Happiest Minds Ltd is coming up with the IPO opening on September 07, 2020 and closing on September 09, 2020. The Price Band for Happiest Minds IPO is fixed at Rs.165-166 per equity share with a face value of Rs.2 per equity share. The minimum lot size is 90 shares.
Happiest Minds Limited is a Digital Service provider offering services through its 3 units that are Digital Business Service (DBS), Product Engineering Service (PES) and Infrastructure and Management Security Service ( IMSS). The main focus remains on Application development, Designing, management and monitoring of platforms and consulting services.
Based out of Bangalore, company has a global presence in countries like US, UK, Australia, Canada and the Middle East through which it caters to its 148 customers.Company thrives upon 3 Centres of Excellence which are Internet of Things, Analytics / Artificial Intelligence, and Digital Process Automation. In last Fiscal i.e 2020, ~97% of the company’s revenues was contributed by digital services which is one of the highest among Indian IT companies.
Happiest Minds caters to various sectors such as Retail, Edutech, Industrial, BFSI, Hi-Tech, Engineering R&D, Manufacturing, Travel, Media and Entertainment.
Mr. Ashok Soota is the promoters of the company.
Company Financials:
| 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) | |
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 |
Rs. |
| Date for Finalization 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 and ICICI Securities Limited.
