Happiest Minds Applied sciences makes sturdy debut, lists at 111% premium

NEW DELHI: Shares of Happiest Minds Applied sciences made a strong debut on the exchanges on Thursday because the inventory obtained listed at Rs 351 on BSE, round 111 per cent premium over its problem worth of Rs 166. As soon as listed, the Happiest Minds scrip went up additional to hit Rs 395 in intraday commerce.
On the NSE platform, the inventory obtained listed at Rs 350, up 110.84 per cent.
The difficulty, which was offered between September 7 and September 9 within the worth band of Rs 165-166, was subscribed 151 occasions. This made it one of the subscribed gives in over a decade.

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 inventory alternate information.
The Happiest Minds IPO provide contains a contemporary issuance of shares aggregating as much as Rs 110 crore and a proposal on the market of as much as 3.56 crore fairness shares.
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.
(With company inputs)

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