Happiest Minds IPO

Happiest Minds was started by Mr. Ashok Soota, one of the co founders of MindTree in 2011.

Three main businesses in which the company deals in are - digital business services (DBS), Product Engineering Services (PES) and Infrastructure and Management Securities Services (IMSS). The company has its presence in the Middle East, India, Canada, UK, Australia and USA. Over 77% of the company's potential customers are based in USA. Happiest Minds registered four times profit after tax from March 2011 to March 2020. IPO Bid Happiest Minds IPO is in offering from Monday 7th Sep to Wednesday 9th September in between 10 AM to 5 PM. This is the first IPO offering by an IT company since 2016. On the day one the IPO got over subscribed by 103% reducing your chances of an investment from just one Dem-at account. If you have more than one Dem-at accounts to trade with your chances of bagging a deal are fairly more. But do remember the IPO closes on 5 P.M. on Wednesday 9th Sep. The priced band of the IPO is fixed from Rs 165 to 166 per share, thereby fetching a price of 702 crore at the upper price band. Out of 702.2 cr, fresh issue of 110 crore goes to the company and remaining 592.2 cr is actually the offer for sale. The minimum and maximum purchase limits for a retail investor are – minimum 1 lot of 90 shares to maximum 13 lots. Also the face value of each share is Rs. 2 per share. Subscription Status Just hours before the offering closes, the Happiest Mind IPO was subscribed by 62.03 times. Risk Evaluation Number of clients and profits of Happiest Minds has consistently increased since its establishment in 2011. But there are some pros as well as cons of the investment that we must consider Out of 148 valued customers of Happiest Minds, only 25 customers are giving a business of USD 1 million or more to the company with only one customer giving a business of over USD 10 Million. In the other words, around 83% of Happiest Mind customers are small businesses giving a business of USD 1 million or below. As the small businesses have suffered due to COVID-19 pandemic, it is a valid point to be considered before making an investment. Now the pros – Happiest Mind is a consistent performer and even during the pandemic the quarterly profit margins are fairly good. It has registered a four times gain in profit since 2011. Despite being a small company as compared to its peers like TCS, MindTree, L&T InfoTech and Infosys; Happiest Mind registered a revenue growth of 19 percent, which is more than one of it highest peers TCS trailing behind at 7%. BSE, NSE Listing date Happiest Mind shares are likely to be listed in BSE and NSE on 17 th September 2020. This is a peer company of Happiest Minds with their stock prices: PALREDTEC                   26.90  ODYSSEY                      28.25 NIHAR                              3.66 GENESYS                       54.15 SUBEX                            10.15 For the investors who have a space for IT companies in your portfolio, you can keep the share until the FY result 2020-2021 in April 2021 But if you are entered only to gain listing benefit may be this time it is going to be tough for you as per global market conditions. however you can have benefit of 25% to 35%. Best of luck & do not forget to subscribe our channel. Our Website: https://www.investingdaddy.com/home Our Facebook Page: https://www.facebook.com/investingdaddy