Happiest Minds IPO to open in market on 7th September and closes on 9th September. Happiest Minds Technologies is an IT services company based in Bangalore. They provide services in three categories - Digital Business Service, Product Engineering Service and Infrastructure and Management Security Service. The IPO worth Rs 702 crore with 42290091 equity shares face value of Rs.2. The price band is fixed at Rs.165-166 with market lot of 90 shares.
Ashok Soota, the Promoter, Executive Chairman and Director has several years of experience in the IT industry. Prior to founding this Company, Mr. Soota was associated with Wipro Limited as its Vice Chairman and Mindtree Limited as its Chairman and Chief Executive Officer. He has been conferred with a Dataquest IT Man of the Year 2017, a Dataquest Lifetime Achievement Award for outstanding contribution in organizing and building the Indian software industry, an IT Lifetime Achievement Award from the Financial Express, and a Lifetime Achievement Award from Chiratae Ventures. The Company is led by a professional management team with extensive experience in the IT Services industry, in-depth understanding of managing complex projects and a proven performance track record.
Some of the qualitative factors :
- Strong brand in Digital IT services
- Growing high revenue generating customer accounts with a high proportion of repeat revenues and revenues from mature markets
- Scalable business model with multiple drivers of steady growth
- End to End capabilities spanning the digital lifecycle from roadmap to deployment and maintenance
- Strong R&D capability with depth in disruptive technologies creating value through newly engineered solutions
- Agile Engineering and Delivery
- Mindful approach towards systems, employee policies and practices led by an experienced leadership and senior management team focused on sound corporate governance practice.
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