Happiest Minds IPO: kfintech.com crashes as investors rush to check subscription status

kfintech.com, the online portal of KFin Technologies Private Limited, crashed on September 15 morning as people rushed to check their share allotment status for Happiest Minds IPO.

The issue has since been resolved and investors can check their allotment status here.

KFin Technologies Private Limited is the registrar of the Happiest Minds IPO.

"A sudden rapid surge in visitor traffic to ris.kfintech.com impacted site performance and for a brief period investors faced difficulties in checking the allotment status. The service had been restored to normalcy in a very short period of time and investors can check their allotment status now," said the company's spokesperson.

Also Read: Here's how to check Happiest Minds IPO allotment status

People took to Twitter to slam the website for its "clunky" interface with some even suggesting that the Happiest Minds should offer its service to the investor servicing company.

Rather ironical that @HappiestMinds signed up @KFintech2019 for its #HappiestMindsTechnologies #IPO with a poor digital interface and a clunky website.

— Karan (@karanpathk) September 15, 2020

Happiest Minds IPO will make lot of people Happy or Unhappy today. #HappiestMinds #IPO #Nifty #Sensex #Listing

Story continues below Advertisement

Remove Ad

— mahesh modani p (@maheshmodani) September 15, 2020

So, post listing of #happiestminds shares on index, their first client should be #Karvy Fintech and improve their interface.

— Deepan Datta (@datta_deepan) September 15, 2020

What a 3rd Rate Tech Company from India - KFinTech from Karvy

Can't have their website up & running #fintech pic.twitter.com/Nd2V8qOwaM

— FreePress (@freepress_in) September 15, 2020

The stock of Happiest Minds Technologies is expected to debut on bourses on September 17 after receiving an overwhelming response from investors for its initial public offering.

The Rs 702-crore public issue was subscribed 150.98 times, making it the eighth biggest IPO of the last decade.

The IPO of the Mumbai-headquartered digital IT services provider was subscribed 351.5 times by non-institutional investors and 77.4 times by Qualified Institutional Buyers (QIB) during September 7-9. Retail demand for the issue was strong as well, garnering 70.94 times subscription.

Listen | IPO done, now's the tougher part for Happiest Minds