I got onr lot..what to do.. Hold or sell? Please guide
Happiest Mind Technologies IPO
(i) Positioned as “Born Digital. Born Agile”, the happiest mind focus on delivering a seamless digital experience to the customers. The offerings include digital business, product engineering, infrastructure management, and security services.
(ii) Happiest Mind provides end-to-end solutions in the digital space. They also offer solutions across the spectrum of various digital technologies such as Robotic Process Automation (RPA), Software-Defined Networking/Network Function Virtualization (SDN/NFV), Big Data and advanced analytics, Internet of Things (IoT), cloud, Business Process Management (BPM) and security.
(iii) In Fiscal 2020, 96.9% of the happiest mind revenues came from digital services. This is one of the highest among Indian IT companies (Source: Frost & Sullivan Report). The Frost & Sullivan Report notes that the legacy IT market as a percentage of total technology spend is estimated to decline from 85.7% share in 2019 to 65% share by 2025, with digital spend making up the remaining 35% share by then. The Frost & Sullivan Report estimates the global digital services market of USD 691 billion in 2019 to grow at a CAGR of 20.2% to USD 2,083 billion by 2025.
(iv) As of March 31, 2020, the Happiest Mind has 157 active customers. The repeat business (revenue from existing customers) has steadily grown and contributed a significant portion of our revenue from contracts with customers over the years indicating a high degree of customer stickiness.
(v) In Fiscal 2020, they delivered 87.9% of the projects through the agile delivery methodology. Over the years and currently, during the ongoing outbreak of Novel Coronavirus, they have successfully implemented business continuity plans including to achieve efficient work-from-home practices to ensure connectivity across the enterprise.
(vi) In the Great Place to Work® 2019 survey, Happiest Mind was ranked among India’s Top 25 Best Workplaces for Women. They have also received a great place to Work® Certification. As of March 31, 2020, they had a Glassdoor rating of 4.1 on a scale of ‘1-5’, among the highest for Indian IT services companies(Source: Frost & Sullivan Report).
Objects of the Happiest Mind Technologies IPO:
Happiest Mind Technologies IPO Details:
|Open Date:||Sep 07 2020|
|Close Date:||Sep 09 2020|
|Face Value:||₹ 2 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||702 Cr.|
|Lot Size:||90 Shares|
|Issue Price:||₹ 165-166 Per Equity Share|
|Listing Date:||Sep 17 2020|
Promoters And Management:
Financials of Happiest Mind Technologies IPO:
|Year||Long-Term Debts||Short-Term Debts||Total Debt||NW||Debt/NW||RONW||CE||ROCE|
|Year||Current Assets||Current Liabilities||Current Ratio||CFO||Capital Exp||FCF|
Comparison With Peers:
Recommendation on Happiest Mind Technologies IPO:
|2nd Day 6:00PM||0.47x||3.96x||38.55x||8.40x|
Lead Manager of Happiest Mind Technologies IPO:
Registrar of Happiest Mind Technologies IPO:
Discussion on Happiest Mind Technologies IPO:
135% above issue price… Bumper listing as expected..
Congratulations to all the allottees…Just book your profit and exit from this if you played for Listing Gains . My personal opinion is that if you are getting 75-80% profit then you should exit. Rest it depend upon your mindset…!!
My take on Listing.
1. The expected listing is around 320-330 price range. Those who have got an allotment, sell 50% on listing price and carry 50% with stop loss at 280.
2. If it lists around 280 levels, then it is a buying opportunity for a target of 330.
Happy Listing to allottees.
Whats ur opinion on listing? Hold for more profit and sell at listing plz guide
Applied 6Lot in account 0 Allotted…
applied 5 got 00000
Applied for 2 lots nil alloted
I got one lot out ot 02.
Hold or sell.. Please guide
sell to me
Piyush, how does this work
Do you just tranfer the amount
How trust jsnmajntajned between 2 parties
Ok 😆 Really guide
Hey Market Wizard…I have got 0 allotment from 3 demat account of my family . Anyone please confirm whether it would have any effect that we apply higher lot or 1 lot is enough in case of over subscription…??
