The 702-crore IPO of Happiest Minds Technologies has garnered a more-wheezing response from the investment community, making it one of the most subscribed share offerings in recent memory. The share of Qualified Institutional Buyers (QIBs) was subscribed 77.43 times, membership to non-institutional investors 351.46 times and retail individual investors 70.94 times.
The initial public offering included 0.67 crore shares and a fresh issue of sale to offer 3.56 crore shares, priced at Rs 165–166 per share.
Happiest Mind Technologies’ public issue is likely to be listed on both BSE and NSE on September 17, 2020.
How to check the status of the allocation of Happiest Minds IPO?
Investors can check the allocation status on KFin Technologies website i.e. https://ris.kfintech.com/ipostatus/ by selecting IPF and then entering the application number, DPID / Customer ID or PAN number.
KFin Technologies is the registrar of the IPO. A registrar is a SEBI-registered entity that allocates shares in a public offering and makes a refund, which is either a partial allocation or no allocation at all. Applications are processed electronically and allocated as specified by the problem prospectus.
ICICI Securities and Nomura Financial Advisory and Securities (India) are the lead managers of public offerings.
Investors can also visit the BSE website i.e. https://www.bseindia.com/investors/appli_check.aspx, select the name ‘Happiest Minds Technologies Limited’ from the drop down list, enter the application number and PAN number.