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Happiest Minds IPO Subscription Details (Live Status)

Happiest Minds IPO Details

IPO Open Sep 7, 2020
IPO Close Sep 9, 2020
IPO Price ₹166
Face Value ₹2
IPO Size ₹702.02 Cr
Listing At BSE, NSE
Lot Size 90
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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 Sep 9, 2020.

Application Wise IPO Subscription (Retail): 2201505 times

Investor CategorySubscription (times)
Qualified Institutions77.43
Non-Institutional Buyers351.46
Retail Investors70.94
Employees[.]
Others[.]
Total150.98

Happiest Minds IPO Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
Sep 7, 2020
0.080.6214.612.87
Day 2
Sep 8, 2020
0.473.9638.858.40
Day 3
Sep 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 subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by Chittorgarh.com on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. Chittorgarh.com holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. Chittorgarh.com including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

Happiest Minds IPO Subscription FAQs

The Happiest Minds IPO is subscribed 150.98 by Sep 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 Sep 9, 2020. The public issue closes on Sep 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 Sep 9, 2020.

The Happiest Minds IPO allotment status is expected on or around Sep 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 OnSep 7, 2020
IPO Closes OnSep 9, 2020
Finalisation of Basis of AllotmentSep 14, 2020
Initiation of RefundsSep 15, 2020
Credit of Shares to Demat AccountSep 15, 2020
IPO Listing DateSep 17, 2020