Wednesday, January 27, 2021
  • About us
  • Contact
  • Privacy Policy
  • Sitemap
Business Khabar
  • World
  • India
  • Business
  • Tech
  • Money
  • Startups
  • Lifestyle
  • Other
    • Top Stories
    • Entrepreneur
No Result
View All Result
Business Khabar
  • World
  • India
  • Business
  • Tech
  • Money
  • Startups
  • Lifestyle
  • Other
    • Top Stories
    • Entrepreneur
No Result
View All Result
Business Khabar
No Result
View All Result
Home Business

Happiest Mind: IPO of Happiest Minds is opening today, to invest money

Archana Sharma by Archana Sharma
September 7, 2020
in Business
0
Union Budget 2021: Market gives 18% return since budget, these stocks have the biggest pocket
589
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

Happiest Mind: The IPO to Happiest Minds Technology, a company with IT services, is opening today i.e. on Monday.
Happiest Mind IPO: After returning to the stock market fast, many companies are bringing their IPOs. In this sequence, the IPO to Happiest Minds Technology, a company with IT services, is opening today on Monday, September 7. In this IPO, the price band has been fixed at 165 to 166 rupees per equity share. The company is raising Rs 702 crore from the primary market with this issue. This issue can be subscribed till 9 September. Experts say that the business model of this company is good, due to which competition is low for the company. Such companies uphold pricing power.

110 crore fresh shares will be released

The company is raising Rs 110 crore through fresh shares. The promoters’ income from the stake will go to the promoters only, while the proceeds from the fresh share issue will be used for the company’s long-term working capital and corporate needs. In this issue of Happiest Minds, the promoters will sell 3,56,63,585 shares from their stake. The promoter of the company Ashok Suta will sell 84,14,223 shares in this issue. In addition, MCDB II, a unit of JP Morgan Asset Management Company, will sell 2,72,49,362 shares.

You might also like

2021 Jeep Compass launched in India, price starts at Rs. 16.99 lakhs; Will get these changes

2021 Tata Safari Vs MG Hector Plus: Which is more powerful in engine, power and features

Tata Safari Unveil Today: A curtain lifted from the new Tata Safari, will get 170hp power generating diesel engine; Variants, features details

There will be one lot of 90 shares

A lot will be 90 shares in this IPO. This means that at least 90 shares have to be bid. After this, lots can be purchased in 90 times. ICICI Securities and Nomura Financial Advisory and Services are responsible for managing the issue.

Focus on digital business

According to the company, 97 percent of its revenue comes from digital business, which is much higher than many companies like Infosys, Mindtree and Cognizant. The average digital revenue by these companies is 40-50 percent.

Valuation

At the price band of Rs 165-166, the valuation of the company is being estimated at 26.76 times on the basis of earnings per share of FY 2019-20. Analysts say the valuation of the company’s shares is high. But considering the demand for midcap and smallcap ID shares, investors can subscribe to it.

The company is headquartered in Bengaluru

Happiest Minds was launched in April 2011 by Ashok Suta. Suta was one of the co-founders of Mindtree before starting this company. Happiest Minds is headquartered in Bengaluru. It offers Digital Business Services, Product Engineering Services and Infrastructure Management and Security Services.

 

Source: www.financialexpress.com

#Happiest #Mind #IPO #Happiest #Minds #opening #today #invest #money

Tags: digital basedhappiest mind technologyhow to invest in ipoIPOipo marketit companyknow about ipo of happiest mind technologyprimary marketshould you subscribe happiest mind technology ipowhat is ipo
Previous Post

Diesel became cheaper in your city again, knowing how low the price

Next Post

Meet social worker Anoop Khanna who is helping people live with respect for a better India

Archana Sharma

Archana Sharma

Related Posts

2021 Jeep Compass launched in india, new jeep compass launched, 2021 jeep compass price, 2021 jeep compass features, 2021 jeep compass changes, 2021 jeep compass engine
Automotive

2021 Jeep Compass launched in India, price starts at Rs. 16.99 lakhs; Will get these changes

by Business News
January 27, 2021
Tata Safari Vs MG Hector Plus, engine, power and features full comparison, 2021 tata safari features, new tata safari specifications, 2021 tata safari engine
Automotive

2021 Tata Safari Vs MG Hector Plus: Which is more powerful in engine, power and features

by Business News
January 27, 2021
Tata Safari Unveil, 2021 tata safari launch, 2021 tata safari, new tata safari price, new tata safari features, tata safari engine and transmission
Automotive

