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Happiest Minds Technologies IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 702.02 Cr. The company is based in Bangalore and caters to Information Technology sector. ICICI Securities , Nomura Financial Advisory And Securities (India) are the merchant bankers of Happiest Minds Technologies IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 10th June 2020.
Happiest Minds Technologies IPO open date is 7th September 2020 and close date is 9th September 2020. IPO Allotment Date is 14th September 2020 and Listing date is 17th September 2020.
IPO
Size:
₹ 702.02 Cr.
Avg IPO Size (Sector Based)
: ₹
755.86 cr.
Sector: Information Technology
IPO so far:
35
Merchant Banker:
ICICI Securities
IPO by BRLM so far:
166
City:
Bangalore
IPO so far:
45
Revenue (annualised):
₹
747.96
cr. 
PE
Ratio:
12.00x
Average Sector PE Ratio: 22.44x
Happiest Minds Technologies IPO size is ₹ 702.02 Cr. with IPO price of ₹ 166.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
ICICI Securities Limited is the book-running lead manager of the Happiest Minds Technologies IPO. Kfin Technologies Limited is the Registrar for Happiest Minds Technologies IPO.
Happiest Minds Technologies IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Happiest Minds Technologies IPO, based in Bangalore, operates in the Information Technology sector with a focus on versatile digital business product engineering and infra management solution provider. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Happiest Minds Technologies IPO size is ₹ 702.02 Cr. with fresh issue size of ₹ 110 and Offer for sale being ₹ 592.02 Cr.
The IPO allotment date for Happiest Minds Technologies IPO is expected to be 14th September 2020, after the finalization of basis of allotment. Investors can check Happiest Minds Technologies IPO allotment status on the registrars website, Kfin Technologies Limited . Happiest Minds Technologies IPO refund dates are 15th September 2020.
Happiest Minds Technologies IPO is expected to be listed on 17th September 2020.
The upper price band for the Happiest Minds Technologies IPO is set at ₹ 166.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Happiest Minds Technologies IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Happiest Minds Technologies IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 9th September 2020. After submission, funds are blocked until the basis of allotment of Happiest Minds Technologies IPO is finalised.
The merchant banker for Happiest Minds Technologies IPO is ICICI Securities Limited , Nomura Financial Advisory And Securities (India) Private Limited . ICICI Securities Limited , Nomura Financial Advisory And Securities (India) Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Happiest Minds Technologies IPO RHP for further details.
The registrar for Happiest Minds Technologies IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Happiest Minds Technologies IPO through their official website or helpline.
Happiest Minds Technologies IPO was subscribed 150.98 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 702.02 Cr.
Avg IPO Size (Sector Based)
:
₹ 755.86 Cr.
Sector: Information Technology
IPO so far:
35
Merchant Banker:
ICICI Securities
IPO by BRLM so far:
166
City:
Bangalore
IPO so far:
45
Revenue (annualised):
₹ 708.08 cr.
PE
Ratio:
12.00x
Average Sector PE Ratio: 22.44x
Happiest Minds Technologies IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Happiest Minds Technologies Financial Review Page
Merchant Banker(s) of Happiest Minds Technologies IPO: ICICI Securities Limited , Nomura Financial Advisory And Securities (India) Private Limited
Happiest Minds Technologies IPO subscription was 150.98 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Happiest Minds Technologies IPO listed at a listing price of 371.00 against the offer price of 166.00.
The current market price of Happiest Minds Technologies is 626.95.
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