| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹702.02 Cr |
| Fresh Issue | ₹110.00 Cr |
| Offer for Sale | ₹592.02 Cr |
| Face Value | โน2 Per Equity Share |
| Price Band | โน165.00-166.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543227 |
| NSE Code | HAPPSTMNDS |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | ICICI Securities Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 90 shares and in multiples thereof
Incorporated in 2011, Positioned as "Born Digital. Born Agile" Happiest Minds Ltd is a Bangalore based IT service provider company. The business of the company is divided into three categories; Digital Business Service (DBS), Product Engineering Service (PES) and Infrastructure and Management Security Service ( IMSS).
The DBS unit offers digital application development & modernisation, assistance in designing & testing of operations, management of the platform, consulting and domain led offerings.
PES unit helps by transforming the potential of digital by making the product secure and smart. Wherein, IMSS provides an end to end monitoring and management capability for applications and infrastructure of the clients.
As of June 30, 2020, Happiest Minds had 148 active customers and has a global presence in countries like US, UK, Australia, Canada and the Middle East. The business units of the company is assisted by the 3 Centres of Excellence which are Internet of Things, Analytics / Artificial Intelligence, and Digital Process Automation. In Fiscal 2020, 96.9% of the company's revenues came from digital services which is one of the highest among Indian IT companies.
Happiest Minds delivers services across industry sectors such as Retail, Edutech, Industrial, BFSI, Hi-Tech, Engineering R&D, Manufacturing, Travel, Media and Entertainment.
Competitive Strengths
1. Focused on software product development
2. Strong Brand in offering Digital IT services
3. End to End digital lifecycle
4. Agile Engineering and Delivery
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | To meet long term working capital requirements | 101.00 |
| 2 | General corporate purposes | 3.03 |
| # | Issue Expenses | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMsand commissions(including underwriting commission, brokerage and selling commission) | 19.35 |
| 2 | Selling commission payable to SCSBs for Bids directly procured by them and processing fees payable to SCSBs for Bids rocured by the Members of the Syndicate, the Registered Brokers, CRTAs or CDPsand submitted to SCSBs for blocking, Bankers to the Offer, fees payable to the Sponsor Bank for Bids made by RIBs,selling commission and uploadingcharges payable toMembers of the Syndicate (including their Sub-Syndicate Members), RTAs,CDPsand Register | 3.62 |
| 3 | Processing fees payable to the Sponsor Bank | 1.48 |
| 4 | Fees payable to Registrar to the Offer | 0.83 |
| 5 | Printing and stationery expenses | 1.03 |
| 6 | Advertising and marketing expenses | 1.22 |
| 7 | Listing fees, SEBIfees, BSE and NSE processing fees, Book-building software fees, Other regulatory expenses, Fees payable tolegal counsel; and Miscellaneous | 10.55 |
Last Updated on 14-Sep-2020 23:10:00