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This article is more than 2 month old.

Latent View Analytics IPO subscribed 327 times on final day

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Latent View Analytics shares were available for bidding under its IPO in the price band of Rs 190-197 in multiples of 76.

Latent View Analytics IPO subscribed 327 times on final day
Latent View Analytics' initial public offer (IPO) worth Rs 600 crore received a robust response from investors, with a subscription of 326.5 times on Friday, the final day of the bidding process. The initial share sale of the Chennai-based data analytics company opened for subscription on November 10 and closed on November 12.
The IPO saw an overall subscription of 326.5 times the shares on offer.
The portion reserved for non-institutional investors -- or high net worth individuals -- was booked 850.7 times, and that for qualified institutional buyers (QIBs) 145.5 times. The quota reserved for retail investors was subscribed 119.4 times, and that for employees 3.9 times.
Up to 75 percent of the IPO was reserved for QIBs, 15 percent for non-institutional investors, and 10 percent for retail investors.
The Rs 600-crore IPO comprised fresh issuance of shares worth Rs 474 crore and an offer for sale (OFS) of shares worth Rs 126 crore by existing shareholders.

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Bids could be placed for the shares in the price band of Rs 190-197, in multiples of 76. At the upper end of the price band, one lot cost investors Rs 14,972.
Prior to the IPO, Latent View Analytics raised Rs 267 crore from 34 anchor investors at Rs 197.
Latent View Analytics provides services ranging from data and analytics consulting to business analytics and insights, advanced predictive analytics, data engineering and digital solutions.
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