Happiest Minds Technologies ipo IPO - Details
About the company
Happiest Minds Technologies 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).
IPO Dates ,Types & Price details
IPO ISSUE PERIOD
7-Sep-20 to 9-Sep-20
Listing on BSE & NSE
Rs. 165 -166 Per Share
100% Book Building
Retail Portion : 10%
90 Shares and in multiples of 90.
Minimum Amount: ₹14,850
(IN Rs. Million)
Valuation of Happiest Minds Technologies
Earnings Per Share (EPS): INR 7.04
Price/Earnings (PE ratio): 31
Market Cap : 2207 Crore
Return on Net Worth (RONW): 27.10 %
Net Asset Value (NAV): INR26 per share
KFin Technologies Private Limited, Karvy Selenium Tower B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda Hyderabad – 500 032, India.
Telephone: +91 40 6716 2222 Fax: +91 40 2343 1551 E-mail: email@example.com Website: www.kfintech.com Investor grievance e-mail: firstname.lastname@example.org Contact Person: M Murali Krishna SEBI Registration No.: INR000000221
IPO Lead Managers
- ICICI Securities Limited
Happiest Minds Technologies Ltd
53/1-4, Hosur Main Road,
Madivala (Next to Madivala Police Station),
Bengaluru – 560 068
Phone: +91 80 6196 0300
Happiest minds technologies IPO Subscription Details
|Category||No of Shares|
|DAY 1||DAY 2||DAY 3|
|Qualified Institutional Buyers(QIBs)||1,26,87,028||9,92,430||59,36,580||98,23,12,020|
|Non Institutional Investors (NIIs)||63,43,513||39,17,250||2,51,12,070||2,22,95,01,690|
|Retail Individual Investors(RIIs)||42,29,009||6,18,00,120||16,42,87,980||30,00,14,740|
Post Subscription Details
Initiation of refunds
Transfer of shares to demat accounts
Opening Price on NSE
Closing Price on NSE
AUTHOR’S Final Note :
Considering the PAT growth YoY, IPO looks not much attractive. But the PE ratio greater than 30, IPO comes under High priced band.
For the High risk Investors, IPO is definitely worth a risk to apply and look for Listing gains.
Read here on How to apply IPO via Zerodha ?
For Low risk investors, Avoid this IPO in this market and post listing shall add few if you want to stay invested.
Additional Reading :
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