IPO Trending
HAPPSTMNDSEQ / NSE, BSEListed
Happiest Minds Technologies

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.

₹165 - ₹166150.98x sub
Listed Price₹351.00
Listing Gain+111.45%

IPO Schedule & Timeline

Bookbuilding IPO
Open07 Sep 2020
Close09 Sep 2020
Allotment15 Sep 2020
Listing17 Sep 2020

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB3,17,17,569 shares
75%
HNI63,43,513 shares
15%
Retail42,29,009 shares
10%

Minimum Application Lots

Retail1 Lot (90 shares)
₹14,940
sHNI14 Lots (1,260 shares)
₹2,09,160
bHNI67 Lots (6,030 shares)
₹10,00,980

Company Promoters

Mr. Ashok Soota

Company Background

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...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun-20)₹1869.9 Cr
Growth-61.8%
Revenue Trend (₹ in Crores)
0.02.7k5.5k8.2kMar-18Mar-19Mar-20Jun-20
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun-201,869.9501.85,730.80
Mar-207,142.3717.15,081.50
Mar-196,018.1142.14,135.20
Mar-184,891.2224.73,869.90

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
15 Sep 2020
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
17 Sep 2020

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

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Stock Exchange Portal
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Allotment Schedule & Milestones

IST
1. Allotment Finalization15 Sep 2020Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date17 Sep 2020Trading commences on exchange

How to Check Happiest Minds Technologies Allotment Online

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3Enter Details

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Prospectus & Official Filings

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About Happiest Minds Technologies IPO

Complete issue overview for Happiest Minds Technologies (HAPPSTMNDS) IPO. The issue features an equity share price band of ₹165 – ₹166 per share with a minimum retail lot size of 90 Shares (minimum application amount of ₹14,940). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions