Happiest Minds IPO subscribed 4.28 times on Day 2

The issue will close on Wednesday, September 9, 2020.

Sep 08, 2020 12:09 IST India Infoline News Service

Initial Public Offering, IPO
The initial public offer (IPO) of Happiest Minds Technologies was subscribed 4.28 times on Day 2 of the bidding process on Tuesday.

As per the stock exchange data, the qualified institutional buyers (QIBs) category was subscribed 0.08 times. The non-institutional investors' category was subscribed 1.11 times. The retail individual investors (RIIs) category was subscribed 21.61 times.

The issue will close on Wednesday, September 9, 2020. The price band for the IPO is set at Rs165-166 per share.

This would be the second listing of Soota who also launched Mindtree in 2007 through the same route on stock exchanges. Happiest Mind is a decade old company and was founded by Soota in 2011.

Book running lead manager (BLRM) for the IPO are ICICI Securities and Nomura Financial Advisory and Securities (India). While ICICI Bank is the sponsor bank.

Subscribe to Happiest Minds IPO with IIFL Securities. Click here to Subscribe

Related Story