Happiest Minds IPO Date, Review, Price Band & How to Apply? Details

Happiest Minds IPO Review, Dates, Price Bands, Market Lot, Happiest Minds technologies IPO Grey Market Price Details

Happiest Minds IPO to hit the market on 7th September and closes on 9th September. The company is led by Ashok Soota. Happiest Minds Technologies is an IT services company based in Bangalore. They provide services in 3 categories – Digital Business Service (DBS), Product Engineering Service (PES) and Infrastructure and Management Security Service ( IMSS). The IPO worth ₹702 crore with 42,290,091 equity shares face value of Rs.2. The price band is fixed at Rs.165-166 with market lot of 90 shares.

About Happiest Minds

Happiest Minds Technologies Limited (Happiest Minds), a Mindful IT Company, applies agile methodologies to enable digital transformation for enterprises and technology providers by delivering seamless customer experience, business efficiency and actionable insights.

We leverage a spectrum of disruptive technologies such as: Big Data Analytics, AI & Cognitive Computing, Internet of Things, Cloud, Security, SDN-NFV, Blockchain, Automation including RPA,  etc. Positioned as “Born Digital . Born Agile”, our capabilities spans across product engineering, digital business solutions, infrastructure management and security services.

We deliver these services across industry sectors such as retail, edutech, industrial, BFSI, hi-tech, engineering R&D, manufacturing, travel, media and entertainment, and others.

A Great Place to Work-Certified™ company, Happiest Minds is headquartered in Bangalore, India with operations in the U.S., UK, Canada, Australia and Middle East.

Happiest Minds IPO – Issue Details:

Issuer Happiest Minds Technologies Ltd
Issue Type Book Built Issue IPO
Issue Period Issue Opens: Sep 7, 2020
Issue Closes: Sep 9, 2020
Price Brand ₹165 to ₹166 per equity share
Issue Size ₹702.02 Cr
Face Value Rs.2 per Equity Share
Market Lot 90 Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 75% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 10% of the issue size
Fresh Issue ₹110.00 Cr
Offer for Sale ₹592.02 Cr
Listing at NSE & BSE
Book Running Lead Managers  
Grey Market Price Happiest Minds IPO Grey Market Premium
Upcoming IPO 2020 Upcoming NCD 2020

Happiest Minds IPO GMP Today

Happiest Minds IPO Dates & Price Band

 IPO Open:  07 September 2020
 IPO Close:  09 September 2020
 IPO Size:  Approx ₹702 Crore (Approx)
 Face Value:  ₹2 Per Equity Share
 Price Band:  ₹165-₹167 Per Share
 Listing on:  BSE & NSE
 Retail Portion:  35%
 Equity:  42,290,091 Shares

Happiest Minds IPO Market Lot:

 Lot Size:  Minimum 90 Shares & Maximum 1170 Shares
 Minimum Amount:  ₹14,940
 Maximum Amount:  ₹1,94,220

Happiest Minds IPO Allotment & Listing:

 Basis of Allotment:  14 September 2020
 Refunds:  15 September 2020
 Credit to Demat Account:  15 September 2020
 Listing Date:  17 September 2020

Objects of the Issue:

The company proposes to utilise the Net Proceeds from the fresh issue towards funding the following objects:

1. To meet long term working capital requirement; and
2. General corporate purposes


Happiest Minds Technologies Financial 

    FY2018 FY2019 FY2020
Revenue   489.1 601.8 714.2
Expenses   512.2 576.3 629.4
Net income   -25.2 17.4 60.5
Net margin (%)   -5.2 2.9 8.5

How to Apply for Happiest Minds IPO?

If you have a Demat account, most banks offer the online IPO application. You can also contact the broker to apply for in happiest minds IPO?

Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.

How to Apply Happiest Minds IPO With Kotak bank Internet banking?

Company Contact Info:
Happiest Minds Technologies Limited
#53/1-4, Hosur Road
Madivala (Next to Madivala Police Station)
Bengaluru – 560 068
Karnataka, India
Telephone: +91 80 6196 0300 / +91 6196 0400;
E-mail: investors@happiestminds.com;
Website: www.happiestminds.com
What is IPO? आईपीओ क्या हैं? आईपीओ का फुल फॉर्म क्या है?
IPO Registrar Info:
KFin Technologies Private Limited
Karvy Selenium Tower B, Plot 31 & 32,
Gachibowli, Financial District,
Nanakramguda Hyderabad – 500 032,
India Telephone: +91 40 6716 2222
E-mail: happiestminds.ipo@kfintech.com
Website: www.kfintech.com


Check IPO Allotment Status:

KfinTech Website (Click on the below Link)


Final Words

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Happiest Minds IPO FAQs

When Happiest Minds IPO will open?

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

What is Happiest Minds IPO Listing Date?

Happiest Minds IPO listing date is 17 September 2020. The IPO to list on NSE and BSE.

What is Happiest Minds IPO Allotment Date?

Happiest Minds IPO allotment date is 14 September 2020. You can check IPO allotment here.

How to Apply the Happiest Minds IPO?

You can apply Happiest Minds IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Steps to apply in Happiest Minds IPO through Zerodha
Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Happiest Minds IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process for more detail.