Happiest Minds Technologies IPO GMP History
Happiest Minds Technologies IPO has been listed on September 17, 2020 at a listing price of ₹350, against the issue price of ₹166 — a gain of ₹184 (+110.84%). The GMP peaked at ₹155 on 9 September 2020 and reached a low of ₹107.5 on 7 September 2020. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Happiest Minds Technologies IPO raised ₹702.02 Cr. through its IPO at a price band of ₹165 to ₹166 per share, with a lot size of 90 shares. The IPO was open for subscription from 07 Sep 2020 to 09 Sep 2020.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 11 Nov, 6:58 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 16 Sep 2020 | ₹ 147.5 | ▲ | 89% | — | — |
| 15 Sep 2020 | ₹ 137.5 | ▲ | 83% | — | — |
| 14 Sep 2020 | ₹ 127.5 | ▲ | 77% | — | — |
| 13 Sep 2020 | ₹ 117.5 | — | 71% | — | — |
| 12 Sep 2020 | ₹ 117.5 | — | 71% | — | — |
| 11 Sep 2020 | ₹ 117.5 | — | 71% | — | — |
| 10 Sep 2020 | ₹ 117.5 | ▼ | 71% | — | — |
| 09 Sep 2020 | ₹ 155 | ▲ | 93% | — | — |
| 08 Sep 2020 | ₹ 122.5 | ▲ | 74% | — | — |
| 07 Sep 2020 | ₹ 107.5 | ▼ | 65% | — | — |
| 06 Sep 2020 | ₹ 109.5 | — | 66% | — | — |
| 05 Sep 2020 | ₹ 109.5 | ▼ | 66% | — | — |
| 04 Sep 2020 | ₹ 117.5 | — | 71% | — | — |
| 03 Sep 2020 | ₹ 117.5 | — | 71% | — | — |
| 02 Sep 2020 | ₹ 117.5 | — | 71% | — | — |
| 01 Sep 2020 | ₹ 117.5 | ▼ | 71% | — | — |
| 31 Aug 2020 | ₹ 127.5 | ▲ | 77% | — | — |
| 30 Aug 2020 | ₹ 117.5 | — | 71% | — | — |
| 29 Aug 2020 | ₹ 117.5 | — | 71% | — | — |
| 28 Aug 2020 | ₹ 117.5 | — | 71% | — | — |
Happiest Minds Technologies IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 07 Sep 2020
- Close 09 Sep 2020
- Allotment 14 Sep 2020
- Refund/credit 15 Sep 2020
- Listing 17 Sep 2020
Happiest Minds Technologies IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹166 |
|---|---|
| GMP-based estimate (pre-listing) | ₹313 (+88.6%) |
| Listing gain / loss | +₹184 per share |
| Listing date | 17 Sep, 2020 |
| Actual listing price | ₹350 (+110.84%) |
Is Happiest Minds Technologies IPO GMP reliable?
Grey market premium for Happiest Minds Technologies IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Happiest Minds Technologies IPO full review for a fundamentals-based assessment before making any grey market trades.
Happiest Minds Technologies IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Happiest Minds Technologies IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Happiest Minds Technologies IPO
Happiest Minds Technologies Limited was incorporated as Happiestminds Technologies Private Limited on 30 March 2011. Its promoter is Ashok Soota.
Positioned as "Born Digital. Born Agile", it offers digital transformation, product engineering, infrastructure management and security services. Its work spans robotic process automation, big data and analytics, IoT, cloud and security.
As of 30 June 2020 it had 148 active customers. In FY2020, 96.9% of its revenue came from digital services.
The IPO was Rs 702.02 crore, with Rs 110.00 crore of fresh issue and Rs 592.02 crore of offer for sale by Ashok Soota and CMDB II. The fresh money was mainly planned for long term working capital.
Frequently asked
What is the GMP of Happiest Minds Technologies IPO?
The current Grey Market Premium (GMP) of Happiest Minds Technologies IPO is ₹ 147.5.
What is the Kostak Price of Happiest Minds Technologies IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Happiest Minds Technologies IPO is not available.
What is the Subject to Sauda Price of Happiest Minds Technologies IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Happiest Minds Technologies IPO?
Happiest Minds Technologies IPO listed on September 17, 2020 at ₹350, against the issue price of ₹166 — a gain of +110.84%.
How did the GMP of Happiest Minds Technologies IPO trend before listing?
The GMP of Happiest Minds Technologies IPO was rising in its final days before listing. The GMP peaked at ₹155 on 9 September 2020. View the day-wise table above for the complete GMP history.
Explore Happiest Minds Technologies IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
