Retail investors led the bidding for shares of Latent View Analytics Ltd. on the second day of its initial public offering.
The retail portion of the offer had fully subscribed within minutes of opening on Wednesday. The IPO ended day one with 6.39 times subscription.
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 is 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 2
The IPO was subscribed 23.22 times as of 5 p.m. on Nov. 11.
Institutional investors: 3.51 times.
Non-institutional investors: 33.29 times.
Retail investors: 69.56 times.
Employees: 2.61 times.
Research Reports on Latent View Analytics IPO:
Watch BloombergQuint's IPO Adda with Latent View Analytics' Rajan Sethuraman & Rajan Venkatesan:
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