Ajcon Global's IPO report on Happiest Minds Technologies
Positioned as “Born Digital. Born Agile”, the Company focuses on delivering a seamless digital experience to its customers. The Company's is promoted by very experienced professional Mr. Ashok Soota. Prior to founding Happiest Minds, Mr. Ashok Soota was the founding Chairman and Managing Director of MindTree which was acquired by L&T Group. He was also the vice chairman of Wipro and senior vice president of Shriram Refrigeration Industries prior to co‐ founding MindTree.
Valuation and Outlook
The international peers which have a similar businesses model are trading at a P/E valuation of around 65x. With due consideration to above factors we recommend "Subscribe the issue for listing gains".
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