Tata Safari Unveil Today: A curtain lifted from the new Tata Safari, will get 170hp power generating diesel engine; Variants, features details

by Business News
January 26, 2021
Aadhar Card Center: Get rid of the problem of unemployment by taking a franchise
Opinion

Aadhar Card Center: Get rid of the problem of unemployment by taking a franchise

by Archana Sharma
January 26, 2021
Mentha Oil: Mentha oil rises, crosses Rs 975; What should investors do for profit?
Industries

Mentha Oil: Mentha oil rises, crosses Rs 975; What should investors do for profit?

by Business News
January 25, 2021
Next Post
Meet social worker Anoop Khanna who is helping people live with respect for a better India

Meet social worker Anoop Khanna who is helping people live with respect for a better India

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended

There are 11 IAS-PCS officers in this family of Haryana

There are 11 IAS-PCS officers in this family of Haryana

December 22, 2020
These festive special trains will continue till March 2021, check your route in the list

These festive special trains will continue till March 2021, check your route in the list

January 19, 2021

Don't miss it

sourav ganguly hospitalized after chest pain in kolkata
India

Sourav Ganguly’s health worsens again, hospitalized after complaining of chest pain

January 27, 2021
Union budget 2021, budget 2021 team, budget team of nirmala sitharaman, union budget 2021 team, union budget team, K Subramanian, tarun bajaj, tv Somanathan, ajay bhushan pandey
Finance

Budget 2021: here is the budget team of Finance Minister Nirmala Sitharaman, this time two new faces included

January 27, 2021
apple released new iOS 14.4 update for iPhones will fix problems know features
Tech

Apple releases new iOS 14.4 update for iPhone, fixes many flaws

January 27, 2021
Budget 2021-22, Union Budget 2021
Finance

Budget 2021: What is the Economic Survey, how is it related to the budget?

January 27, 2021
Due to these reasons, stampede in the market, investors lost 3 lakh crores; Sensex breaks 1000 points
Share Market

Due to these reasons, stampede in the market, investors lost 3 lakh crores; Sensex breaks 1000 points

January 27, 2021
2021 Jeep Compass launched in india, new jeep compass launched, 2021 jeep compass price, 2021 jeep compass features, 2021 jeep compass changes, 2021 jeep compass engine
Automotive

2021 Jeep Compass launched in India, price starts at Rs. 16.99 lakhs; Will get these changes

January 27, 2021
Business Khabar

Business Khabar provides the latest news about market, financial, tech, sports and business news from around the world.

Learn more

Categories

  • Automotive
  • Business
  • Car & Bike
  • Career
  • Entrepreneur
  • Fashion
  • Featured
  • Finance
  • Food
  • Health
  • India
  • Industries
  • Insurance
  • Investments
  • Lifestyle
  • Money
  • Opinion
  • Real Estate
  • Schemes
  • Share Market
  • Startups
  • Tech
  • Top Stories
  • Travel
  • uncategorized
  • World

Important

JIOMART FASHION

BUSINESS PLAN

ATUM 1.0 BIKE

UPCOMING IPO

VEGETABLE BUSINESS

MARUTI UPCOMING CARS

BUSINESSMEN STORY

TERACUBE 2E

BUSINESS AFTER LOCKDOWN

IPL COACH SALARY

CSC REGISTRATION

 

Recent News

sourav ganguly hospitalized after chest pain in kolkata

Sourav Ganguly’s health worsens again, hospitalized after complaining of chest pain

January 27, 2021
Union budget 2021, budget 2021 team, budget team of nirmala sitharaman, union budget 2021 team, union budget team, K Subramanian, tarun bajaj, tv Somanathan, ajay bhushan pandey

Budget 2021: here is the budget team of Finance Minister Nirmala Sitharaman, this time two new faces included

January 27, 2021
apple released new iOS 14.4 update for iPhones will fix problems know features

Apple releases new iOS 14.4 update for iPhone, fixes many flaws

January 27, 2021

Copyright © 2020 Business Khabar

No Result
View All Result
  • Home
  • World
  • Business
    • Automotive
    • Industries
    • Startups
    • Entrepreneur
  • Tech
  • Money
    • Schemes
    • Investments
    • Finance
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
    • Car & Bike
  • Top Stories
  • Contact Us
  • Real Estate
  • Contact
  • About us

Copyright © 2020 Business Khabar

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.