Latent View Is India's Most Subscribed IPO So Far In 2021
Latent View Analytics Ltd.'s initial public offering witnessed the most subscription so far this year.
The IPO received 326.5 times more demand than the shares on offer on the final day. That exceeded Paras Defence's 304.3 times bid.
The retail portion of the offer had fully subscribed within minutes of opening on Wednesday. The IPO ended day one and two with 6.39 times and 23.2 times subscription, respectively.
The Rs 600-crore IPO comprised a fresh issue and an offer-for-sale by promoter and other investors, according to its red herring prospectus. The company was selling shares at Rs 190-197 apiece, pegging the value 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 3
The IPO was subscribed 326.49 times as of 5 p.m. on Nov. 12.
Institutional investors: 145.48 times.
Non-institutional investors: 850.66 times.
Retail investors: 115.80 times.
Employees: 3.87 times.
Research Reports on Latent View Analytics IPO:
Watch BloombergQuint's IPO Adda with Latent View Analytics' Rajan Sethuraman & Rajan Venkatesan: