Happiest Minds IPO
Sub to : 4000
Int : 400
Prm : 75-85
Happiest mind...
Date 2nd week of september..
Sixe 700 ct..apx
Ratail 10% apx
Price band 160/170 apx
Lot 85 share apx
Kotak & grey market premium
Sub to : 6000
Int : 400
Prm : 120-130
HAPPIEST MINDS IPO ( Estimate Details)
~ Tentative Date: 7th September
~ IPO Size: Rs700 Cr
~ GMP: Rs 125 - 130
~ Kostak: Rs500
~ Happiest Minds IPO Lead Managers:
- ICICI Securities Limited
- Nomura Financial Advisory
Final Updates coming tomorrow!
Happiest Minds #IPO
Int : 400
Sub to : 7000
Grey market Premium : 105-115
Happiest Minds #IPO
lots and amount for bidding
for retail investors
Happiest Minds #IPO
Int : 400
Sub to : 7000
Grey market premium : 105-115
Happiest Minds #IPO
oversubscribed 1.6x already on 1st day!!
retail is over 8x..
may cross 50x on retail at this rate unless the markets correct this week
Happiest Minds #IPO
oversubscribed 2.876x at end of 1st day!!
retail is over 14.6x..
Happiest Minds #IPO
oversubscribed 4.4x at 12 noon of 2nd day!!
retail is over 22.3x..😲
looks like 100x for retail!
Happiest Minds #IPO
oversubscribed 8.4x at end of 2nd day!!
retail is over 38.8x.. looks like 100x for retail!
HNI almost 4x,
QIB (excl anchor) : almost 0.5x
both HNI and QIB will jump tomorrow as well
Happiest Minds #IPO
oversubscribed 26.7x at 12 noon of final day!!
retail is almost 50x.. !
HNI jumped to 57x!! they wait for last day as money is on loan
QIB (excl anchor) : now 3.8x
both HNI and QIB will jump more now...
Happiest Minds #IPO
Lets say
HNI subscription is 40K Crs. = ~379.86X
Interest cost @ 6.50%p.a. for 7 days = 20.69paise for 1X
HNI cost = 379.86 X 20.69paise = Rs78.60per share
GMP 125 +/- 2
Kostak 300+/- 25
If #GMP/listing profit less than 78.6, HNI lose money
Happiest Minds #IPO
final few hours rush on
oversubscribed 68 at 2 pm of final day!!
retail is over 57x.. !
HNI jumped to 176x!! they wait for last day as money is on loan (see calculation above)
QIB (excl anchor) : now 17x
both HNI and QIB will jump-- HNI may be 300-400x
Happiest Minds #IPO
final few hours rush on
oversubscribed 150x at 4 pm of final day!!
retail is over 67x.. !
HNI jumped to 351x!! they wait for last day as money is on loan (see calculation above)
QIB (excl anchor) : now 77x
both HNI and QIB will jump-- HNI: 400+x
💥 Happiest Mind #IPO
Size: 700 crore
Demand: 1,05,000 crore
over 150 times subscribed!!
Retail 71x
HNI 351 x
QIB 77x
HAPPIEST MINDS TECHNOLOGIES #IPO
HNI oversubscription: 351.46x
This implies a loan Interest Cost ~ INR 78.32
GMP 110 (+/- 2)
Kostak 200 (+/- 25)
ET prime:
HAPPIEST MINDS TECHNOLOGIES #IPO
Ashok Soota's career story
ris.kfintech.com/ipostatus/
👆Happiest ipo allotment status out shown here
If link above is not working
you can chek in app
play.google.com/store/apps/det…
Happiest Minds Technologies Ltd
Price Fix : Rs.166
Listing : BSE & NSE On Thursday 17 Sept, 2020
BSE CODE: - 543227
NSE:- HAPPSTMNDS
ISIN No. INE419U01012
Happiest Minds Technologies
#iPhone12
listed at over 100% premium
Jackpot for those who got allocation ... lucky few,,, as most did not
QUESTION:
price jump as Merchant bankers did not price correctly?
Or
Exuberance in market?
<WA forward>
Who made this 😂🤣
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