New Delhi, Sept. 17 -- Shares of IT services firm Happiest Minds Technologies made a strong debut on exchanges. Happiest Minds shares surged as much as to Rs.395 on BSE as compared to issue price of Rs.166. The Rs.702-crore initial public offering of Happiest Minds Technologies, promoted by Ashok Soota, garnered massive response from investors as it was subscribed a whopping 151 times. The issue had closed for subscription last Wednesday.

ICICI Securities and Nomura Financial Advisory and Securities (India) were the managers for the offer. The price band for the offer was fixed at Rs.165-166 per equity share.

Happiest Minds IPO traded with the symbol of HAPPSTMNDS on exchanges.

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