Bid from NII for Happiest Minds Technologies Ltd's IPO is 351.46 times of total meant for NII category.
Retail Individual Investors (RIIs) includes individuals investors who can apply up to Rs 2,00,000 in IPO . The total number of shares reserved for RII investors were 4229009 and bid for 300005898 shares received . Bid from RII for HAPPIEST MINDS's IPO is 70.94 times of total meant for RII category.
The total number of shares offered were 23259550 and bid for 3511726859 shares received .
| Qualified Institutional Buyers (QIBs) | |
|---|---|
| Shares Allotted: | 12687028 shares |
| Shares Bid Received: | 982356577 shares |
| Over Subscription in QIB: | 77.43 times |
| Non Institutional Investors (NIIs) | |
| Shares Allotted: | 6343513 shares |
| Shares Bid Received: | 2229491078 shares |
| Over Subscription in NII: | 351.46 times |
| Retail Individual Investors (RIIs) | |
| Shares Allotted: | 4229009 shares |
| Shares Bid Received: | 300005898 shares |
| Over Subscription in RII: | 70.94 times |
| Total | |
| Total Shares Allotted: | 23259550 shares |
| Total Shares Bid Received: | 3511726859 shares |
| Over Subscription Total: | 151 times times |
HAPPIEST MINDS IPO Allotment and Listing permalink
HAPPIEST MINDS IPO got listed on . HAPPIEST MINDS IPO listed with 111.45% Premium on NSE (HAPPSTMNDS) at Rs 350 and BSE (543227) at Rs 351. The allotment ratio for the HAPPIEST MINDS IPO remains at 2821.
| Listing Date: | |
| Issue Price: | Rs 166 |
| BSE Listing Price: | Rs 351 |
| NSE Listing Price: | Rs 350 |
| Return (In Rupees): | Rs 185 |
| Return (In Percentage): | 111.45% |
| Sector : | General |
| BSE Group : | B |
| BSE Code: | 543227 |
| NSE Code: | HAPPSTMNDS |
| ISIN : | INE419U01012 |
HAPPIEST MINDS IPO FAQ permalink
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543227.