Happiest Minds Technologies Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
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.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Company revenues from operations are highly dependent on customers located in the United States. Worsening economic conditions or factors that negatively affect the economic conditions of the United States could materially adversely affect its business, financial condition and results of operations.
- Company has grown through organic growth as well as through strategic acquisitions. it may be unable to effectively manage such rapid growth, which could place significant demands on its management personnel, systems and resources. it may not be able to achieve anticipated growth, which could materially adversely affect its business, financial condition and results of operations.
- Company's success depends substantially on the continuing services of its Promoter, senior executives and other key personnel. If it is unable to attract and retain senior executives, its may not be able to maintain client relationships and grow effectively, which may adversely affect its business, results of operations and financial condition.
- Company will continue to be controlled by its Promoter after the completion of the Offer and any substantial change in our Promoter's shareholding will have an impact on the trading price of its Equity Shares.
- Company had restated loss for the year in Fiscal 2018. Any restated loss for the year in future could adversely affect its operations and financial conditions and the trading price of its Equity Shares.