Happiest Minds IPO: How you can test allotment standing

NEW DELHI: The preliminary public providing (IPO) of IT providers agency Happiest Minds Applied sciences garnered a large response from traders because it was subscribed 151 occasions on the final day of bidding (September 9).
The certified institutional consumers (QIBs) portion was subscribed 77.43 occasions, non-institutional traders 351.46 occasions and retail particular person traders 70.94 occasions, as per the exchanges knowledge.
The worth band for the supply, which opened for subscription on Monday, was fastened at Rs 165-166 per fairness share.
The supply contains a contemporary issuance of shares aggregating as much as Rs 110 crore and a suggestion on the market of as much as 3.56 crore fairness shares.
Based on brokerages, Happiest Minds shares are prone to get listed on September 17.
The corporate, promoted by Ashok Soota, raised Rs 316 crore from anchor traders final week. Soota was additionally the founding chairman and managing director of MindTree. He had additionally served as vice-chairman of Wipro.
This is how one can test Happiest Minds IPO allotment standing:
Those that have subscribed to the IPO can test the allotment standing on the BSE web site.
* Choose ‘Fairness’ after which click on ‘Happiest Minds’ from the dropdown
* Enter software quantity and PAN (Everlasting Account Quantity)
* Click on on search to view the standing particulars
Candidates may go to Registrar web site (Linkintime, Karvy) to test standing.
(With PTI inputs)

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