Happiest Minds Technologies Ltd IPO Message Board (Page 38)

Happiest Minds Technologies LTD IPO tentatively opens on 7th September 2020. Retail 10% only.

kaha dekha only 10%. link pls.

Happiest Minds IPO

Opens : 7th Sept 2020
Closes : 9th Sept 2020
Price Band : Rs 165-Rs 166
Lot : 90 shares

I THINK THIS IPO BEST IN SEPTEMBER 5 IPO. and over subscription almost 50x to 60x in total.

I think CAMS will do better

As compared to chance of allotment in retail CAMS will be good...

HAPPIEST MINDS TECHNOLOGIES IPO – Schedule *(Tentative)*

03rd Sept – Announcement of Price Band
07th Sept – Anchor Investors Allotment
08th Sept – Offer Opens
10th Sept – Offer Closes
15th Sept – Finalisation of Basis of Allotment
16th Sept – Unblocking of ASBA Accounts
17th Sept – Credit of Equity Shares to Depository Accounts
18th Sept – Commencement of Trading


HAPPIEST MINDS TECHNOLOGIES IPO – Issue Information *(Tentative)*

Issue Opens on: 08 September 2020
Issue Closes on: 10 September 2020
Issue Type: Book Built Issue IPO
Issue Size: 4,21,34,173 Shares
Face Value: Rs.2/- per Share
Issue Price: Rs.160 – Rs.170 per Share *(Tentative)*
Discount: NIL
Market Lot: 85 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 10,78,62,479 Shares
Fresh Issue of 64,70,588 Shares @170/- = Rs.110.00Crs
Offer for Sale of 3,56,63,585 Shares @170/- = Rs.606.28Crs
Equity Shares outstanding after the Issue = 11,43,33,067 Shares

Category-wise Break up:
Anchor – 1,89,60,378 Shares = 322.33Crs
QIB – 1,26,40,252 Shares = 214.88Crs
NII – 63,20,126 Shares = 107.44Crs
RII – 42,13,417 Shares = 71.63Crs (Lot size: 85 = 49,570 Forms)
Total Issue – 4,21,34,173 Shares = 716.28Crs.

Subscription required for 1X
RII = 49,570 Forms
NII = 107.44 Crs


HAPPIEST MINDS TECHNOLOGIES IPO – Financial Information (Basis of Valuation)

EPS for FY17-18 >>> Rs.(3.13) (Page #106 of DRHP)
EPS for FY18-19 >>> Rs.1.16 (Page #106 of DRHP)
EPS for H119-20 >>> Rs.5.36 (Page #106 of DRHP)

RoNW for FY17-18 >>> (20.60)% (Page #107 of DRHP)
RoNW for FY18-19 >>> (21.10)% (Page #107 of DRHP)
RoNW for H119-20 >>> 27.10% (Page #107 of DRHP)

NAV as on March 31, 2020 was Rs.26.00 (Page #107 of DRHP)

Listed Industry Peer Group (Page #108 of DRHP): TCS, Infosys, LTI, Mindtree

 
HAPPIEST MINDS TECHNOLOGIES IPO – *Market’s Current Estimates of oversubscription*:

RII = 12.00L Forms = 24.21X Applic. wise (Avg allotment of ~3.64 shares per lot)
NII = 35K Crs. = ~325.76X

Interest cost *@7.50%p.a.* for 7days = 24.45paise for 1X

Thus, for NII the costing = 325.76 X 24.45paise = Rs79.65 per share (= GMP)

And, for RII the costing = 3.64 X 79.65 = Rs.290/- (= Kostak)


HAPPIEST MINDS TECHNOLOGIES IPO – *GMP Estimated*
GMP 80 +/- 2
Kostak 300 +/- 25

Upper band of issue price is Rs 165

Upper band of issue price is Rs 165

Latest gmp is 110....only sellers...

I want to buy you from.

Sir i am not selling or buying.... i just posted gmp what I heard...
Not sure about today’s rate...
Btw ehen this ipo is opening???

Two days market shocker
and no IPO date in sight now, all evaporated in just two days. whole euphoria of 12000 NIFTY gone for a toss. Now no promoter will take risk of volatile market.

132 138

Companies are readying for IPOs and the chinese missile hits the stock market ???!!!!!

China spoiled one of the dream ipo SBI cards IPO with Corona.

Today it seems China and GDP spoiled the September's IPO party ..

120/- seller

Dalal street sources.
No saler on market only buyer now premium shoot 160????????????????

New Delhi: After Happiest Mind Technologies
(HMTL) received approval from the Securities

Gupta said the issue is likely to be
oversubscribed as its size is small. "Only 10 per
cent, which is about 70 crore, is reserved for
retail investors. Thus, we expect a very high
over-subscription for HNI and retail investors.
This may shoot closer to triple digits as well,"
he said.
Abhay Doshi, a Gujarat-based independent
dealer of unlisted shares, also said the
promoters' credentials alone are a big draw.
"Besides strong promoters, the company is a
new-age technology entity. HMTL has a
bouquet of diversi

Experts plz share Best Bid price


thank u :)

I don't know about sept targets..Only thing that I feel is it will go at or below 950 in open market..That time also u could have accumulated..

Nothing to worry, all retail shareholders including who bid at minimum price 1001 (Final price will be at 5% discount) has got allotment. retail quota subscribed only 75%.

When this one will come. Some websites shows 2 September, which is not at all possible now? some telegram channel is showing 7 September date. Finger crossed.

Chances are on 07th September

HAL OFS
Anyone buying?

Sir
When it will credit to my demat account

i think you will be able to sell these on Monday

IPO to be avoided. Post issue the number of outstanding shares will be 14.5 crores +. Even at Rs 150 the valuation will be Rs 2175 crores. At 71 crore earnings for last year the PE will be 30. Plus the storied promoter Ashok Soota will be 78 this November. At 30 times earnings this will be the most expensive tech company in India. Revenue guidance for next year is only 10%.

HAL off

Any amount limit for RII

And

Mentioned Any lot size

Retail application limited upto Rs.200000/

HAL ofs

Any amount limit for RII

And

Mentioned Any lot size

Gmp 130 138
Good promoter