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 Date	Sep 7, 2020 - Sep 9, 2020
Issue Type	Book Built Issue IPO
Issue Size	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)
Face Value	₹2 per equity share
IPO Price	₹165 to ₹166 per equity share
Market Lot	90 Shares
Min Order Quantity	90 Shares
Listing At	BSE, NSE

Happiest Minds IPO Tentative Date / Timetable

Bid/Offer Opens On	Sep 7, 2020
Bid/Offer Closes On	Sep 9, 2020
Finalisation of Basis of Allotment	Sep 14, 2020
Initiation of Refunds	Sep 15, 2020
Credit of Shares to Demat Acct	Sep 15, 2020
IPO Shares Listing Date	Sep 17, 2020

Happiest Minds IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	90	₹14,940
Maximum	13	1170	₹194,220

Happiest Minds IPO Promoter Holding

Pre Issue Share Holding	61.77%
Post Issue Share Holding	53.25%

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 DRHP
› Happiest Minds IPO RHP

Happiest Minds IPO Rating

2286

4.1

Rating:

Vote Here ...

Happiest Minds IPO Listing Date

Listing Date	Thursday, September 17, 2020
BSE Script Code	543227
NSE Symbol	HAPPSTMNDS
Listing In	B
ISIN	INE419U01012
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 Reviews / Ratings

Company Contact Information

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/

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 Lead Manager(s)

Lead Manager Reports

Happiest Minds IPO FAQs

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.
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.
When Happiest Minds IPO will open?

The Happiest Minds IPO opens on Sep 7, 2020 and closes on Sep 9, 2020.
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.
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.
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.
When is Happiest Minds IPO listing date?

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

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Find Happiest Minds IPO Latest Update

Useful Articles

Happiest Minds IPO Review / Comments

759. Nitin Verma Sep 17, 2020 19:46

Is anyone else who have not got the refund till yet? My amount is still blocked with Union bank. What to do?

759.1. jainakash Sep 21, 2020 13:29

Did u got the amnt, as it is still blocked

758. Himanshu chodavadiya Sep 21, 2020 07:42

New Member

I haven't received blocked amount .I used bhim UPI .plz anybody can help

757. Aniketiaf Sep 15, 2020 15:48

16 |

2 |

IPO Guru (1100+ Posts, 6900+ Likes)

0/6
I think, my PAN no. is reserved for Route mob.
Congratulations to all allottee.

Load more comments (19 replies)

757.1. harit Sep 15, 2020 16:58

3 |

IPO Guru (1500+ Posts, 2500+ Likes)

Best wishes for RML ,
Btw
Which one out of 2 for long-term views as an investment
Point of view

757.2. Devenkme Sep 15, 2020 17:56

2 |

New Member

Yeah.. even my Pan number is reserved for Route mobile..
I have some feeling that I might not get anything in happiest mind and upcoming Chemcom. But surely will get in route mobile and CAMS Though I have applied with 11 application in Happiest mind.

757.3. Aniketiaf Sep 15, 2020 18:35

5 |

IPO Guru (1100+ Posts, 6900+ Likes)

@ harit,
Profit can be left in form of share for long term in both of the script. Capital amount can be withdrawn on listing day.

@ Devenkme,
Yeah! Hopefully we all ( including Harit ) will be allottee in Route mobile.

Thanks.

757.4. harit Sep 15, 2020 18:54

4 |

IPO Guru (1500+ Posts, 2500+ Likes)

Thanks aniket ji

757.5. MAPatel Sep 15, 2020 19:04

2 |

Hope you will get allotment in RML

757.6. Amit Pathak Sep 15, 2020 19:08

2 |

Top Contributor (200+ Posts, 100+ Likes)

Right sir I am also awaiting for Rout mobile

757.7. Devenkme Sep 15, 2020 19:16

3 |

New Member

Yes.. may all members get one lot atleast :-)

@aniket , sir which IPO is good between cams and Chemcon. Though I will apply for both, I want to know your view for long term investment.

Thanks

757.8. MBL Sep 15, 2020 20:04

2 |

Sir listing pe buy kare ?

757.9. Aniketiaf Sep 15, 2020 20:44

5 |

1 |

IPO Guru (1100+ Posts, 6900+ Likes)

MBL,
Definitely, if rate favours and having a medium to Long term view.
Thanks.

757.10. Anurup Sep 15, 2020 22:29

6 |

Not allotted a single lot in any of my four accounts. But not at all unhappy bcoz IPO was heavily oversubscribed . Also I had taken full advantage of smallcap rally and Aniketiaf sir's suggested stocks. Thanks a lot to you sir ji , I had purchased top eight shares of your list and except Linde , I am in bumper profit in all scripts. If this rally continued for at least next two days, I will not at all disappoint if allotted NIL in ROUTE MOBILE also. Very grateful to you for your timely suggestion regarding Smallcap stocks 🙏🙏🙏

757.11. Havertz Sep 16, 2020 01:22

2 |

Sir kitne pe buy kare ?

