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 | |
| Registrar | ||
| 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
| CAMS IPO | CHEMCON IPO |
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 Through ASBA?
- How to Apply Happiest Minds IPO through Zerodha KITE Using UPI?
- How to Apply Happiest Minds IPO through SBI Net Banking?
- How to Apply Happiest Minds IPO through HDFC Netbanking?
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)http://kfintech/IPO/Allotment_Status |
| Upcoming IPO in India 2020 | How to Invest in Share Market? |
| Best Stock Trading Apps 2020 | What are NIFTY and SENSEX? |
| Grey Market Premium of IPO | Intraday Trading Basics |
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Happiest Minds IPO FAQs
The Happiest Minds IPO opens on Sep 7, 2020 and closes on Sep 9, 2020.
Happiest Minds IPO listing date is 17 September 2020. The IPO to list on NSE and BSE.
Happiest Minds IPO allotment date is 14 September 2020. You can check IPO allotment here.
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.