
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
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹166
Band: ₹165 – ₹166
Estimated Listing Price
₹166
Upper price + GMP
Lot Size
90 shares
Min investment ₹14,940
Estimated Profit / Lot
₹0
90 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹166 |
| 30 Oct 2026 | — | 0.0% | ₹166 |
| 29 Oct 2026 | — | 0.0% | ₹166 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
The latest grey market premium for Happiest Minds Technologies Limited IPO is ₹0, which indicates an expected listing price of ₹166.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.