Happiest Minds Technologies Ltd is coming up with an IPO with a price band of Rs 165-166 per share with a lot size of 90 shares. The company plans to raise Rs 110 crore (fresh issue) + Rs 592 crore (offer for sale of existing shares) totaling to Rs 702 crore. It intends to spend the amount towards fulfilling working capital requirements of about Rs 101 crore and for other general purposes. Check out an exclusive analysis by our Research Analyst Mr. Anurag Lodha in he has shared his opinion on whether investors should subscribe or avoid this IPO.
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