Happiest Minds Technologies Ltd.

Happiest Minds Technologies Ltd. IPO Details

Happiest Minds Technologies Ltd. IPO Subscription Period From 7th September To 9th September 2020:

To begin with, Happiest Minds Technologies Ltd. embodied in 2011 and located in Bengaluru. It is an IT service provider company. Certainly, the company mainly divided into 3 categories such as DBS, PES, and IMSS. The IPO subscription period will starts on 7th September and ends on 9th September 2020.

Happiest Minds Technologies Ltd. IPO Details:

Bid Period 7th September to 9th September
IPO Type Book Built Issue IPO
IPO Size 4,22,90,091 Eq Shares of Rs. 2 (aggregating up to Rs. 702.02 Cr)
Fresh Issue 66,26,506 Eq Shares of Rs. 2 (aggregating up to Rs. 110.00 Cr)
Offer For Sale 3,56,63,585 Eq Shares of Rs. 2 (aggregating up to Rs. 592.02)
Face Value Rs. 2 per equity share
IPO Price Rs. 165 to Rs. 166 per equity share
Market Lot 90 Shares
Minimum Order Quantity 90 Shares
Listing At BSE, NSE

The company introduced a ‘Book Built Issue IPO‘ type initial public offering with the face value of Rs. 10 per equity share. Initially, Happiest Minds Technologies Group provided an issue size of 4,22,90,091 equity shares with an aggregating of Rs. 702.02 Cr. Similarly, the price band of the issue from Rs. 165 to Rs. 166 per equity share.

The market lot and minimum order quantity of the issue is 90 shares per each. If any investor should invest in this company with a minimum investment amount of Rs. 14,940 (1 lot=90 shares). Also, the maximum investment amount of Rs. 1,94,220 (13 lots= 1,170 shares).

Happiest Minds Technologies Ltd. Promoter Holdings:

The promoter of the company is Mr. Ashok Soota.

Per Issue Share Holding 61.77%
Post Issue Share Holding 53.25%

The object of the company, it plans to utilize the IPO raised amount for the working capital requirements, general corporate purpose, and to meet long term working capital requirement. The company shares will be list on both the BSE and NSE.

IPO Registrar:

KFintech Private Limited

Selenium Building, Plot No 31 & 32,

Nanakramguda, Rangareddi,

Telangana, India – 500 032.

Phone: +1-800-3454001

Email: [email protected]

Website: http://karisma.kfintech.com/

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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