About company

Happiest Minds is headquartered in Bangalore, India with operations in the U.S.,UK, Canada, Australia and Middle East. Their philosophy is simple ‘happiest people make happiest customers’. Promoter of the company is Ashok Soota. He was the vice chairman of Wipro Limited and senior vice president of Shriram Refrigeration Industries Limited prior to co-founding MindTree Limited. He is regarded as one of the key person in the growth of wipro limited in 90’s.

Their business is divided into the following three Business Units

Digital Business Services (DBS)

  • Driving digital modernisation and transformation for our customers through digital application development.
  • Development and implementation of solution, modernisation of digital practices.

Product Engineering Services (PES)

  • PES BU aims to help our customers capitalise on the transformative potential of ‘digital’ by building products and platforms that are smart, secure and connected.

Infrastructure Management & Security Services (IMSS)

  • Provide continuous support and managed security services for mid-sized enterprises and technology companies.

In Fiscal 2020, 96.9% of our revenues came from digital services.

FINANCIAL STRENGTH

Particulars2018(cr)2019(cr)2020(cr)
Assets109.179.563.0
Revenue512.2576.6629.3
Profit/loss-22.514.271.7
Diluted EPS(Rs)-3.131.165.36

STRENTHS

  • Strong brand in Digital IT services
  • Mindful approach towards systems, employee policies and practices led by an experienced leadership and senior management team focused on sound corporate governance practices.

Ipo particulars

The Objects of the Offer is to meet long term working capital requirement and General corporate purpose.

IPO dateSep 7 – Sep 9 (2020)
Issue size702.02 Cr (42,290,091 Eq shares)
Listing price band165 -166 per equity share
Face value2 Rs
1 Lot size90 shares
Retail portion10%
Minimum quote14,940 Rs
Maximum quote1,94,220 Rs
Offer opens onSep 7, 2020
Offer closes onSep 9, 2020
Credit of shares in demat accountSep 15,2020
Listing dateSep 17, 2020

Happiest Minds IPO Offer Size by Investor Category in percentage

  • QIBs: 75%
  • Non-Institutional Investors: 15%
  • Retail Individual Investors: 10%

To invest in this IPO you need a demat and trading account and UPSTOX which is entrusted by Ratan Tata is one of the leading provider of demat and trading in a single account. Opening of demat account doesn’t take more than 5 min of your time. Click the link to open free demat account with Upstox.

0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *