Happiest Minds Technologies Ltd IPO (Happiest Minds IPO) Detail

Sep 7, 2020 - Sep 9, 2020

Incorporated in 2011, Positioned as "Born Digital. Born Agile" Happiest Minds 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).

The DBS unit offers digital application development & modernisation, assistance in designing & testing of operations, management of the platform, consulting and domain led offerings.

PES unit helps by transforming the potential of digital by making the product secure and smart. Wherein, IMSS provides an end to end monitoring and management capability for applications and infrastructure of the clients.

As of June 30, 2020, Happiest Minds had 148 active customers and has a global presence in countries like US, UK, Australia, Canada and the Middle East. The business units of the company is assisted by the 3 Centres of Excellence which are Internet of Things, Analytics / Artificial Intelligence, and Digital Process Automation. In Fiscal 2020, 96.9% of the company's revenues came from digital services which is one of the highest among Indian IT companies.

Happiest Minds delivers services across industry sectors such as Retail, Edutech, Industrial, BFSI, Hi-Tech, Engineering R&D, Manufacturing, Travel, Media and Entertainment.

Competitive Strengths

1. Focused on software product development
2. Strong Brand in offering Digital IT services
3. End to End digital lifecycle
4. Agile Engineering and Delivery

Company Promoters:

Mr. Ashok Soota is the promoter of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ in Million)
30-Jun-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 5,730.8 5,081.5 4,135.2 3,869.9
Total Revenue 1,869.9 7,142.3 6,018.1 4,891.2
Profit After Tax 501.8 717.1 142.1 (224.7)

Objects of the Issue:

The company proposes to utilise the Net Proceeds from the fresh issue towards funding the following objects:

1. To meet long term working capital requirement; and
2. General corporate purposes

Happiest Minds IPO Details

IPO DateSep 7, 2020 - Sep 9, 2020
Issue TypeBook Built Issue IPO
Issue Size42,290,091 Eq Shares of ₹2
(aggregating up to ₹702.02 Cr)
Fresh Issue6,626,506 Eq Shares of ₹2
(aggregating up to ₹110.00 Cr)
Offer for Sale35,663,585 Eq Shares of ₹2
(aggregating up to ₹592.02 Cr)
Face Value₹2 per equity share
IPO Price₹165 to ₹166 per equity share
Market Lot90 Shares
Min Order Quantity90 Shares
Listing AtBSE, NSE

Happiest Minds IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 7, 2020
Bid/Offer Closes OnSep 9, 2020
Finalisation of Basis of AllotmentSep 14, 2020
Initiation of RefundsSep 15, 2020
Credit of Shares to Demat AcctSep 15, 2020
IPO Shares Listing DateSep 17, 2020

Happiest Minds IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum190₹14,940
Maximum131170₹194,220

Happiest Minds IPO Promoter Holding

Pre Issue Share Holding61.77%
Post Issue Share Holding53.25%

Happiest Minds IPO Offer Size by Investor Category

The Percentage of Offer Size available for Allotment/allocation:

  • QIBs: 75%
  • Non-Institutional Investors: 15%
  • Retail Individual Investors: 10%

Risks to Investors in Happiest Minds IPO

  • The two book running lead managers associated with the Offer have handled 11 public issues in the past three years out of which 5 closed below the issue price on the listing date.
  • The average cost of acquisition for the Promoter Selling Shareholder is ₹34.68 and the Investor Selling Shareholder is ₹24.91, and the offer price at the upper end of the price band is 166.
  • The PE ratio based on diluted EPS for Fiscal 2020 for the Issuer at the upper end of the Price Band is as high as 31.0 as compared to the average industry peer group PE ratio of 26.9.

Happiest Minds IPO Subscription Status (Bidding Detail)

Happiest Minds IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

12,687,028

6,343,513

4,229,009

23,259,550

Sep 9, 2020 17:00

77.43x

351.46x

70.94x

150.98x

Happiest Minds IPO Prospectus

Happiest Minds IPO Rating

2286
4.1
Rating:Rated 4.1 stars

Vote Here ...

