The IPO of Happiest minds has got phenomenal success and this stock can be on your radar post listing and the reasons are enumerated below:
Started : 2011 ( with 9 co-founders)
Funded: $45 mil in 2011 itself
Revenue : Rs 714 Cr (FY 2020)
Profit : Rs 72 cr ( FY 2020)
Employees : 2400
Offices : Bangalore, Noida and Pune in India, US, UK, Singapore and Australia.
Customers : 170
IPO : 7-9 Sept 2020. The issue price band has been fixed at Rs 165-166 per share.
It is daring to go for IPO in Covid-19 and it was oversubscribed 150 times.
ESOPS: given to all 800 employees in 2013 and in Jan 2020, anyone not given ESOPs was given ESOPs. If one invested Rs 1.2 lak for 60K shares in 2013, he would be Karodpati today!
We call it crowd, if there are more than 3-4 co-founders. With Nine co-founders, they must have been a solid rock walls!
Amazing. Hats off to Ashok Soota and his team.
Congrats to entire Happiest Minds Team.
PS: Ashok Soota ji started Happiest minds at 69.
What is your age ?
When you are going to have your 'happiest mind'?.... ....
Come on Let's Grow Together...
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