
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
Overall Subscription
150.98x
Total Demand
QIB Multiplier
77.43x
Institutions & Funds
NII / HNI
351.46x
High Net-Worth
Retail (RII)
70.94x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 12,687,028 | 982,312,020 | 77.43x |
| NIB | 6,343,513 | 2,229,501,690 | 351.46x |
| RETAIL | 4,229,009 | 300,013,740 | 70.94x |
| Total | 23,259,550 | 3,511,827,450 | 150.98x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 164,463 | 11,667,005 | 70.94x |
| HNIs (10L +) | 1,052 | 369,736 | 351.46x |
| HNIs (2-10L) | 5,035 | 1,769,601 | 351.46x |
| Total Applications | 170,550 | 13,806,342 | 80.95x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Happiest Minds Technologies Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹165 to ₹166 per equity share.
The retail lot size is 90 shares requiring a minimum application amount of ₹14,940. Expected listing price is ₹166 per equity share.
The Happiest Minds Technologies Limited IPO aggregate issue size is ₹702.02 Crores with an equity price band set at ₹165 to ₹166 per equity share. The retail lot size is 90 shares requiring a minimum capital outlay of approx. ₹14,940.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 150.98x (Retail: 70.94x, QIB: 77.43x, NII: 351.46x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2020-09-15. Investors can verify status using PAN card or application number.
Happiest Minds Technologies Limited shares are scheduled to list on NSE and BSE on 2020-09-17.