NEW DELHI: The initial public offering (IPO) of IT services firm Happiest Minds Technologies garnered a massive response from investors as it was subscribed 151 times on the last day of bidding (September 9).
The qualified institutional buyers (QIBs) portion was subscribed 77.43 times, non-institutional investors 351.46 times and retail individual investors 70.94 times, as per the exchanges data.
The price band for the offer, which opened for subscription on September 7, was fixed at Rs 165-166 per equity share.
The offer comprises a fresh issuance of shares aggregating up to Rs 110 crore and an offer for sale of up to 3.56 crore equity shares.
According to brokerages, Happiest Minds shares are likely to get listed on September 17.
The company, promoted by Ashok Soota, raised Rs 316 crore from anchor investors last week. Soota was also the founding chairman and managing director of MindTree. He had also served as vice-chairman of Wipro.
Here’s how you can check Happiest Minds IPO allotment status:
Those who have subscribed to the IPO can check the allotment status on the BSE website.
* Select ‘Equity’ and then click ‘Happiest Minds’ from the dropdown
* Enter application number and PAN (Permanent Account Number)
* Click on search to view the status details
Applicants can also visit Registrar website (Linkintime, Karvy) to check status.
(With PTI inputs)