1 lot is enough in higher subscription.
Have you applied it from 1 Account or from different Accounts..??
Got 1 out of 5 🤩
Have you applied it from 1 Account or from different Accounts..??
Different demat account from asba
With 5 pan right…..u have applied using different pan card with their asab….as per I know only one application per pan
No luck.. 0 allocated 🙁
Happiest mind ipo allotment status
In evening people can check ALLOTMENT HERE.
I don’t see the “Happiest Mind” option in there yet!
Applied 1+1 Lot.
Alotted 0+0 Lot.
In 2 Demates/PAN.
When allotment comes?
Today evening or tomorrow
When the allotment details would come up?
GMP 128 +/- 1
GMP 187 +/- 1
Pl update live subscription
QIB NII Retail Total
7.72x 115.84x 51.79x 45.22x
Sir, from where you get this information? The information available at NSE and BSE websites differ and not comparable.
QIB NII Retail Total as per NSE
77.43 351.46 70.94 150.98
SR. NO. CATEGORY NO OF SHARES OFFERED/ RESERVED NO OF SHARES BID FOR NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY
1 Qualified Institutional Buyers (QIBs) 1,26,87,028 98,23,12,020 77.43
1(a) Foreign Institutional Investors(FIIs) – 26,76,52,620 –
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) – 31,58,63,010 –
1(c) Mutual funds – 9,78,71,940 –
1(d) Others – 30,09,24,450 –
2 Non Institutional Investors 63,43,513 2,22,95,01,690 351.46
2(a) Corporates – 33,22,97,640 –
2(b) Individuals(Other than RIIs) – 1,83,77,98,020 –
2(c) Others – 5,94,06,030 –
3 Retail Individual Investors(RIIs) 42,29,009 30,00,13,740 70.94
3(a) Cut Off – 22,50,59,040 –
3(b) Price bids – 7,49,54,700 –
– Total 2,32,59,550 3,51,18,27,450 150.98
Why is the QIB subscription so low? A lot of shares have been set aside for them, but so far only 8% have been booked.
Normally majority of QIBs will subscribe on the 3rd (closing) day. Let us see the status tomorrow. If QIB quota is not fully subscribed then the listing may be at a discount.
Is it gmp?
Pls live subscription .
Can a person make 5 applications (different names/PAN) via ASBA through a third party bank account?
sebi allows 5 applications. But strangely, in the RHP, I saw “DO NOT SUBMIT MORE THAN ONE BID CUM APPLICATION FORM PER ASBA ACCOUNT”
Plz update live subscription of ipos
Happiest Mind Anchor list
Minimum order quantity is 90 share, correct it
Why retail portion is 10%?
Ive heard that this is because of Sebi rules since company hasn’t been profitable in last 3yrs it seems…
Why Rii portion is 10% only?
Happiest Minds IPO from 7-9th Sept. Founded by Ashok Soota. Under him Wipro IT Rev jumped from 7 cr to $500m from 1984-1998 .Co founded Mindtree in 1999,did its IPO in 2007, subscribed 103X and now Happiest Minds which has hit Rev of Rs 720 cr
Dear Market Wizard, why Rii portion is 10% only?
In the first quarter of Q1FY21, Happiest Mind has clocked a revenue of 186 Crores and 50 Crores of PAT.
Annualized PAT for FY20 = ~70 Crores.
Annualized PAT for FY21 = ~200 Crores.
Total Shares after IPO = 14,68,63,556
EPS (FY20) = 4.76
EPS (FY21) = 13.61
IPO Price = 166
GMP = 115
Listing Price expected = 281
P/E ( at listing based on FY20)= 59x
P/E ( at listing based on FY21)= 21x
A fresh issue of up to [●] equity shares aggregating up to ₹110 Crores and an offer for sale of up to 8,414,223 equity shares.
Very good IPO to apply. Ex. Mindtree promoter-driven company.
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