Happiest Minds Technologies Limited IPO
Happiest Minds Technologies Limited was a mainboard IPO in the Computers - Software & Consulting sector, offered at ₹165–₹166 per share to raise ₹702 crore. The issue was subscribed 150.98× overall (QIBs 77.43×, NIIs 351.46×, retail 70.94×). It listed on 17 Sep 2020 at ₹350 and closed its first day at ₹371, a listing gain of +123.5% versus the ₹166 issue price. It now trades around ₹298 (+79.3% versus the issue price).
Frequently asked questions
- How many times was the Happiest Minds Technologies Limited IPO subscribed?
- The Happiest Minds Technologies Limited IPO was subscribed 150.98× overall — 77.43× in the QIB category, 351.46× among non-institutional investors, 70.94× in retail.
- What were the Happiest Minds Technologies Limited IPO listing gains?
- Happiest Minds Technologies Limited listed on 17 Sep 2020 at ₹350, closing its first day at ₹371 — a listing gain of +123.5% versus the ₹166 issue price.
- What were the retail allotment odds for the Happiest Minds Technologies Limited IPO?
- Retail was subscribed 70.94×, so a single-lot application had roughly a 1.4% chance of allotment (about 1 in 71), and allotment was finalised on 11 Sep 2020.
- What was the price band and lot size of the Happiest Minds Technologies Limited IPO?
- The price band was ₹165–₹166 per share, with a minimum lot of 90 shares (₹14,940 at the upper band).
- Who were the registrar and lead manager for the Happiest Minds Technologies Limited IPO?
- KFin Technologies Private Limited was the registrar, and ICICI Securities was the book-running lead manager.