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.
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.
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Happiest Minds is an IT servicing company which applies agile methodologies and focuses on delivering seamless customer experience, business efficiency and actionable insights. Its business is divided into three categories namely Digital Business Service (DBS), Product Engineering Service (PES) and Infrastructure and Management Security Service (IMSS).
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.
“At the upper end of the price band of Rs 166, the issue is valued at a P/E of 27x at FY20 EPS at Pre-IPO and at a P/E of 34x on post IPO EPS of Rs 4.88. We believe the issue is priced at a premium owing to its robust business model and major […]
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 […]
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Known to set the bar extremely high with his dedication and hard work, Royal Challengers Bangalore skipper Virat Kohli is happy with the fitness level of his team members, saying “everyone is looking in great shape” ahead of the Indian Premier League beginning on September 19. RCB’s will open their campaign in the lucrative T20 […]