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IPO Snapshot    
Happiest Minds Technologies Ltd.
Issue Open Date 07-Sep-20  
Issue Closing Date 09-Sep-20  
Application Money 100  
Allotment Money  
Price Band 165 - 166  
Minimium Application No. 90  
Issue Size (Shares) 23259550  
Market Lot 1.00  
Objective
1. To meet long term working capital requirement; and2. General corporate purposes
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors   6343513   2229501690   351.46  
Qualified Institutional Buyers   12687028   982312020   77.43  
Retail Individual Investors   4229009   300013740   70.94  
Business Description
Promoter's Holding
Total Share Capital   86626176  
Offered to Public   23259510  
Promoter's Holding (Pre-Issue)   61.77  
Promoter's Holding (Post-Issue)   53.25  
Address
#53/1-4
Hosur Main Road
Madivala (Next To Madivala Police Station)
Bengaluru ,
Karnataka ,
560068
Phone: 080-61960300
Email: investors@happiestminds.com
Website: www.happiestminds.com
Registrar
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
Listed at
BSE, NSE
Lead Manager
ICICI Securities Ltd
Nomura Financial Advisory & Securities (India) Pvt Ltd.
Promoters
Ashok Soota
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  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
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