About Happiest Minds Technologies LimitedBengaluru based Happiest Minds Technologies Limited (Happiest Minds), an IT Company, applies agile methodologies to enable digital transformation for enterprises and technology providers by delivering seamless customer experience, business efficiency and actionable insights. Company leverage a spectrum of disruptive technologies such as: Big Data Analytics, AI & Cognitive Computing, Internet of Things, Cloud, Security, SDN-NFV, Blockchain, Automation including RPA, etc. Positioned as “Born Digital . Born Agile”, our capabilities spans across product engineering, digital business solutions, infrastructure management and security services. Company deliver these services across industry sectors such as retail, edutech, industrial, BFSI, hi-tech, engineering R&D, manufacturing, travel, media and entertainment, and others. Company has offices in India, USA, UK, Canada, Australia and UAE. In India it operates from Bengaluru, Mumbai, Pune and Noida. |
Disclaimer: Investments is subject matter of solicitation. Please read offer documents/DRHP/RHP carefully before investing. This article is just for information and not intend to invest. One should always refer and read DRHP/RHP and investment process and make own decision before investing in any investment product.
Key Business Areas
 |
Key Performance |
| Particulars | 1QFY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|
| Revenue (Rs Crores | 177.0 | 698.2 | 590.4 | 462.9 |
| Revenue Growth YoY (%) | N/A | 18.3 | 27.5 | - |
| EBITDA (Rs Crores | 37.9 | 97.1 | 54.8 | -18.6 |
| EBITDA Growth YoY (%) | N/A | 77% | N/A | N/A |
| Employee Strength (Nos) | N/A | 2,666 | 2,462 | 2,253 |
Key Management |
| Name | Designation |
|---|---|
| ASHOK SOOTA | Executive Chairman |
| JOSEPH ANANTHARAJU | Vice Chairman Designate. President & CEO, Product Engineering Services (PES) |
| RAJIV SHAH | President & CEO, Digital Business Services (DBS) |
| CHALUVAIYA RAMAMOHAN | President & CEO, Infrastructure Management & Security Services (IMSS) |
| VENKATRAMAN NARAYANAN | Executive Director & Chief Financial Officer |
IPO Snapshot
| Particulars | Details |
|---|---|
| Opening Date | 7-Sept-2020 |
| Closing Date | 9-Sept-2020 |
| Face Value | Rs 2/ Share |
| Price Band | Rs 165 to Rs 166/ share |
| Bid Lot | 90 shares and multiples thereof |
| Minimum Bid Amount | Rs 14,850 - Rs 14,940/- |
| Listing on | BSE and NSE |
| Mode of Payment | UPI / ASBA (Mandatory) |
Above details may change. Typo error could possible. Please contact us to update details
Valuation
Details of Pre and Post IPO Valuation (Tentative)
| Particulars | Pre-Issue | Post-Issue (Lower Band) | Post-Issue (Upper Band) |
|---|---|---|---|
| Existing Shares | 140,237,050 | - | - |
| Fresh Share Issue | - | - | - |
| Total Shares | 140,237,050 | ||
| M.Cap (Rs Crores) | Rs 2313.9 (Lower Band) Rs2327.9 (Upper Band) |
- | - |
Above details are indicative and may change
Issue Details
Below are indicative Issue details
| Particulars | Details |
|---|---|
| Issue Size | ~Rs 702/- Crores |
| Objects of the Issue | Meet long term working capital requirement; Rs101 crores General Corporate Purposes: Rs- |
| QIB Portion (%) | 50% |
| NII Portion (%) | 15% |
| Retail Portion (%) | 35 |
| Employees Portion (%) | N/A |
| Existing Shareholders Portion (%) | N/A |
Above details are indicative and may change
Tentative Dates
Below are the indicative dates for the IPO
| Anchor Investors Bid/Offer | 4-Sept-2020, Friday |
| Bid/Offer opening | 7-Sept-2020, Monday |
| Bid/Offer closing | 9-Sept-2020, Wednesday |
| Finalisation of Basis of Allotment | 14-Sept-2020, Monday |
| Initiation of Refunds | 15-Sept-2020, Tuesday onwards |
| Credit of Shares to Demat Accounts | 15-Sept-2020, Tuesday onwards |
| Listing on Stock Exchange/s | 17-Sept-2020, Wednesday |
Above dates are tentative and may change upon unforeseen circumstances
Subscription
Below are the figures of Subscriptions of IPO
| Particulars | Details |
|---|---|
| QIB | 77.43x |
| NII | 351.46x |
| Retail | 70.94 |
| Employees | N/A |
| Existing Shareholders | N/A |
| Total | 150.98x |
Calculate Bid amount per lot to see amount required to apply for this IPO
Above may change upon unforeseen circumstances
Lead Managers |
| List of Book Running and Lead/Co-Lead Manager/s |
|---|
| ICICI Securities Ltd. |
| Nomura Financial Advisory And Securities (India) Pvt Ltd. |
Registrar |
| Name of Registrar/s |
|---|
| KFIN Technologies Pvt. Ltd. |
Check Allotment Status |
Please Go to KFIN Technologies Website if above link is not working |
FAQ: Will be updated soon... Please bear with us
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