757.12. Anurup Sep 16, 2020 14:27

2 |

Finally, today's star performer is Linde ind.

757.13. Aniketiaf Sep 16, 2020 15:31

3 |

1 |

IPO Guru (1100+ Posts, 6900+ Likes)

@Anurup,
Linde is up by 14% today. It's due to you who highlighted the script yesterday.
Congratulations on your profit.
Thanks.

757.14. shelke Sep 16, 2020 15:36

1 |

New Member

Same here...Congratulations to all allottee.

757.15. chintuankith Sep 16, 2020 19:28

2 |

so is the case with me @Aniketiaf ji.... 0/6 tough luck...

how do u deal with the disappointment... this is the first time i went in this aggressive and expected at least 2 lots..... feel like giving up IPOs... i know i wont ... but just the feeling of desperation

thanks....

757.16. A.Santhosh Kumar Sep 16, 2020 22:36

3 |

1/5.....your patience will be rewarded sometime..

@chintuankith : Remember, there are enough opportune in the market....

Success is nothing but just winning probability in the market...
Just take what marketmaatha blesses you....
Don't be agressive. Be compassionate.... You will succeed....
If you are in market... you must be strong enough to see your portfolio going down 50-60%. - Warren Buffet.
It is just an IPO and that too tough allotment... don't worry.... It is someone's time now... wait for ur time.

757.17. MAPatel Sep 17, 2020 14:58

1 |

Aniketji, have you got allotment in RML ?

757.18. SHANI Sep 18, 2020 02:39

1 |

Request to give your rating to CAMS, CHEMECON, and Angel Broking

757.19. Aniketiaf Sep 19, 2020 10:23

3 |

IPO Guru (1100+ Posts, 6900+ Likes)

@ MAPatel,

Thanks for your concern but unfortunately In Route also, I scored 0/6.
It happened after many years when I have applied with full force and scored Zero in two consecutive IPOs.
But not at all disappointed as l have full faith in sologn -
" ACHCHHE DIN AANE WALE HAIN"

Thanks.

757.20. harit Sep 19, 2020 11:01

2 |

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)

757.21. Owls eye Sep 20, 2020 07:15

@Harit,

Yes similar situation with me!

My parents got allotment in one in every two ipos. Like Dixon, Smart, IRCTC, Ujjivan, etc.

756. kiran mahadev anpat Sep 19, 2020 22:48

New Member

Can anybody applied maximum allotments and received any single allotment? Please let me know.

755. IPO Mitr Sep 19, 2020 12:33

1 |

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

754. Ayush Jindal Sep 17, 2020 20:52

1 |

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

Load more comments (3 replies)

754.4. Prashant Pednekar Sep 18, 2020 14:18

@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.

754.5. AhireR Sep 18, 2020 14:45

1 |

Top Contributor (400+ Posts, 600+ Likes)

It has already corrected 10% from yesterday's high..That's what I say, price is everything..

753. Neelesh Chouhan Sep 18, 2020 08:57

Alloted 3 lot out of 12
Hold karu ya sale kar du.
Kindly guides.

753.1. Msharma Sep 18, 2020 09:41

1 |

Your risk your decision.

752. RAHUL RAM Sep 17, 2020 20:18

New Member

SIRF PROMOTOR K FAMILY WALE KO MILA HOGA

751. Eagleye Sep 17, 2020 10:25

3 |

1 |

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%)

Load more comments (2 replies)

751.3. BubbleBoy Sep 17, 2020 14:17

@haar

Only Anchor portion has 30 days lock in period, rest Ipo participants are free to sell. :)

751.4. papon Sep 17, 2020 18:52

Top Contributor (200+ Posts, 300+ Likes)

Eagle mam 2 crores 20 lakhs taken as delivery (NSE + BSE). Very few free float shares left

750. Chem cho Sep 3, 2020 11:47

14 |

7 |

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

Load more comments (13 replies)

750.1. sree vas Sep 3, 2020 13:05

2 |

Thank you chemcho, seeing you after a long time

750.2. mDelhi Sep 3, 2020 14:30

2 |

Thanks Chem Cho
surely going to apply

750.3. Chem cho Sep 7, 2020 12:14

1 |

IPO Guru (1800+ Posts, 1800+ Likes)

First Day at 12 pm subcribed retail 3.96 %

This is how some Retail have confidance in issue

weak hands(retails ) will wait for QIB and NII susbcribtion

750.4. Chem cho Sep 8, 2020 08:07

1 |

IPO Guru (1800+ Posts, 1800+ Likes)

First Day RII 14.61 times happiest minds total 2.87 x

Firing on the indo china border news today 8/9/2020

still apply , do not worry and have second thought

750.5. Chem cho Sep 8, 2020 11:14

1 |

IPO Guru (1800+ Posts, 1800+ Likes)

Retail 20 Times
QIB .08 Times
NI .91 Times 8 sept 2020
Total 4 Times @ 11.15
Are you still waiting for QIB and NI to subcribe

750.6. pklal Sep 8, 2020 12:09

1 |

how many ASBA account(different DMAT of different people) can be added in Axis bank account. kindly help me urgently.

