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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 :  investors@happiestminds.com  
Website :  www.happiestminds.com
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  
Projects
To meet long term working capital requirement General corporate purposes
Promoted By
Ashok Soota  
Listing At
BSE 
NSE 
Registrar to the Issue
No Data Found.

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