According to 100mcxtips News, Happiest Mind: The IPO of Happiest Minds is opening today, know what is right and wrong before investing money.

According to 100mcxtips.in's News, Happiest Mind: The IPO of Happiest Minds is opening today, know what is right and wrong before investing money.

 

Happiest Minds IPO News: The IPO to Happiest Minds Technology, a company with IT services, is opening today on September 7, ie Monday, Information given by https://100mcxtips.in/.

 

According to 100mcxtips.in's News, Happiest Mind IPO: After returning to the stock market, many companies are bringing their IPO. In the same order, IPO to the company with IT services, Happiest Minds Technology, is opening on Monday, September 7 i.e. Information given by Commodity Tips. 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 to 9 September Information given by MCX Tips. 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 information given by 100mcxtips.in.

 

According to 100mcxtips.in's news, 110 crore fresh shares will be released

The company is raising Rs 110 crore through fresh shares. The promoters' proceeds from the stake will go to the promoters only, while the proceeds from the issue of fresh shares will be used for long-term working capital and corporate needs of the company Information given by Commodity Tips. 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. Apart from this, MCDB II, a unit of JP Morgan Asset Management Company will sell 2,72,49,362 shares Information given by 100mcxtips.in.

 

According to 100mcxtips.in's news, a lot will be of 90 shares

A lot will be 90 shares in this IPO. This means that at least 90 shares have to be bid for. After this, lots can be purchased in 90 times. The responsibility of managing this issue rests with ICICI Securities and Nomura Financial Advisory and Services Information given by 100mcxtips.in.

 

According to 100mcxtips.in's news, focus on business

According to the company, 97 percent of its revenue comes from digital businesses, which is much higher than many companies like Infosys, Mindtree and Cognizant. These companies have an average digital revenue of 40-50 percent. Information given by 100mcxtips.in.

 

According to 100mcxtips.in's news, valuation

The valuation of the company at the price band of Rs 165-166 is estimated to be 26.76 times on the basis of earnings per share for the financial year 2019-20 Information given by Commodity Tips. Analysts say the valuation of the company's shares is high. However, given the demand for midcap and smallcap ID shares, investors can subscribe to this information given by 100mcxtips.in.

 

According to 100mcxtips.in's news, the company is headquartered in Bengaluru

Happiest Minds was launched in April 2011 by Ashok Suta. Prior to starting this company, Suta was one of the co-founders of Mindtree Information given by MCX Tips. Happiest Minds is headquartered in Bengaluru. It offers Digital Business Services, Product Engineering Services and Infrastructure Management and Security Services Information was given by 100mcxtips.in

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