The allotment of Happiest Minds IPO has been finalised for the second time. Investors can check the share allotment status on the website of KFin Technologies, registrar of the Happiest Minds. Ashok Soota, a pioneer of India’s information technology services industry has hit India IPO jackpot. Ashok Soota has headed three outsourcing companies, including Wipro Ltd. Happiest Minds shares are likely to get listed on September 17, 2020, according to brokerages.
Steps to check Happiest Minds IPO allotment status:
- Once it is declared, the investors should visit the website ris.kfintech.com/ipostatus to check their Happiest Minds IPO allotment status
- Select the IPO
- Enter your application number or DPID/Client ID or PAN
The price band for the IPO was fixed at Rs 165-166 per equity share. Its shares are likely to be listed on September 17 on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The IPO consists of fresh issue of 66.2 lakh shares and offer of sale of 356.6 lakh offer of sale. Post IPO, the promoter’s stake will come down to 53% from 62%. CMDB-ll (JP Morgan Asset Management) will also offer 27,249,362 shares through the offer-for-sale route.
The company, incorporated in 2011, is a Bangalore based IT service provider, which provides end-to-end solutions in the digital space. As of June 30, 2020, HMTL had 148 active customers and a presence in countries like US, UK, Australia, Canada and the Middle East.