 "IPO, initial public offering")
The initial public offering (IPO) of Happiest Minds Technologies has been subscribed nearly 151x, generating bids worth more than Rs 58,000 crore and making it one of the most-subscribed maiden share offerings in recent times. The three-day bidding process ended on Wednesday and shares are likely to get listed on September 17.
The retail investor portion of the issue garnered 71x subscription, with over 2 million applications. The wealthy investor portion saw over 351x demand, while the institutional portion saw 77x subscription.
Experts said the huge demand boosts prospects for the IPO market, which had been in a moribund state with
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