- Digital Business Service (DBS) – This unit is specializes in development and modernization, management of platforms, assisting in designing, testing operations, consulting and domain led offerings.
- Product Engineering Service (PES) – Assist in making the digital product secure and smart.
- Management Security Service (IMSS) – provides management and monitoring of applications and client infrastructure.
Promoters of Happiest Minds Ltd.:
Mr. Ashok Soota is the promoters of the company.Financials of Happiest Minds Ltd:
| Particulars | For the year/period ended (₹ in Million) | ||||
|---|---|---|---|---|---|
| 30-Jun-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 5,730.8 | 5,081.5 | 4,135.2 | 3,869.9 | |
| Total Revenue | 1,869.9 | 7,142.3 | 6,018.1 | 4,891.2 | |
| Profit After Tax | 501.8 | 717.1 | 142.1 | (224.7) | |
Objects of the Happiest Minds Ltd Issue:
The net proceeds of the Fresh Issue are proposed to be utilized as:Happiest Minds IPO Snapshot
| Issue Open | Sept 07, 2020 to Sept 09, 2020 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 42,290,091 Eq Shares of ₹2 (aggregating up to ₹702.02 Cr) |
| Face Value | ₹2 Per Equity Share |
| Issue Price | ₹165 to ₹166 Per Equity Share |
| Market Lot | 90 Shares |
| Min Order Quantity | 90 Shares |
| Listing At | BSE, NSE |
| Market Cap (₹ Cr.) | 2207 |
| Date for Finalisation of Basis of Allotment | Sept 14, 2020 |
| Date for Initiation of Refunds | Sept 15, 2020 |
| Date for Credit of Shares to Demat Account | Sept 15, 2020 |
| IPO Shares Listing Date | Sept 17, 2020 |
The book running lead managers to the issue are Nomura Financial Advisory And Securities (India) Pvt Ltd and ICICI Securities Limited
Important Dates and Milestones for Happiest Minds Limited IPO
- Issue opens on Sept 07, 2020 and closes on Sept 09, 2020.
- The Allotment date for Happiest Minds Ltd IPO issue is expected on September 14, 2020
- The amount for unsuccessful investor will get unblocked on Sept 15, 2020.
- The Shares of Happiest Minds Ltd will get credited to Demat accounts on Sept 15, 2020.
- The Shares of Happiest Minds Ltd IPO will be listed on both NSE and BSE on Sept 17, 2020
Check Happiest Minds Ltd IPO Allotment Status Online
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The applicants can check their Happiest Minds Ltd IPO Allotment Status on the Tentative Date of Allotment, normally scheduled at 3rd or 4th working day after the IPO Closure. SEBI has mandates timelines for completion of IPO Allotment and as such the entire process of allotment gets completed in a week after the IPO closure. The Tentative date for Happiest Minds Ltd IPO Allotment Status is Sept 14, 2020.
In case, the Subscription does not remain so great for Happiest Minds Ltd IPO, the chances of getting share allotment for Happiest Minds Ltd IPO is high. However, in case, the subscription figures remains high, the chances of getting one lot in retail will be fairly minimal. It has been observed that with over subscription, the demand for shares on the listing date remains very high.
One can check Happiest Minds Ltd IPO Allotment Status by following 3 simple steps
CHECK Happiest Minds Ltd IPO ALLOTMENT STATUS
- Visit to the website of RTA (Link Intime for this IPO) on a given Link specifically for checking Happiest Minds Ltd IPO
- Enter detail like PAN number or Demat Account number or Application number
- Check status
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What next after Happiest Minds Ltd IPO
In case you are successful applicant, the share will get credited to your Demat account in next 1-2 days specifically before Listing date. As such, you are free to keep or sell your allocated shares. In case, you have not received allotment, the amount blocked in your bank account will get unblocked.
Bid details for Happiest Minds Ltd IPO
| Price (in Rs.) Quantity |
Subscription figures for Happiest Minds Ltd IPO
| ategory | No. of shares offered | No. of shares bid for | Category Subscription |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | |||
| Foreign Institutional Investors (FIIs) | – | ||
| Domestic Financial Institutions | |||
| Mutual Funds | – | ||
| Others | – | ||
| Non Institutional Investors | |||
| Corporates | – | ||
| Individuals (Other than RIIs) | – | ||
| Others | – | ||
| Retail Individual Investors (RIIs) | |||
| Cut Off | – | ||
| Price Bids | – | ||
| Employee Reserved | |||
| Employee (Cut off) | – | ||
| Employee (Price) | – | ||
| Reservation PortionShareholder | – | – | |
| Reservation Portion Shareholder (Cut off) | – | – | |
| Reservation Portion Shareholder (Price) | – | – | |
| Total |
FAQs for Happiest Minds Ltd IPO
What is the date of Allotment for Happiest Minds Ltd IPO?
Usually the entire allotment process gets completed within a week of IPO closure date. The Expected date of Allotment of Happiest Minds Ltd IPO is September 14, 2020. One can check the allotment status on this date online through the below given link [maxbutton name=”Link Intime”]
How I need to pay for the shares?
Since this is an IPO through ASBA route, the amount for the applied shares will get blocked in the respective bank account. In case of allotment of shares, the amount get deducted from the bank account else get unblocked. The expected date of unblocking of this amount is the following date of allotment of shares. Now you can also subscribe the shares through UPI route. Apply here for Happiest Minds IPO
When will I get my subscribed shares in my Demat account?
Usually, the allotted shares are credited to demat account atleast a day before listing which in this case July 21, 2020.
When will the trading begins in the exchanges for Happiest Minds shares?
The trading in shares of Happiest Minds Ltd begins on the listing day which is Sept 17, 2020. The trading begins simultaneously in both exchanges i.e. NSE and BSE
What will be the basis of allotment in Happiest Minds IPO?
The basis of Allotment will be book building. As such, the priority of allotment will be given to subscribers with better price quotes. In case of same rate quotes or “cut off price” the allotment is on the basis of computerized lucky draw.
How can I check Happiest Minds IPO allotment status?
Earlier is a lengthy and cumbersome process but now it is very simple and online way to check Happiest Minds IPO allotment status. All you need to do is to click on the below stated link and enter requisite details like application number, PAN number or DP client id. Please proceed to know Happiest Minds IPO allotment status. Normally there is very high traffic at the time of checking IPO allotment status so one should be very calm and quite for extracting information from the given link
CHECK Happiest Minds IPO ALLOTMENT STATUS Here
How will I get my refund amount, if shares are not allotted?
In case of unsuccessful investors who did not get the allotment, the amount will get unblocked in their bank account on Sept 15, 2020.
How to increase chances of allotment in case of Retail investor?
Since the basis of Allotment will ‘Book Building’, the price of application to be filled as ‘Cut off” which signified that the application will be applied as the lowest rate on which the allotment is made. As a retail investor, one should apply for one lot in multiple names. As such in case of over-subscription, each investor taken out of from a computerized lucky draw will be given one lot only. More name in that list increase chances of allotment as well.
