Happiest Minds: An IPO that flew under the radar in startup land

Given his age and the fact that the heydays of outsourcing were long gone, several analysts and reporters wondered if this was going to work at all. But Mr. Soota was aiming higher. He was clear from the beginning that he’ll take the company public. And he wanted Happiest Minds to become the fastest company […]

Happiest Minds Technologies trades at over 60% premium in grey market

“We believe Happiest Minds IPO offer gives investor a unique opportunity to own a digital product engineering company. We see digital engineering business is growing much faster than traditional IT business and it is well positioned to overcome the business challenges due to the COVID-19 pandemic with high exposure into ‘edutech’ and ‘high tech’ verticals […]

Happiest Minds IPO day 2: Issue subscribed 8.4 times, retail portion at 39 times

The brokerage also cited more strong reasons for its recommendation – Scalable business model with multiple drivers of steady growth; end to end capabilities spanning the digital lifecycle from roadmap to deployment and maintenance; strong R&D capability; agile engineering and delivery; strong promoter – Ashok Soota (erstwhile co-founder of Mindtree); and improved financial performance.

Happiest Minds Technologies IPO subscribed 2.87 times on first day of bidding

The offer comprises a fresh issuance of shares aggregating up to Rs 110 crore and an offer for sale of up to 3.56 crore equity shares.

Happiest Minds Technologies IPO a huge hit among investors; subscribed 151 times

New Delhi: The initial public offering of IT services firm Happiest Minds Technologies garnered massive response from investors as it was subscribed a whopping 151 times on the last day of bidding on Wednesday.

IT services firm Happiest Mind’s IPO oversubscribed 151 times

The initial public offering of IT services firm Happiest Minds Technologies garnered a massive response from investors as it was subscribed a whopping 151 times on the last day of bidding on Wednesday.

IPO bonanza: SecMark Consultancy to hit D-Street, third firm to go public this month

The issue will open on September 18 and close on September 23. The company is looking to raise money to develop software, infra, and strategic acquisition in technology space. It would also use the funds to develop a larger team, acquire assets, and for other issue expenses.

Route Mobile IPO day 1: Issue fully subscribed, retail investors portion 1.8 times

“On valuations parse at upper price band (Rs 350 per share), the issue is asking for market cap Rs 1,990 crore and we believe the company can comfortably command a PE of 24x-25x, which makes the IPO valuation fairly attractive for long term investors. Considering all the parameters we recommend to subscribe for the issue, […]

Stocks in focus on September 10, 2020

The over Rs 900-crore Offer for Sale (OFS) of government shares in defence firm Bharat Dynamics got off to a smooth start with the portion reserved for institutional investors oversubscribed 1.40 times. The government is selling over 2.74 crore shares of Bharat Dynamics Ltd (BDL) at a floor price of Rs 330 apiece.

Ascent Investment Holdings sells 10.45% stake in Amber Enterprises; promoter offloads 5% in Max Healthcare

Vittoria Fund – OC and Oxbow Master Fund acquired 1,62,171 and 4,18,075 equity shares, respectively, in Amber at Rs 1,835.03 per share. Newport Asia Partners Fund and Newport Asia Institutional Fund bought 1,73,979 and 2,21,857 shares, respectively, at Rs 1,839.48 per share.