The company's board authorized and declared the opening of the issue on Tuesday, 11 July 2023.

The floor price of Rs 972.16 is at a discount of 0.96% to the previous day's closing price of Rs 981.55 on the BSE.

The company may offer a discount of not more than 5% on the floor price for the issue.

The issue price will be determined by the company in consultation with the book running lead managers appointed for the issue.

Happiest Minds Technologies is a next-generation digital transformation, infrastructure, security and product engineering services company.

The IT solutions provider's consolidated net profit rose marginally to Rs 57.66 crore in Q4 FY23 from Rs 57.58 crore recorded in Q3 FY23. Revenue from operations grew by 3.03% to Rs 377.98 crore in Q4 FY23 over Q3 FY23.

Shares of Happiest Minds Technologies declined 1.27% to Rs 981.55 on the BSE.