Happiest Minds Technologies ipo IPO - Details

Happiest Minds Technologies ipo
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


7-Sep-20 to 9-Sep-20

Listing on BSE & NSE

IPO Size

(Rs.700.00 crore)


Price Range

Rs. 165 -166 Per Share

IPO Type

100% Book Building

Retail Portion : 10%


90 Shares and in multiples of 90.

Minimum Amount: ₹14,850 

Face Value

Rs. 2 

(IN Rs. Million)

Financial Performance

Total Assets – 3869.9
Total Revenue – 4891.2
PAT – -224.7

Total Assets – 4135.2
Total Revenue – 6018.1
PAT – 142.1

Total Assets – 5081.5
Total Revenue – 7142.3
PAT – 717.1

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

Contact details

IPO Registrar

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: happiestminds.ipo@kfintech.com Website: www.kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Contact Person: M Murali Krishna SEBI Registration No.: INR000000221

IPO Lead Managers

  • ICICI Securities Limited

Company Address

Happiest Minds Technologies Ltd
53/1-4, Hosur Main Road,
Madivala (Next to Madivala Police Station),
Bengaluru – 560 068

Phone: +91 80 6196 0300
Email: investors@happiestminds.com

Happiest minds technologies IPO Subscription Details

CategoryNo of Shares
Qualified Institutional Buyers(QIBs)1,26,87,0289,92,43059,36,58098,23,12,020
Non Institutional Investors (NIIs)63,43,51339,17,2502,51,12,0702,22,95,01,690
Retail Individual Investors(RIIs)42,29,0096,18,00,12016,42,87,98030,00,14,740
Subscription Times-2.878.40150.98
Source: NSE India

Post Subscription Details​

Finalisation of Allotment


Click on this link to get allotment status.

Initiation of refunds


Transfer of shares to demat accounts


Listing Date


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. 

Grey Market Premium : 

GMP was around 130 which is good indicator for the decent Listing gain.

What is Grey Market Premium and how it works

Additional Reading :

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