Happiest Minds IPO Listing Date

Listing DateThursday, September 17, 2020
BSE Script Code543227
NSE SymbolHAPPSTMNDS
Listing InB
ISININE419U01012
IPO Price₹166 per equity share
Face Value₹2 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹166.00
₹351.00
₹351.00
₹395.00
₹371.00
10,973,257
NSE
₹166.00
₹350.00
₹350.00
₹394.95
₹370.95
52,002,289

Happiest Minds IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: happiestminds.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Happiest Minds IPO FAQs

  1. What is Happiest Minds IPO?

    Happiest Minds IPO is a main-board IPO of 42,290,091 equity shares of the face value of ₹2 aggregating up to ₹702.02 Crores. The issue is priced at ₹165 to ₹166 per equity share. The minimum order quantity is 90 Shares.

    The IPO opens on Sep 7, 2020, and closes on Sep 9, 2020.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. How to apply in Happiest Minds IPO through Zerodha?

    Zerodha customers can apply online in Happiest Minds IPO using UPI as a payment gateway. Zerodha customers can apply in Happiest Minds IPO by login into Zerodha Console (back office) and submitting an IPO application form.

    Steps to apply in Happiest Minds IPO through Zerodha

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Happiest Minds IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When Happiest Minds IPO will open?

    The Happiest Minds IPO opens on Sep 7, 2020 and closes on Sep 9, 2020.

  4. What is the lot size of Happiest Minds IPO?

    Happiest Minds IPO lot size is 90 Shares and the minimum order quantity is 90 Shares.

  5. How to apply for Happiest Minds IPO?

    You can apply in Happiest Minds IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Happiest Minds IPO allotment?

    The finalization of Basis of Allotment for Happiest Minds IPO will be done on Sep 14, 2020, and the allotted shares will be credited to your demat account by Sep 15, 2020. Check the Happiest Minds IPO allotment status.

  7. When is Happiest Minds IPO listing date?

    The Happiest Minds IPO listing date is on Thursday, September 17, 2020.

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Happiest Minds IPO Review / Comments

Nitin Verma
759. Nitin Verma  Sep 17, 2020 19:46 I Like It. | I Don't Like It. | Report Abuse Reply
Is anyone else who have not got the refund till yet? My amount is still blocked with Union bank. What to do?
jainakash
759.1. jainakash  Sep 21, 2020 13:29 I Like It. | I Don't Like It. | Report Abuse
Did u got the amnt, as it is still blocked
Himanshu chodavadiya
758. Himanshu chodavadiya  Sep 21, 2020 07:42 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
I haven't received blocked amount .I used bhim UPI .plz anybody can help
Aniketiaf
757. Aniketiaf  Sep 15, 2020 15:48 I Like It. 16 | I Don't Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 6900+ Likes)
0/6
I think, my PAN no. is reserved for Route mob.
Congratulations to all allottee.
harit
757.20. harit  Sep 19, 2020 11:01 I Like It. 2 | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 2500+ Likes)
@Aniket ji and others who bid multiple applications in the name of family members.

Anyone found any pattern in last couple of years allotments?

I put 7 application most of the times but allotments comes in 2-3 names only

My parents never got allotment when ipo over subscribed

My grand parents got maximum number of allotments (all crucial like Dixon,amber irctc happiest,fine org. ,And many more)

Other 3 members got 1-2 allotments

÷history of last 3 years÷

Dose other board members finding this kind of experience or my family is unique?

(I don't believe that Karvy or Link intime are doing anything improperly or wrongly)
Owls eye
757.21. Owls eye  Sep 20, 2020 07:15 I Like It. | I Don't Like It. | Report Abuse
@Harit,

Yes similar situation with me!

