Happiest Minds IPO : Subscribe or NOT?

The data has been compiled from various sources and might have small difference but overall theme is to subscribe or not — we will focus on that

Happiest minds– approx 9 Yr old company in IT digital services with cloud infrastructure, SaaS, cyber security

Key Service domains – Product engineering services ( approx 50% of revenues), Infrastructure management and security services ( approx 20% revenues), digital business solutions (approx 26%)

Customers — Software development services for independent vendors like Amazon web services, Intel, IBM, Microsoft, Salesforce

Revenues from Key regions — 77% from US, 12% from India, 11% from UK approximately

Revenues from industry — Edutech, hitech and BFSI approx 50% of revenues

Risks

Promoter have 29% shares pledged as of now

Company wrote of accumulated losses last year

Case for discriminatory employment

Future

May gain from WFH culture in coming years

May gain from cloud related digital services and cyber security services

Valuations – Lower than Mindtree and NIIT,

Should we apply

If you already have something related to digital IT services in your portfolio, you can avoid.

High chances of over subscription and less allotment

Possible gains on Listing day can be seen but caution is advised to book profits if any

Long term growth seems reasonable

Last one Rossari biotech IPO with prediction of 20% gains and good to hold for long term –It came out with flying colors

https://alpha-affairs.com/2020/07/12/rossary-biotech-ipo-quick-analysis/

Posted by

#Marathoner#Investor #Cyclist #Foodie#Traveler #Helping people in finances to fitness

7 thoughts on “Happiest Minds IPO : Subscribe or NOT?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s