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September 7, 2020 - September 9, 2020

Happiest Minds IPO Subscription Details

Happiest Minds IPO Subscription Status Live

Happiest Minds IPO subscribed 150.98 times. The public issue subscribed 70.94 times in the retail category, 77.43 times in QIB, and 351.46 times in the NII category by September 9, 2020 (Day 3).

Application Wise IPO Subscription (Retail): 2201505 times

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions77.4312,687,02898,23,12,02016,306.38
Non-Institutional Buyers351.466,343,5132,22,95,01,69037,009.73
Retail Investors70.944,229,00930,00,13,7404,980.23
Employees[.]000
Others[.]000
Total 150.9823,259,5503,51,18,27,45058,296.34

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.


Happiest Minds IPO (Day-wise) Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
September 7, 2020
0.080.6214.612.87
Day 2
September 8, 2020
0.473.9638.858.40
Day 3
September 9, 2020
77.43351.4670.94150.98

Happiest Minds IPO Shares Offered

Happiest Minds IPO is a public issue of 23,259,550 equity shares. The issue offers 4,229,009 shares to retail investors, 12,687,028 shares to qualified institutional buyers, and 6,343,513 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB12,687,028210.6054.55%
NII6,343,513105.3027.27%
Retail4,229,00970.2018.18%
Total23,259,550386.11100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.

Happiest Minds IPO Subscription FAQs

The Happiest Minds IPO is subscribed 150.98 by September 9, 2020.

Happiest Minds IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional77.43
Non Institutional351.46
Retail Individual70.94
Employee Reservations[.]
Others[.]
Total Subscription150.98

Retail category of Happiest Minds IPO subscribed 70.94 times as of date September 9, 2020. The public issue closes on September 9, 2020 for bidding.

An investor can apply in Happiest Minds IPO online via bank (using ASBA) or the broker (using UPI). The Happiest Minds IPO shares are offered online only.

The Happiest Minds IPO is subscribed 150.98 by September 9, 2020.

The Happiest Minds IPO allotment status is expected on or around September 14, 2020. Visit Happiest Minds IPO allotment status to check.

The Happiest Minds IPO listing date is Thursday, September 17, 2020. The equity share of Happiest Minds Technologies Ltd will list on BSE, NSE.

Visit Happiest Minds IPO subscription status page for real-time bidding information about Happiest Minds IPO.

Happiest Minds IPO Timetable

IPO Opens OnSeptember 7, 2020
IPO Closes OnSeptember 9, 2020
Finalisation of Basis of AllotmentSeptember 14, 2020
Initiation of RefundsSeptember 15, 2020
Credit of Shares to Demat AccountSeptember 15, 2020
IPO Listing DateSeptember 17, 2020