All about Happiest Minds

About 

Happiest Minds Technologies is a mid-tier IT services provider headquartered in Bengaluru. 

The company offers three services: 

Digital Business Services (DBS); 

Product Engineering Services (PES) and 

Infrastructure Management & Security Services (IMSS)

Happiest Minds has operations in the US, UK, The Netherlands, Australia and Middle East.

Happiest Minds has been ranked 4th among IT Services companies and 42nd across all industries in India’s Best Companies To Work For 2019′ study by The Economic Times and Great Place to Work

Directors 

Assets & Liabilities

Profits and Loss

Shareholding Patterns

IPO

Smallcap IT company Happiest Minds Technologies on September 4 has raised Rs 315.90 crore from 25 anchor investors, ahead of its IPO scheduled to open next week.

Allocation of 1,90,30,541 equity shares to anchor investors

Company issued shares to anchor investors at Rs 166 per share, the higher end of price band

Anchor investors are

Government of Singapore, 

Pacific Horizon Investment Trust, 

Integrated Core Strategies Asia Pte, 

Aditya Birla Sun Life MF, 

Axis MF, 

Goldman Sachs India Fund, 

HDFC Life Insurance, 

Franklin Templeton MF, 

ICICI Prudential MF, 

Kuwait Investment Fund, 

Fidelity Asian Values Plc, 

SBI MF, 

among others.

The Rs 702-crore initial public offering of Happiest Minds will open for bidding on September 7 and the same will close on September 9.

The company has fixed issue price band at Rs 165-166 per share,
while bids can be made for minimum 90 equity shares and in multiples of 90 shares thereafter.

Risks related to the Business 

1. Our revenues from operations are highly dependent on customers located in the United States. Worsening economic conditions or factors that negatively affect the economic conditions of the United States could materially adversely affect our business, financial condition and results of operations

In Fiscals 2018, 2019 and 2020, our external customers located in the United States contributed 73.5%, 75.5% and 77.5% of our revenue from operations, respectively

Disclaimer

Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their entire investment. Investors are advised to read the risk factors carefully before taking an investment decision in the Offer. For taking an investment decision, investors must rely on their own examination of our Company and the Offer, including the risks involved. The Equity Shares in the Offer have not been recommended or approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of the contents of this Draft Red Herring Prospectus