Happiest Minds Technologies Ltd 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 & modernization, 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 Centers 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 industrial sectors such as Retail, Edutech, Industrial, BFSI, Hi-Tech, Engineering R&D, Manufacturing, Travel, Media and Entertainment.
Competitive Strengths
- Focused on software product development
- Strong Brand in offering Digital IT services
- End to End digital lifecycle
- Agile Engineering and Delivery
Happiest Minds IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹165 to ₹166 per equity share |
| Market Lot | 90 Shares |
| Min Order Quantity | 90 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 543227 |
| NSE Symbol | HAPPSTMNDS |
| ISIN | INE419U01012 |
| Issue Size | Aggregating up to ₹702.02 Cr |
| Fresh Issue | Aggregating up to ₹110.00 Cr |
| Offer for Sale | Aggregating up to ₹592.02 Cr |
Happiest Minds IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 7-Sep-20 |
| IPO Close Date | 9-Sep-20 |
| Basis of Allotment Date | 14-Sep-20 |
| IPO Listing Date | 17-Sep-20 |
Happiest Minds IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 90 | ₹14,940 |
| Maximum | 13 | 1170 | ₹194,220 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Happiest Minds Technologies
Company Financials
| PARTICULAR | 30-Jun-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 5,730.80 | 5,081.50 | 4,135.20 | 3,869.90 |
| Total Revenue | 1,869.90 | 7,142.30 | 6,018.10 | 4,891.20 |
| Profit After Tax | 501.8 | 717.1 | 142.1 | -224.7 |
Company Promoters
Mr. Ashok Soota is the promoter of the company.
Objects of the Issue
The company proposes to utilize the Net Proceeds from the fresh issue towards funding the following objects.
- To meet long term working capital requirement; and
- General corporate purposes
Registrar & company Details
| Company Contact Information | Happiest Minds IPO Registrar |
| Happiest Minds Technologies Ltd 53/1-4, Hosur Main Road, Madivala (Next to Madivala Police Station), Bengaluru – 560 068 Phone: +91 80 6196 0300 Email: investors@happiestminds.com Website: http://www.happiestminds.com/ | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: happiestminds.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
