IPO

Happiest Minds Technologies Ltd IPO

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IT - Software

Listed On: Sep 17, 2020 at ₹ 351.00

₹ 14940 /90 Shares

Check Allotment

07 Sep, 2020

Open Date

09 Sep, 2020

Close Date

15 Sep, 2020

Allotment Date

17 Sep, 2020

Listing Date
Price Summary

Last Closing

486.00 (192.77%)

52 Week High

773.80

52 Week Low

474.20

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹165 to ₹166 per equity share
  • Face Value ₹2 Per Equity Share 
  • Issue Price 42,290,091 Eq Shares of ₹2 (aggregating up to ₹702.02 Cr)
    #Fresh Issue: 6,626,506 Eq Shares of ₹2 (aggregating up to ₹110.00 Cr)
    #Offer for Sale : 35,663,585 Eq Shares of ₹2(aggregating up to ₹592.02 Cr)
  • Listing at BSE, NSE
  • List Price 351.00
  • Listing Date 2020-09-17
  • Lead Manager ICICI Securities Limited,
    Nomura Financial Advisory And Securities (India) Pvt Ltd
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion N/A
IPO Documents
RHP
IPO Details


The IPO of is priced at ₹165 - 166 per equity share, which has a face value of ₹2 Per Equity Share  each, IPO bidding starts from Sep 7, 2020 and ends on Sep 9, 2020. The allotment for IPO will be finalized on Sep 15, 2020. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 17, 2020. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are ICICI Securities Limited,, Nomura Financial Advisory And Securities (India) Pvt Ltd.


The IPO sets its price band at 165 - 166 for each share. A single application for Happiest Minds Technologies Ltd IPO must contain at least 90 shares.

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IPO Subscription Analysis And Details
Retail
70.94x
QIB
77.43x
NII
351.46x
Total
150.98x
As on QIB NII Retail Total
Shares Offered / Reserved 12,687,028 6,343,513 4,229,009 23,259,550
Day 1 07-09-20 5:30 PM
0.08 x 0.62 14.61 x 2.87 x
Day 2 08-09-20 5:30 PM
0.47 x 3.96 38.85 x 8.40 x
Day 3 09-09-20 05:30 PM
77.43 x 351.46 70.94 x 150.98 x
Valuations
Earnings Per Share (EPS) ₹4.12
P/E Ratio 40.29
RoNW 27.1%
Net Asset Value (NAV) - Post Issue ₹23.7
Company Financials
In Crs.
In Cr.
31-Mar-20 31-Mar-19 31-Mar-18
Assets 508.15 413.52 386.99
Revenue 714.23 601.81 489.12
Profit After Tax 71.71 14.21 (22.47)
IPO - Issue Objectives
1

To meet long term working capital requirement

2

General corporate purposes

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Happiest Minds Technologies Limited 7.00 40.29 27.10 714 Cr
TCS 11.55 28.04 41.20 1,61,541 Cr
INFOSYS 6.29 24.50 25.68 93,594 Cr
LTI 8.26 27.54 29.98 11,208 Cr
MINDTREE 6.22 26.14 23.79 7840 Cr