My parents got allotment in one in every two ipos. Like Dixon, Smart, IRCTC, Ujjivan, etc.
kiran mahadev anpat
756. kiran mahadev anpat  Sep 19, 2020 22:48 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
Can anybody applied maximum allotments and received any single allotment? Please let me know.
IPO Mitr
755. IPO Mitr  Sep 19, 2020 12:33 I Like It. 1 | I Don't Like It. | Report Abuse Reply
In the short term, HMT will go below 350 (listing price) and will give opportunity to enter for investors who believe in this stock for long term.

Short term investors may look to exit.

Suno sabki par karo sirf apne man ki

Ayush Jindal
754. Ayush Jindal  Sep 17, 2020 20:52 I Like It. 1 | I Don't Like It. 1 | Report Abuse Reply
Total Free Float Shares = 2,32,59,550 shares
Today’s EOD Delivery (NSE+BSE) = 2,20,27,093 (94.70%)
So that means 94.70% of Shareholders have Booked profit on listing day itself only.

Kindly think twice to make position in happiest mind at CMP of 370 after analyzing the above data.

Regards,
Ayush Jindal
Prashant Pednekar
754.4. Prashant Pednekar  Sep 18, 2020 14:18 I Like It. | I Don't Like It. | Report Abuse
@AhireR, Yes but if you see the forward earning 2021/22 its just 19. Plus coming from a service sector I wonder its rated so well on Glassdoor and into all the latest of technologies. Also a pizza seller demands a 105 PE and its not expensive so I feel if the growth remains for a year more than 500 will look peanuts to buy this stock. That's my medium term outlook.
AhireR
754.5. AhireR  Sep 18, 2020 14:45 I Like It. 1 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 600+ Likes)
It has already corrected 10% from yesterday's high..That's what I say, price is everything..
Neelesh Chouhan
753. Neelesh Chouhan  Sep 18, 2020 08:57 I Like It. | I Don't Like It. | Report Abuse Reply
Alloted 3 lot out of 12
Hold karu ya sale kar du.
Kindly guides.
Msharma
753.1. Msharma  Sep 18, 2020 09:41 I Like It. | I Don't Like It. 1 | Report Abuse
Your risk your decision.
RAHUL RAM
752. RAHUL RAM  Sep 17, 2020 20:18 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
SIRF PROMOTOR K FAMILY WALE KO MILA HOGA
Eagleye
751. Eagleye  Sep 17, 2020 10:25 I Like It. 3 | I Don't Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (5200+ Posts, 18100+ Likes)
Total Free Float = 23,259,550 shares

Done:
Pre-opening Delivery (NSE+BSE) = 6,058,614 (26.05%)

Estimated:
Today’s EOD Delivery (NSE+BSE) = 20,000,000 (86.0%)
BubbleBoy
751.3. BubbleBoy  Sep 17, 2020 14:17 I Like It. | I Don't Like It. | Report Abuse
@haar

Only Anchor portion has 30 days lock in period, rest Ipo participants are free to sell. :)
papon
751.4. papon  Sep 17, 2020 18:52 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Eagle mam 2 crores 20 lakhs taken as delivery (NSE + BSE). Very few free float shares left
Chem cho
750. Chem cho  Sep 3, 2020 11:47 I Like It. 14 | I Don't Like It. 7 | Report Abuse Reply
IPO Guru IPO Guru (1800+ Posts, 1800+ Likes)
Do not wait to watch the subcribtion figures of RI , NI , QIB Figures
Apply Blindly and Wait for the luck in allotment
( Do not fear about the Indo-china Tension) for this Happiest Mind IPO
Chem cho
750.14. Chem cho  Sep 17, 2020 11:44 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1800+ Likes)
if it goes above 388 then Rs 399 -400
Chem cho
750.15. Chem cho  Sep 17, 2020 18:43 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1800+ Likes)
closing NSE Rs 370.95

