Happiest Minds is looking to raise Rs 110 crore in fresh capital through the IPO
Digital IT services company, promoted by former MindTree chairman, works in cloud services, SaaS, analytics.
The net proceeds of the offer will be utilised to meet the long term working capital requirement of the company.
Sturdy profitable growth potential led by 97% digital revenue share justifies valuation
The IT industry veteran said that physical offices would not become a thing of the past despite emergence of 'work from home' and gig-based working models
The management said the fundraising will be used to meet immediate working capital requirements while the cash balance in the balance sheet will be kept aside for strategic initiatives
Happiest Minds, which becomes the first player to file a share sale document since March, will list its shares in both NSE and BSE post the offer
Says it will help step up game in North America, with local company presence
The company hopes to double revenue to $150 million in the next three years