750.7. Chem cho Sep 8, 2020 12:27

1 |

2 |

IPO Guru (1800+ Posts, 1800+ Likes)

I do not have an account in AXIS bank

sorry I donot have in idea

750.8. pklal Sep 8, 2020 12:34

chem cho , if any bank is providing that facility then how many accounts we can add. sbi also providing this facility. kindly guide.

750.9. Chem cho Sep 13, 2020 09:52

3 |

1 |

IPO Guru (1800+ Posts, 1800+ Likes)

Open account in SBI in your name
on Sbi login ID you can apply in 5 demat accounts / having diffrent PAN

if you open again account in wife name
on sbi loging , second ID you can again apply next 5 diffrent accounts /having diffrent PAN
ie 1 to 10 accounts and not again 1 to 5 (in second ID)

750.10. RJ Rocks Sep 17, 2020 08:53

Chem cho sir. Applied 8 application in happiest but didn't get alotment. Should I buy at listing for long term? What should be good price to buy?
Thanks in advance. 🙏🙏🙏

750.11. Chem cho Sep 17, 2020 09:54

1 |

IPO Guru (1800+ Posts, 1800+ Likes)

STOP LOSS RS 330

BUY RS 350

750.12. Chem cho Sep 17, 2020 11:18

IPO Guru (1800+ Posts, 1800+ Likes)

THOSE who have brought between Rs 351-360
should have sold 50 %between t Rs 388 to 390 imediately when high went to Rs 394 .95
stop loss Rs 360

750.13. Chem cho Sep 17, 2020 11:37

IPO Guru (1800+ Posts, 1800+ Likes)

now Rs 381 at 11.36

try to sell some thing ( for week hands )

do not wait for stop loss to trigger

750.14. Chem cho Sep 17, 2020 11:44

IPO Guru (1800+ Posts, 1800+ Likes)

if it goes above 388 then Rs 399 -400

750.15. Chem cho Sep 17, 2020 18:43

IPO Guru (1800+ Posts, 1800+ Likes)

closing NSE Rs 370.95

BSE RS 371

749. Marwari Sep 17, 2020 18:15

3 |

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.

748. SathishRAVI Sep 16, 2020 19:49

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..

Load more comments (1 replies)

748.2. Deepak Peswani Sep 16, 2020 21:33

New Member

Same for me, cannot see the share in the holdings

748.3. Deepak Peswani Sep 17, 2020 17:51

New Member

Did you got the share credited? I still don't.

747. diks Sep 17, 2020 17:47

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 ;(

746. Ipo tracker Sep 17, 2020 16:27

IPO Mentor (500+ Posts, 100+ Likes)

This ipo making 46000+ Minds Happy today.
Altough myself unlucky with allotement

745. KalHoNaHO Sep 17, 2020 10:04

2 |

Sold one lot at 394.75 .....Truly made me Happiest mind!! Bech diya...Kaal ho na ho...

745.1. KalHoNaHO Sep 17, 2020 15:40

1 |

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!!!

744. sauravk Sep 17, 2020 12:32

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!

744.1. Small Investor Sep 17, 2020 14:21

2 |

IPO Guru (1400+ Posts, 700+ Likes)

Lalach buri bla h

743. Chilu Patel Sep 17, 2020 11:21

I had applied through Zerodha using BHIM app UPI (HDFC Banking), My money is still blocked. Is there anyone facing this same issue?

Load more comments (2 replies)

743.3. Nebu Sep 17, 2020 11:56

In upstock through bhim upi

743.4. Jay Dhole Sep 17, 2020 12:38

New Member

Yes, i received message yesterday that it will be unblocked by 27th Sep

742. CHD Sep 17, 2020 11:55

1 |

IPO Guru (1100+ Posts, 400+ Likes)

Happiest Minds - happiest allottees .....hahahahhahah..

741. Aniketiaf Sep 17, 2020 05:32

2 |

1 |

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

741.1. vreddy Sep 17, 2020 07:12

1 |

@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

741.2. MAPatel Sep 17, 2020 11:37

1 |

Aniketji, i have sold @ 393 of my 50% shares
Should i buy it back or sold remain 50 % today ?
Please guide me

740. Ajay Goel Sep 17, 2020 11:37

New Member

Applied 1 lot each from 3 different accounts got nil allotment

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