Great listing of Happiest Minds Technologies IPO
IT service provider Happiest Minds Technology’s IPO (Happiest Minds Technologies IPO) has got a great listing. The company’s shares were listed at a premium of 111 per cent, meaning that investors’ money doubled in a week.
- Last Updated:September 17, 2020, 10:53 AM IST
Great listing, investors lost money in a week Investors’ faces have blossomed with the brilliant listing of Happiest Minds. Investors’ money has doubled in a week. Suppose if an investor had invested money in an IPO and got 100 shares. Their price (166 (issue price of share) X100 (total shares)) is Rs 16,600. At the same time, after the listing, the share price has gone up to Rs 351. In this context, an investment of Rs 16,600 has increased to Rs 35,100.
What should investors do now Experts say that it will be expensive in terms of valuations. But, stay positive. Money is not to be made only in this IPO. There will be good opportunities in the coming days. Many companies are in the IPO race. Short-term investors apply a stop loss of ₹ 250 and exit. Keep trailing your stoploss continuously. At the same time, remain a long-term investor.
The issue was subscribed 151 times The Rs 700 crore IPO of Happiest Minds, an IT services company, received 151 times bids. The IPO saw bids for 351 crore shares, while only 2.33 crore shares were offered. This happened because people played a claim on the credibility of founder Ashok Suta. Investors have full faith in Ashok Suta.