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Happiest Minds Technologies IPO

Happiest mind technologies Promoted by Ashok Soota and incorporated on March 30, 2011, and Positioned as “Born Digital. Born Agile” Happiest Minds Technologies Limited (“Happiest Minds”) focuses on delivering a seamless digital experience to its customers. Its offerings include, among others, digital business, product engineering, infrastructure management and security services. Happiest Minds helps its customers in finding new ways to interact with their users and clients enabling them to become more engaging, responsive and efficient.

Happiest Minds Technologies IPO Detail

Issuer

Happiest Minds Technologies

Issue Period: September 07, 2020 to September 09, 2020
Price Band
₹ 165 - 166

Issue Size
₹ 698 - 702 cr

Face Value
₹ 2/- Per Share

Market Lot
90 Shares

Listing At
NSE,BSE
₹0 Free Equity Delivery
₹20/- For Intraday, F&O, Currencies & Commodities
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Company Information

As of March 31, 2020, Happiest Minds had 157 active customers. Its repeat business (revenue from existing customers) has steadily grown and contributed a significant portion of its revenue from contracts with customers over the years indicating a high degree of customer stickiness. Its agility and resilience has stood out in recent years. In Fiscal 2020, they delivered 87.9% of its projects through agile delivery methodology. Over the years and currently during the ongoing outbreak of Novel Coronavirus, they have successfully implemented its business continuity plans including to achieve efficient work-from-home practices to ensure connectivity across the enterprise

Competitive Strengths

  • Strong brand in Digital IT services.
  • Growing high revenue generating customer accounts with a high proportion of repeat revenues.
  • Scalable business model with multiple drivers of steady growth.
  • End to End capabilities spanning the digital lifecycle from roadmap to deployment and maintenance.
  • Strong R&D capability with depth in disruptive technologies creating value through newly engineered solutions.
  • Agile Engineering and Delivery, and
  • Mindful approach towards systems, employee policies and practices led by an experienced.

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