Good news for Indian traders, investors. Happiest Minds O is open for a subscription again for three days, from September 7 to September 9. Happiest Minds IPO is the first public issue buy on IT company in the last four years. It is a Bangalore based digital IT service provider. IPO planned to reopen amidst the Coronavirus pandemic.
Reopening of Happiest mind IPO
IPO is owned by Ashok Soota. It will open with 702 crore IPO for three consecutive bidding days in September at a price band of 165-166 per share. The trading timing will be from 10 am in the morning to 5 pm in the evening.
IPO will public offer comes with a fresh issue of 0.67 crores shares and an offer for sale of 3.56 shares by the promoters. IPO has provided flexibility for retail investors too. A retail investor can bid Minimum one lot, amounting 90 shares and in multiples of 90 shares thereafter to a maximum of 13 lots. Rs.2 per share will be the face value. And the share will be listed on the BSE and NSE. It Is assumed that Happiest Minds could manage to raise a whopping amount of Rs.101 crore from this issue.
Happiest Minds IPO
Ashok Soota set up Happiest Minds April l 2011. With headquarters in Bangalore, the cyber hub of the country, IPO offers many services like digital services, infrastructure services, engineering services, security services, and infrastructure management. This year Happiest Minds stood 3 places in the public listing, first and second place was badged by SBI Cards and Payment Services. According to Mr. Ashok Soota his 76% business didn’t get affected by the pandemic, which is incredible. It is lead by managers, ICICI securities, and Numora Financial Advisory and Securities (India) for public offering.
The company competes with international players like EPAM, Endava, and Globants. IPO has almost 157 customers. It derives a whopping amount of revenue across the globe, 77.5 percent from the USA, and 11.9 percent from India itself. Amidst the pandemic, IPO has opened back for traders from Monday to Wednesday, providing the opportunity to earn money in this crucial time of COVID19. Happiest Mind competes with international firms, which makes it a high profile trading company. We hope that people bagged most from these three days.