BSE RS 371



Marwari
749. Marwari  Sep 17, 2020 18:15 I Like It. 3 | I Don't Like It. | Report Abuse Reply
ON this price level
1. what about PE? on 166 pe was 30+ and today's closing price 370 PE is 65+. Is that justify the share price?
2. Promotor age is 77. How long he will run the company.
3. Why promotor offload his stake.
SathishRAVI
748. SathishRAVI  Sep 16, 2020 19:49 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
I got allotment and I got email and messages from NSDL. But still I couldn't see the shares in holding. I'm using zerodha..
Deepak Peswani
748.2. Deepak Peswani  Sep 16, 2020 21:33 I Like It. | I Don't Like It. | Report Abuse
New Member New Member
Same for me, cannot see the share in the holdings
Deepak Peswani
748.3. Deepak Peswani  Sep 17, 2020 17:51 I Like It. | I Don't Like It. | Report Abuse
New Member New Member
Did you got the share credited? I still don't.
diks
747. diks  Sep 17, 2020 17:47 I Like It. | I Don't Like It. | Report Abuse Reply
I'm applying for maximum number of IPO's since years, but not a single share allocated to me since last one year. Don't know what's wrong happening ;(
Ipo tracker
746. Ipo tracker  Sep 17, 2020 16:27 I Like It. | I Don't Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
This ipo making 46000+ Minds Happy today.
Altough myself unlucky with allotement
KalHoNaHO
745. KalHoNaHO  Sep 17, 2020 10:04 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Sold one lot at 394.75 .....Truly made me Happiest mind!! Bech diya...Kaal ho na ho...
KalHoNaHO
745.1. KalHoNaHO  Sep 17, 2020 15:40 I Like It. 1 | I Don't Like It. | Report Abuse
Wow...this turned out to be highest price of the day!! I was not just happiest mind but luckiest as well.........at least for today!!!
sauravk
744. sauravk  Sep 17, 2020 12:32 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Do not sell. Hold this gem for 5 years. Mega bull run is starting on IT industry. I will not sell before 1000!
Small Investor
744.1. Small Investor  Sep 17, 2020 14:21 I Like It. 2 | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
Lalach buri bla h
Chilu Patel
743. Chilu Patel  Sep 17, 2020 11:21 I Like It. | I Don't Like It. | Report Abuse Reply
I had applied through Zerodha using BHIM app UPI (HDFC Banking), My money is still blocked. Is there anyone facing this same issue?
Nebu
743.3. Nebu  Sep 17, 2020 11:56 I Like It. | I Don't Like It. | Report Abuse
In upstock through bhim upi
Jay Dhole
743.4. Jay Dhole  Sep 17, 2020 12:38 I Like It. | I Don't Like It. | Report Abuse
New Member New Member
Yes, i received message yesterday that it will be unblocked by 27th Sep
CHD
742. CHD  Sep 17, 2020 11:55 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Happiest Minds - happiest allottees .....hahahahhahah..
Aniketiaf
741. Aniketiaf  Sep 17, 2020 05:32 I Like It. 2 | I Don't Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 6900+ Likes)
Good morning to all.
Today, there is listing of Happiest mind. Wishing a Bumper listing gain to all allottees.
Thanks
vreddy
741.1. vreddy  Sep 17, 2020 07:12 I Like It. 1 | I Don't Like It. | Report Abuse
@aniketiaf

I didn't get allotment, can we buy on listing today for short term gain? What rates are ok to buy, please advise what's your view
MAPatel
741.2. MAPatel  Sep 17, 2020 11:37 I Like It. 1 | I Don't Like It. | Report Abuse
Aniketji, i have sold @ 393 of my 50% shares
Should i buy it back or sold remain 50 % today ?
Please guide me
Ajay Goel
740. Ajay Goel  Sep 17, 2020 11:37 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
Applied 1 lot each from 3 different accounts got nil allotment







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