Happiest Minds IPO Date, Review, Price Band, Form & Market Lot Details

IPO Initial Public Offerings
Happiest Minds IPO to hit the market on 7th September and closes on 9th Setpember. 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.
 
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. Check out Happiest Minds IPO dates, price band, and market lot details.
 
Equity Shares Outstanding Prior to the Issue: 10,78,62,479 Shares
Fresh Issue of 66,26,506 Shares at ₹166: ₹110.00 Crores
Offer for Sale of 3,56,63,585 Shares ₹166: ₹592.02 Crores
Equity Shares Outstanding After the Issue: 11,44,88,985 Shares

Categorywise Break up:
Anchor Investors: 1,90,30,541 Shares = ₹315.91 Crores
QIB: 1,26,87,027 Shares – ₹210.60 Crores
NII: 63,43,514 Shares – ₹105.30 Crores
RII: 42,29,009 Shares – ₹70.20 Crores (Lot size: 90 = 46,989 Forms)
Total Issue: 4,22,90,091 Shares – ₹702.02 Crores

Subscription Required for 1X
RII: 46,989 Forms
NII: ₹105.30 Crores

Happiest Minds

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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: 10%
 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

Happiest Minds IPO Form:

How to apply the Happiest Minds IPO? You can apply Happiest Minds IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Happiest Minds IPO in the Invest section. The other option you can apply Happiest Minds IPO via IPO forms download via NSE and BSE. Check out the Happiest Minds forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

Happiest Minds Financial:

  ₹ in Crore
RevenueExpensePAT
2016
2017
2018489512-25.2
201960257617.4
202071462960.5

Company Promoters:

  • ASHOK SOOT

Quick Links:

DRHP Draft Prospectus
RHP Draft Prospectus

Happiest Minds IPO Registrar:

KFin Technologies Private Limited
Karvy Selenium Tower B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda
Hyderabad – 500032 India
Telephone: +91 40 6716 2222
Fax: +91 40 2343 1551
E-mail: [email protected]
Website: www.kfintech.com
Investor grievance e-mail: [email protected]
Contact Person: M Murali Krishna
SEBI Registration No.: INR00000022Note: Check Happiest Minds IPO allotment status on Linkintime website allotment URL. Click Here

Happiest Minds IPO Lead Managers:

  • ICICI Securities Limited
  • Nomura Financial Advisory and Securities (India) Private Limited

Company Address:

Happiest Minds Technologies Limited
#53/1-4, Hosur Main Road,
Madivala (Next to Madivala Police Station)
Bengaluru – 560 068
Karnataka, India
Contact Person: Praveen Kumar Darshankar
Company Secretary and Compliance Officer;
Telephone: +91 80 6196 0300 / +91 6196 0400
E-mail: [email protected]
Website: www.happiestminds.com

Happiest Minds IPO FAQs:

When Happiest Minds IPO will open for Anchor Investors?

The Anchor Investors bidding is 03 Septmber 2020.

When Happiest Minds IPO will open for QIB, NII, and Retail?

The IPO to open on 07 Septmber 2020 for QIB, NII, and Retail Investors.

What is Happiest Minds IPO Investors Portion?

The investors’ portion for QIB-75%, NII-15%, and Retail-10%.

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.

What is Happiest Minds IPO Allotment Date?

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

What is Happiest Minds IPO Listing Date?

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

Note: The IPO price band and dates will be added as it will be officially announced. The IPO grey market premium (IPO GMP) will be added on the grey market page as it will start)

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