Happiest Minds IPO sees strong response, subscribed over 150 times

Mumbai: In a major boost to the primary equity market public issues of
Happiest Minds Technologies and Route Mobile received huge interest
from all categories of investors including the retail investors and
both public issues have been fully subscribed.

Happiest Minds Rs 702 crore initial public offering (IPO) has been
subscribed 150.98 times on the last day of bidding as per subscription
data updated by the stock exchanges.

Leading brokerages had given a subscribe and subscribe for long term
call for Happiest Minds public offer leading to a huge rush from the
retail investors category.

As per the latest data provided by the managers of the issue Happiest
Minds received over 22 lakh applications. Retail individual category
portion was subscribed 70.94 times while high networth investors
category was subscribed 351.46 times and institutional category was
subscribed 77.43 times.

Route Mobile’s Rs 600 crore IPO has been fully subscribed on the very
first day of bids opening, as per the subscription data updated by the
stock exchanges.