Great listing of Happiest Minds Tech, List at Rs 351 against Rs 166, investors’ money double shares of happy

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

Great listing, investors have double money in a week- The brilliant listing of Hapiest Minds has blossomed the faces of investors. Investors’ money has doubled in a week. Suppose if an investor had invested money in the IPO and he gets 100 shares. Their price (166 (shares issue price) X100 (total share) is Rs 16,600. At the same time, now after the listing, the share price has increased to Rs 351. In this sense, investment of Rs 16,600 has increased to Rs 35,100.

Now what to do investors- Experts say that in terms of valuations, it will become expensive. But, be positive. Not only money is to be made in this IPO. There will be good opportunities in the coming days. Many companies are in IPO race. Short term investors should put a stoploss of ₹ 250 and leave. Keep trailing your stoploss continuously. At the same time, remain a long term investor.

Know about the share listing of Happy Minds Technologies

The issue was subscribed to 151 times IT services company Happiest Minds of Rs 700 crore got 151 times bids. This IPO bid for 351 crore shares, while only 2.33 crore shares were offered. This happened because people played claim on the credibility of founder Ashok Suta. Investors have full faith in Ashok Suta.

What does the company do-According to the Happy Mind, 97 percent of its revenue comes from digital business, which is much higher than many companies like Infosys, Mindtree and Cognizant. These companies have average digital revenue 40-50 percent. It offers Digital Business Services, Product Engineering Services and Infrastructure Management and Security Services.