
Information Technology / IT Services & Consulting · NSE / BSE
Happiest Minds Ltd, incorporated in 2011, is a Bangalore-based IT service provider known for its "Born Digital. Born Agile" approach. The company operates in three main business segments: Digital Business Services (DBS), Product Engineering Services (PES), and Infrastructure and Management Security Services (IMSS). The DBS unit focuses on digital application development and modernization, platform management, consulting, and domain-led solutions. The PES unit enhances digital capabilities by making products smarter and more secure, while the IMSS unit provides end-to-end monitoring and management for client applications and infrastructure. As of June 30, 2020, Happiest Minds had 148 active customers and a global presence in countries like the US, UK, Australia, Canada, and the Middle East. The company's business units are supported by three Centres of Excellence specializing in the Internet of Things, Analytics and Artificial Intelligence, and Digital Process Automation. In the fiscal year 2020, 96.9% of its revenue came from digital services, making it one of the leading Indian IT companies in this sector. Happiest Minds serves a wide range of industries, including retail, edutech, industrial, BFSI, hi-tech, engineering R&D, manufacturing, travel, media, and entertainment.
Price Band
₹165 – ₹166
Issue Size
₹702 Cr
Lot Size
90 shares
GMP
Est. Listing
₹166
at current GMP
Subscribed
150.98x
overall
Open
7 Sep 2020
Close
9 Sep 2020
Allotment
15 Sep 2020
Refund
16 Sep 2020
Demat Credit
17 Sep 2020
Listing
17 Sep 2020
Designated Registrar: Kfin Technologies Limited
Allotment Date
15 Sep 2020
Basis finalization
Refunds Initiate
16 Sep 2020
Mandate release
Demat Credit
17 Sep 2020
Shares in demat
Listing Debut
17 Sep 2020
Trading begins
Happiest Minds Technologies Limited is bringing an initial public offering (IPO) in the Information Technology / IT Services & Consulting sector with an aggregate issue size of ₹702.02 Crores. The shares are offered at a price band of ₹165 to ₹166 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 90 shares (approx. ₹14,940 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2020-09-17, while un-allotted funds or UPI block mandates will be released on 2020-09-16.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.