Thursday, February 27, 2025 | 02:19 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Happiest Minds IPO subscribed nearly 3 times on first day of issue

Digital IT services company, promoted by former MindTree chairman, works in cloud services, SaaS, analytics.

IPO, shares, company, firms, market
Premium

Samie Modak Mumbai
The Rs 700-crore initial public offering (IPO) of Happiest Minds Technologies was subscribed nearly 3x on Monday, the first day of the issue.

Bulk of the bids came from individual investors, with the retail investor portion seeing a 14.6x subscription. The qualified investor and wealthy investor portions were subscribed 8 per cent and 62 per cent, respectively.

Most of the bids for an IPO typically come on the last day. Yet, this was the highest first-day subscription for an IPO this year. The previous IPO, that of Rossari Biotech, was subscribed 60 per cent on the first day. It went on to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in