Latent View Analytics IPO: The initial public offering of Latent View Analytics had raised Rs 267 crore from anchor investors. The company's Rs 600-crore initial public offering (IPO) received bids for 2.62 crore equity shares, against an IPO size of 1.75 crore shares, a subscription of 1.5 times till 10.54 am, data with NSE showed.

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Latent View Analytics IPO Shares Allotment Date: Expected to be done on 17th Nov

Here is direct BSE link and step by step guide to know Latent View Analytics IPO Shares Allotment status online:-

Step 1- Login at BSE link — bseindia.com/investors/appli_check.aspx
 
Step 2- Select Latent View Analytics IPO
 
Step 3- Enter your Latent View Analytics IPO application number
 
Step 4- Enter your PAN card details
 
Step 5 - Click at 'I'm not a robot'
 
Step 6 - Click at 'Submit' button
 
You will get to know the Latent View Analytics IPO allotment status of your application

Latent View Analytics IPO

-The issue, with a price band of Rs 190-197 a share, opens for public subscription on November 10, and will conclude on November 12.

- Earlier, the company decided to allocate a total of 13,553,898 equity shares to 34 anchor investors at Rs 197 apiece, amounting to a transaction size of Rs 267 crore.

- Abu Dhabi Investment Authority, Ashoka India Equity Investment Trust Plc, Axis Mutual Fund (MF), ICICI Prudential MF, Aditya Birla Sun Life MF, Edelweiss MF, SBI Life Insurance Company and Bajaj Allianz Life Insurance Company are among the anchor investors, according to a circular uploaded on BSE website.

- The IPO comprises fresh issue of equity shares worth Rs 474 crore and an offer-for-sale of equity shares to the tune of Rs 126 crore by a promoter and some existing shareholders.

- As a part of the offer-for-sale, promoter Adugudi Viswanathan Venkatraman will offload shares worth Rs 60.14 crore, shareholder Ramesh Hariharan will sell Rs 35 crore shares and Gopinath Koteeswaran will offload Rs 23.52 crore shares among others.

-At present Venkatraman owns 69.63 per cent stake in the company, Koteeswaran holds 7.74 per cent stake and Hariharan has 9.67 per cent holding in the firm.

-Proceeds from the fresh issue will be used for funding inorganic growth initiatives, working capital requirements of the subsidiary LatentView Analytics Corporation, and investment in subsidiaries to augment their capital base for future growth and general corporate purposes.

-The company said that up to 75 per cent of the issue has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.

Latent View Analytics

-The company provides services ranging from data and analytics consulting to business analytics and insights, advanced predictive analytics, data engineering and digital solutions.

-It engages and provides services to blue chip companies in technology, BFSI, CPG & retail, industrials and other industries, and have worked with over 30 Fortune 500 companies in the last three fiscals.

-The company serves clients across countries in the United States, Europe, and Asia through its subsidiaries in the United States, Netherlands, Germany, United Kingdom and Singapore, and its sales offices in San Jose, London and Singapore.

-Axis Capital, ICICI Securities and Haitong Securities India are the book running lead managers to the issue.