Happiest Minds Technologies Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹165 - ₹166
- Lot size
- 90 shares
- Issue amount
- ₹702.02 cr
- Total subscription
- 0×
- Opens
- 7 Sept 2020
- Closes
- 9 Sept 2020
- Allotment
- 15 Sept 2020
- Listing
- 17 Sept 2020
Offer at a glance
Issue overview
- Issue size
- 4,22,90,091 shares
- Face value
- ₹2 per share
- Minimum investment
- ₹14,850
- Fresh issue
- ₹110 cr
- Offer for sale
- ₹592.02 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,940
- Issue type
- Bookbuilding IPO
- Shares before issue
- 14,02,37,050
- Shares after issue
- 14,68,63,556
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 90 | ₹14,940 |
| sHNI | 14 | 1,260 | ₹2,09,160 |
| bHNI | 67 | 6,030 | ₹10,00,980 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 210.6 | 16,306.38 |
| RETAIL | 70.2 | 4,980.23 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Company information
Company profile
Happiest Minds Ltd, incorporated in 2011, is a Bangalore-based IT service provider known for its "Born Digital. Born Agile" approach. The company operates in three main business segments: Digital Business Services (DBS), Product Engineering Services (PES), and Infrastructure and Management Security Services (IMSS). The DBS unit focuses on digital application development and modernization, platform management, consulting, and domain-led solutions. The PES unit enhances digital capabilities by making products smarter and more secure, while the IMSS unit provides end-to-end monitoring and management for client applications and infrastructure. As of June 30, 2020, Happiest Minds had 148 active customers and a global presence in countries like the US, UK, Australia, Canada, and the Middle East. The company's business units are supported by three Centres of Excellence specializing in the Internet of Things, Analytics and Artificial Intelligence, and Digital Process Automation. In the fiscal year 2020, 96.9% of its revenue came from digital services, making it one of the leading Indian IT companies in this sector. Happiest Minds serves a wide range of industries, including retail, edutech, industrial, BFSI, hi-tech, engineering R&D, manufacturing, travel, media, and entertainment.
Strengths
- Specialized in software product development.
- Well-known brand in Digital IT services.
- Complete digital lifecycle solutions.
- Agile engineering and seamless delivery.
Risk factors
- The two book-running lead managers have handled 11 public issues in the last three years, with 5 listing below the issue price.
- The promoter's average acquisition cost is ₹34.68, and the investor's is ₹24.91, while the offer price at the upper end is ₹166.
- The issuer's PE ratio at the upper price band is 31.0, higher than the industry average of 26.9.
Promoters
Mr. Ashok Soota
Registrar & documents
Lead manager
ICICI Securities Limited, Nomura Financial Advisory And Securities (India) Private Limited, Securities (India) Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
53/1-4, Hosur Main Road, Madivala (Next to Madivala Police Station), Bengaluru - 560 068
+91 80 6196 0300
[email protected]Company website ↗Understanding HAPPSTMNDS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.