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Open
7 Sep 2020
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Close
9 Sep 2020
3
Allotment
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Listing
Thu, Sep 17, 2020
Price Band
₹165 to ₹166
Issue Size
4,22,90,091 shares (agg. up to ₹702 Cr)
Lot Size
90 Shares
Listing Date
Thu, Sep 17, 2020
Latest GMP
₹0
✦ AI Insight
GMP Trend
27-10-2025₹0Est. ₹—+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 82.26x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 573.08 | 508.15 | 413.52 | 386.99 |
| Total Income | 186.99 | 714.23 | 601.81 | 489.12 |
| Profit After Tax | 50.18 | 71.71 | 14.21 | -22.47 |
| EBITDA | 47.82 | 113.12 | 66.28 | 7.62 |
| NET Worth | 319.01 | 264.21 | -67.27 | -109.02 |
| Reserves and Surplus | 285.62 | 220.18 | -94.32 | -134.92 |
| Total Borrowing | 98.19 | 78.43 | 75.91 | 90.23 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ksolves India Ltd. | SME | ₹4.02 Cr | ₹100 | null | ₹106.90 | +6.90% | ₹298.55 (-5.42%) |
| Tranway Technologies Ltd. | SME | ₹4.24 Cr | ₹10 | 90 | ₹11.65 | +16.50% | ₹5.62 (-9.94%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet long term working capital requirements | 101.00 |
| 2 | General corporate purposes | 3.03 |
About Happiest Minds Technologies IPO
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 deliv
Contact Details
Happiest Minds Technologies Ltd. Address53/1-4, Hosur Main RoadMadivala (Next to Madivala Police Station)Bengaluru, Karnataka, 560068+91 80 6196 0300investors@happiestminds.comVisit Website