Moneycontrol PRO
UPCOMING EVENT:Are you 45+? Planning for retirement? We have just the right webinar for you - Planning for Retirement with Life Insurance on 27-Jan, 3pm. Register now!

Subscribe to Happiest Minds Technologies: HEM Securities

HEM Securities Positioned as “Born Digital. Born Agile”, company focus on delivering a seamless digital experience to its customers.

September 07, 2020 / 02:39 PM IST

HEM Securities IPO report on Happiest Minds Technologies

Positioned as “Born Digital. Born Agile”, company focus on delivering a seamless digital experience to its customers. Company’s offerings include, among others, digital business, product engineering, infrastructure management and security services. Company’s capabilities provide end-to-end solution in the digital space. Company have developed a customer-centric focus that aims to fulfil their immediate business requirements and to provide them strategically viable, futuristic and transformative digital solutions. In Fiscal 2020, 96.9% of company’s revenues came from digital services which is one of the highest among Indian IT companies. According to Frost & Sullivan Report legacy IT market as a percentage of total technology spend is estimated to decline from 85.7% share in 2019 to 65% share by 2025, with digital spend making up the remaining 35% share by then.

Valuation and Outlook

Company is bringing the issue at p/e multiple of approx 12x at higher end of price band of Rs 165-166/share on post issue annualized Q1FY21 eps basis. . Company has shown strong growth in its financials in last couple of years. Company is strong brand in digital IT services with growing high revenue generating customer accounts with a high proportion of repeat revenues and revenues from mature markets .We like the scalable business model of company which has multiple drivers of steady growth with experienced leadership focused on sound corporate governance practices. Therefore, looking after all, we recommend “Subscribe” the issue both for short & long term horizon.

For all IPO stories, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
ISO 27001 - BSI Assurance Mark