Great listing of Happiest Minds Tech, listed at Rs 351 against Rs 166, money doubled

Mumbai. On the country’s main stock exchange BSE (Bombay Stock Exchange) The issue price of Happiest Minds Technologies IPO is listed at Rs 351 as against Rs 166. In simple words, investors have made 100 percent profit. Earlier the IPO was subscribed 151 times. Its price band has been fixed at Rs 165 to Rs 166 per equity share. Let us tell you that people liked the IPO of Ashoka Suta’s company Happiest Minds (Happiest Minds Technologies hits IPO jackpot). He is a veteran of India’s Information Technology Services Industry, who has served as the head of three big outsourcing companies. One of these is the giant company Wipro Limited and the remaining two are public companies. His startup company Happiest Minds got such a strong response that this IPO became India’s most successful IPO of this decade.

Great listing, investors’ money doubled in a week- The spectacular listing of Happiest Minds has brought joy to the faces of investors. Investors’ money has doubled in a week. Suppose if an investor had invested money in IPO and he got 100 shares. Their price (166 (issue price of shares) X100 (total shares)) is Rs 16,600. At the same time, now after listing the share price has become Rs 351. In this respect, the investment of Rs 16,600 has increased to Rs 35,100.

What should investors do now? Experts say that it will become expensive in terms of valuations. But, stay positive. There is no money to be made in this IPO alone. Good opportunities will come in the coming days. Many companies are in the IPO race. Short term investors set a stoploss of ₹250 and exit. Keep trailing your stoploss continuously. At the same time, remain a long term investor.

Know about the share listing of Happiest Minds Technologies

The issue was subscribed 151 times- The Rs 700 crore IPO of IT services company Happiest Minds received 151 times the bids. In this IPO, bidding took place for 351 crore shares, while only 2.33 crore shares were offered. This happened because people gambled on the credibility of founder Ashok Suta. Investors have full faith in Ashok Suta.

What does the company do?According to Happiest Mind, 97 percent of its revenue comes from digital business, which is much higher than many companies like Infosys, Mindtree and Cognizant. The average digital revenue of these companies is 40-50 percent. It offers digital business services, product engineering services, and infrastructure management and security services.

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