• SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Home > Markets > IPO > IPO Synopsis
Select Items

IPO Synopsis

Happiest Minds Technologies Ltd
Registered Office: 53/1-4 Hosur Main Road,Madivala (Next to PoliceStatio , Bangaluru - 560068 , Karnataka , India.
Phone : 91-80-61960300/61960400   Fax:91-80-61960700
Email :  
Website :
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.

Issue Money Payable On
Opens On Closes On Application Allotment
07-Sep-20 09-Sep-20 (Rs)166.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :90  Further Multiples of :90

  (Rs Cr) Lead Managers to the Issue
Project Cost 104.03 ICICI Securities Ltd
Project Financed through Current Offer 702.02  
Post Issue Equity Share Capital 29.37  
Issue Price (Rs)166.00  
To meet long term working capital requirementGeneral corporate purposes
Promoted By
Ashok Soota  
Listing At
Registrar to the Issue
KFin Techologies Pvt Ltd  

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email –, website:

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.
By submitting your details to SMC, you are authorizing us to send promotional communication through Call/Email/SMS/Whatsapp even though you may be registered under DND.

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.


Toll-free : 1800-11-0909

Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)

Open my trading account now!  X 

* All fields are compulsory