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· Price band fixed at Rs 165 to Rs 166 per equity share

· Offer to remain open from 7th to 9th September 2020

Bengaluru, NFAPost: Happiest Minds Technologies Limited, positioned as ‘Born Digital. Born Agile’, operating in the information technology industry and focusing on delivering a seamless digital experience to its customers, , will open the initial public offer of its equity shares (“Equity Shares” and such initial public offer, the “Offer”) on 7th September 2020.

The Offer will close on 9th September 2020. The price band of the Offer has been fixed at Rs 165 to Rs 166 per Equity Share. The Offer comprises of fresh issue of Rs 110 Crore (“Fresh Issue”) and an offer for sale aggregating upto 35,663,585 Equity Shares (“Offer for Sale”), which includes 8,414,223 Equity Shares by Ashok Soota (the “Promoter Selling Shareholder”) and 27,249,362 Equity Shares by CMDB II (the “Investor Selling Shareholder,” together with the Promoter Selling Shareholder, the “Selling Shareholders”).

Bids can be made for a minimum of 90 Equity Shares and in multiples of 90 Equity Shares thereafter. The face value of the Equity Shares is Rs 2 each.

The Equity Shares offered in this Offer are proposed to be listed at both BSE Limited and the National Stock Exchange of India Limited (“NSE”) post the listing. For the purpose of the offer, NSE is the designated stock exchange.

ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited are the book running lead managers to the Offer (“BRLMs”). KFin Technologies Private Limited is the registrar to the Offer.

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