Business Standard

Happiest Minds Technologies Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

702.02 cr

Price Range (₹)

166

Lot Size

90

Min Investment (₹)

14,940.00

Listing Exchange

MumbaiNSE

Open Date

07-Sept-2020

Close Date

09-Sept-2020

Listing Date

17-Sept-2020

Happiest Minds Technologies Ltd News

    The Shares of Happiest Minds Technologies Ltd have now been listed.

    Happiest Minds Technologies Ltd IPO Details

    Initial public offering of 42,290,091 equity shares of face value of Rs. 2 each (Equity Shares) of Happiest Minds Technologies Limited (Company or Issuer) for cash at a price of Rs. 166 per equity share, including a premium of Rs. 164 per equity share, (The Offer Price) aggregating to Rs. 702.02 crores, comprising of a fresh issue of 6,626,506 equity shares aggregating to Rs. 110.00 crores by the company (Fresh Issue) and an offer for sale of 8,414,223 equity shares by Ashok Soota (The Promoter Selling Shareholder), and 27,249,362 equity shares by CMDB II (The Investor Selling Shareholder, together with the promoter selling shareholder, The Selling Shareholders), aggregating to 35,663,585 equity shares (Offered Shares) and aggregating to Rs. 592.02 crores (The Offer for Sale and together with the fresh issue, The Offer). The offer shall constitute 28.80% of the post-offer paid up equity share capital of the company.

    Objective of issue

    To meet long term working capital requirement. General corporate purposes.

    Happiest Minds Technologies Ltd Contact Details

    Happiest Minds Technologies Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - investors@happiestminds.com

    Website - www.happiestminds.com