Happiest Minds Technologies ipo IPO - Details
About the company
Happiest Minds Technologies Ltd is a Bangalore based IT service provider company. The business of the company is divided into three categories ; Digital Business Service (DBS), Product Engineering Service (PES) and Infrastructure and Management Security Service ( IMSS).
IPO Dates ,Types & Price details
IPO ISSUE PERIOD
7-Sep-20 to 9-Sep-20
Listing on BSE & NSE
IPO Size
(Rs.700.00 crore)
35,663,585 shares
Price Range
Rs. 165 -166 Per Share
IPO Type
100% Book Building
Retail Portion : 10%
BID LOT
90 Shares and in multiples of 90.
Minimum Amount: ₹14,850
Face Value
Rs. 2
(IN Rs. Million)
Financial Performance
Valuation of Happiest Minds Technologies
Earnings Per Share (EPS): INR 7.04
Price/Earnings (PE ratio): 31
Market Cap : 2207 Crore
Return on Net Worth (RONW): 27.10 %
Net Asset Value (NAV): INR26 per share
Contact details
IPO Registrar
KFin Technologies Private Limited, Karvy Selenium Tower B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda Hyderabad – 500 032, India.
Telephone: +91 40 6716 2222 Fax: +91 40 2343 1551 E-mail: happiestminds.ipo@kfintech.com Website: www.kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Contact Person: M Murali Krishna SEBI Registration No.: INR000000221
IPO Lead Managers
- ICICI Securities Limited
Company Address
Happiest Minds Technologies Ltd
53/1-4, Hosur Main Road,
Madivala (Next to Madivala Police Station),
Bengaluru – 560 068
Phone: +91 80 6196 0300
Email: investors@happiestminds.com
Website: http://www.happiestminds.com/
Post Subscription Details
Finalisation of Allotment
14-Sep-20
Click on this link to get allotment status.
Initiation of refunds
15-Sep-20
Transfer of shares to demat accounts
15-Sep-20
Listing Date
17-Sep-20
Opening Price on NSE
LATER
Closing Price on NSE
LATER
AUTHOR’S Final Note :
Considering the PAT growth YoY, IPO looks not much attractive. But the PE ratio greater than 30, IPO comes under High priced band.
For the High risk Investors, IPO is definitely worth a risk to apply and look for Listing gains.
Read here on How to apply IPO via Zerodha ?
For Low risk investors, Avoid this IPO in this market and post listing shall add few if you want to stay invested.
Grey Market Premium :
GMP was around 130 which is good indicator for the decent Listing gain.
What is Grey Market Premium and how it works
Additional Reading :
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