Happiest Mind IPO : All you need to know

 Happiest Mind IPO : Whether to subscribe or not ???????


About the Company

1. It is an IT Company which Started in 2011 in Bangalore.

2. It has a Very strong tag Line Born Digital Born Agile which reflects their work strongly.


Business Areas

- Digital Business

- Product & engineering Services

- Infra & Mgmt Security Services

- The company is currently serving 157 Customers all over the Globe.

- Major Sectors of Business are Retail, Edu tech, Industrial, Hi Tech, Engineering R&D, Travel , Media & Entertainment.

- Major business in US, UK, Australia, Canada & Middle East.

- Business units are assisted by 3 Centers of Excellence - IOT(Internet of Things) , Analytics / AI(Artificial Intelligence), Digital Process Automation.

- Promoter : Ashok Soota, was the founder of midcap IT firm Mindspace, which was later taken over by L&T group


Financial Results



What is the purpose of IPO??

1. Long Term Working Capital

2. General Corporate Affairs


Important Dates



Issue Structure :  

QIB 75% of the offer 

NIB 15% of the offer

Retail 10% of the offer (4,229,009 Shares ) ( 70.20 Cr)

i.e Retail investors like us will be subscribing to 10% of the total. 


Positives

- It belongs to the IT sector which is booming now a days.

- Company is Growing exponentially over the past years

- Promoter is ethical and very well known.

- Management background is good.

- Strong financials & fundamentals.


Negatives

- PE ratio suggests that it is highly valued.

- Uncertain Global Markets :  The uncertainty in the global markets is one factor which can effect the listing Price which happened with SBI Cards IPO earlier this year. 


Personal View

- We will be buying this IPO only for the listing gains.

- No long term view suggested from our end for this company, once the listing is done and everything goes well, we will be booking profits and exiting in 1-5 days.


Dos & Don'ts

- Apply only one lot as the IPO is going to be highly oversubscribed and even if you apply 10 lots you will be alloted only 1 lot at listing.

- Do not apply from different Demat accounts linked with same PAN Details, your subscription will likely get rejected.

- You can apply from different Demat accounts linked with different PAN e.g from your family members account so as to get more chances of allotment

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