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).
“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 […]
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.
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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Market experts said investors are rushing to subscribe to such offerings because these issuers are experiencing positive tailwinds for their businesses due to the pandemic. A drought of local IPOs since March, leading to a pent-up appetite for them, is helping as well, they said.
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.
Indiabulls Housing Finance launched its QIP (qualified institutional placement) on Wednesday and set the floor price at Rs 206.70 per equity share for the issue. The Securities Issuance Committee of the company”s board at a meeting held on September 9, 2020 approved the floor price, it said in a regulatory filing. In a separate filing, […]