Latent View Analytics IPO Subscribed 6.39 Times On Day 1

Latent View Analytics Ltd., a data analytics company, launched its three-day initial public offering on Wednesday, joining a myriad of companies in their race to list on the bourses in a boom year for maiden offers.

The retail portion of the offer fully subscribed within minutes of opening.

The Rs 600-crore IPO comprises a fresh issue and an offer-for-sale by promoter and other investors, according to its red herring prospectus.

The company will sell shares at Rs 190-197 apiece, pegging the at Rs 3,896.3 crore at the upper end of the price band. The IPO constitutes 21% of the post-issue equity. The promoters will continue to hold 68.1% after the sale.

Subscription Details: Day 1

The IPO was subscribed 6.39 times as of 5 p.m. on Nov. 10.

• Institutional investors: 0.15 times.

• Non-institutional investors: 2.42 times.

• Retail investors: 31.62 times.

• Employees: 1.24 times.

Research Reports on Latent View Analytics IPO:

• Niche Presence With Robust Opportunity: Reliance Securities

• Play On Growing Adoption Of Data, Analytics: ICICI Direct

• Valuations, Key Strengths, Risks, Strategies: Anand Rathi

Watch BloombergQuint's IPO Adda with Latent View Analytics' Rajan Sethuraman & Rajan Venkatesan: