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Happiest Minds Share Price: Happiest Minds makes a stellar stock market debut, settles 123.5% above the issue price

Happiest Minds Share Price Today: Over 5.20 crore shares of Happiest Minds were traded on the NSE during the day, while over 1.09 crore shares exchanged hands on the BSE, data from the respective stock exchanges showed.

By: Express Web Desk | New Delhi | Updated: September 17, 2020 5:46:14 pm
Image source: Twitter/HappiestMinds

Happiest Minds Share Price Today: The shares of Happiest Minds Technologies, made a stellar stock market debut on Thursday, getting listed at Rs 351.00 per share on the BSE, up 111.45 per cent from its offer price of Rs 166.00 apiece.

On the National Stock Exchange (NSE), the Happiest Minds stock was listed at Rs 350.00 apiece, up 110.84 per cent from the issue price.

The stock eventually settled at Rs 371.00 apiece on both BSE and NSE, registering a whopping 123.49 per cent jump from the issue price. During the day, the stock hit a high of Rs 394.95 on NSE and Rs 395.00 on the BSE, while on the lower side, it hit a low of Rs 350.00 on the NSE and Rs 351.00 on the BSE.

Over 5.20 crore shares of Happiest Minds were traded on the NSE during the day, while over 1.09 crore shares exchanged hands on the BSE, data from the respective stock exchanges showed.

The Rs 702-crore IPO of Happiest Minds was subscribed a whopping 150.98 times during the offer period till September 9, 2020. The price range for the Happiest Minds IPO was fixed at Rs 165-166 per share.

The IPO was subscribed 351.46 times by Non Institutional Investors and 77.43 times by Qualified Institutional Buyers(QIBs) during September 7-9. Retail Individual Investors(RIIs) also garnered 70.94 times subscription.

Happiest Minds is a Bengaluru-based IT services company led by veteran entrepreneur Ashok Soota.

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