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Happiest Minds IPO – Happiness guaranteed for investors?

It might be a wise idea to pocket the gains on listing of Happiest Minds and wait on the sidelines for a better re-entry opportunity

September 07, 2020 / 02:58 PM IST
Happiest Minds IPO – Happiness guaranteed for investors?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Largely offer for sale with equity dilution of 4.7 percent - Offers predominantly digital services having huge growth potential - Margin springs a surprise in Q1 FY21, part of the gains might sustain - Inconsistent past performance and key man risk of Ashok Soota - Valuation at a discount to global peers of superior execution - Significant listing gains should be booked, re-enter on market correction The initial public offer of Happiest Minds Technologies Ltd (Happiest Minds) couldn’t have been better timed, with spending on technology...

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