Happiest Minds IPO
Will it be a HAPPY or SAD moment for those who apply this Happiest Minds IPO, we will find out today. Let’s analyze one by one.
Business of Company
Company is mostly engaged in Digital marketing and Digital IT services. When I say mostly it’s 97% of its business and rest 3% in other sectors like Travelling and hospitality. So the corona Impact was Minimum for the company. Digital business and digital marketing has more scope in future compare to traditional business so thats positive sign for company but what about profit , customers and revenue. Let’s see.,
Growth and performance of company
In spite of Covid impact still Company reported 20% growth in past 2 years. It has 148 active customers as of now in India and other countries as well. With 2600+ employees company reported Revenue of 714 CR and 72 CR profit in the year 2020 , which is not so Great but it really commendable. Current PE ratio is 26 which we see in Large cap companies and as per company 76% of the business had no bad hit because of CORONA.
Promoter of company
Mr. Ashok Soota owns Happiest Minds. He is well known personality in IT Industries as previously he was working with Wipro , Mindtree at Senior management level. Vast experience of More than 30 years in IT Industries is the brain behind Happiest Minds.
Promoter and retail holding
Very interesting thing is only 10% size is available for retail investors and due to more demand for IPO it will be subscribed fully without any difficulty. Promoter holding is 71% which is fine as per SEBI Rule of below 75%.
Happiest Minds IPO Details
Lot size for IPO is kept as 90 minimum. And face value is 2₹ and with lisiting IPO price is 160-165. In grey market it’s rate is +100 to +120 at the moment. You can apply for IPO from 7th September to 9th September.
Listing details for IPO
You can apply for IPO from 7th to 9th September as if said already and listing will be done on 17th September.
Worth to apply ❓❓
My recommendation is YES its definitely worth applying. I am telling this inspite Nifty PE ratio is 32 and it’s falling because of Companies business structure and it’s growth. Digital market is the future and this company is doing 97% business in the same. Also , companies business will be growing not just in India but outside countries as well. Imagine , post corona travel and Hospitality business will also open for this company. For long term it’s a great buy but …
Still those who want to go safe and be with free cash can Exit on listing on 17th September if you see more than 30-40% gain. To get that much returns in just 15 days won’t be bad.
How to increase your chances for IPO.
The best way to increase your chances is by applying through multiple Demat accounts from your own and Family members as well. Also make sure when you apply you can apply with different lots. You can open demat account in just 5 min by clicking on below links