Happiest Minds becomes eigth biggest IPO of decade

To say Happiest Minds Technologies’ initial public offering was a hit on D-Street would be an understatement. The Rs 702-crore public issue was subscribed 150.98 times, making it the eighth biggest IPO of the last decade.

The IPO of the Mumbai-headquartered digital IT services provider was subscribed 351.5 times by non-institutional investors and 77.4 times by
Qualified Institutional Buyers (QIB) during September 7-9. Retail demand for the issue was strong as well, garnering 70.94 times subscription.

Salasar Techno Engineering currently holds the spot for the most subscribed IPO of the last decade, notching 277.28 times subscription in its July 2017 issue, data shows.

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