LatentView Analytics makes a blockbuster debut, lists at 169% premium

Our Bureau Updated - November 23, 2021 at 10:41 AM.

The IPO was subscribed 326.49 times, with all category of investors pouring in money

LatentView Analytics made a stellar debut on the bourses on Tuesday, listing at 169 per cent premium over the issue price of ₹197.00.

The stock listed at ₹530 on the BSE, up ₹333.00 or 169.04 per cent over the issue price.

On the NSE, it listed at ₹512.20, up ₹315.20 or 160.00 per cent over the issue price.

Paytm’s debacle casts doubt over IPOs for Indian start-ups

The Chennai-based LatentView Analytics, which created history by becoming the highest subscribed IPO in terms of number of times, had fixed the price at ₹197.

Latent View Analytics IPO was subscribed 326.49 times, with all category of investors pouring in money.

The ₹600-crore initial public offering of LatentView saw retail category portion getting bids for 119.44 times. Quota for qualified institutional buyer (QIB) category received bids for 145.5 times and the non-institutional category was subscribed 850.66 times. Even the employees portion saw a robust response as the quota was subscribed 3.87 times.

Go Fashion IPO subscribed 135.44 times

The public issue consisted of a fresh issue of equity shares up to ₹474 crore and an OFS of ₹126 crore by existing shareholders and promoters.

Anchor investors

LatentView Analytics had ₹267.01 crore from 34 anchor investors including Aditya Birla Sun Life Trustee, Axis MF, ICICI Prudential, Kotak MF, Nippon Life, Mirae Asset and SBI Life Insurance.

Published on November 23, 2021 04:53