Latent View Analytics IPO Subscription Status Day 1: Issue subscribed over 6 times, retail portion booked 31.6 times

5.00 pm: IPO of analytics services provider witnessed strong response from investors as the issue was sobscribed over 6 times. Overall subscription stood at 6.39 times, Retail Individual Investors(RIIs) subscribed the issue 31.62 times, NIIs 2.42 times and QIBs 0.15 times. eployess quota was also full subscribed at 1.22 times at the end of Day 1.  

4.45 pm: The IPO was overall subscrbed 6,6 times, while reatil portion 31.13 times and NIIs category 2.42 times.

3.25 pm: Latent View Analytics IPO was subscribed 5.01 times so far, while RIIs booked the issue 25 times, Non Institutional Investors portion was also booked 1.60 times on Day 1.

2:15 pm Latent View Analytics IPO has been putting up a good show on Day 1 - Overall bidding at 3.97 times, retail portion subscribed 20.59 times so far.

12: 35 pm: Overall subscription stands at 3.01 times, while retail investors subscribed the issue 15.95 time during this period. 

Latent View Analytics IPO was oversubscribed within hour of opening on the debut day on Wednesday. The three-day IPO, which opened today and will close on November 12, 2021, was subscribed 2.08 times around 11.40 am. The IPO saw bidding being made for 3,63,69,040 shares as against reserved quota of 1,75,25,703.  

The retail investors were seen enthusiastically applying for this IPO. Retail Individual Investors (RIIs) booked the issue whooping 11.19 times around the same time. The category saw bids being made for 3,49,47,840 shares against reserved 31,22,806 shares for RIIs.
Non-Institutional Investors (NIIs) subscribed the issue 0.27 times

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Zee Business Managing Editor Anil Singhvi has recommended this issue for big listing gains and with long term vision in this IPO.

"Good track record of promoters with no litigations, new age business with a strong growth outlook and strong financial and profitability works well for this IPO," the market Guru had said.

Earlier, the company has fixed a price band of Rs 190-197 per share for this IPO. This will be Rs 600-crore initial share-sale. The IPO comprises fresh issue of equity shares worth Rs 474 crore. An offer of sale of equity shares to the tune of Rs 126 crore by a promoter and existing shareholders. 

Talking about negatives of this company, Anil Singhvi said, it is a small size company with only Rs 300 Crore revenue and Rs 4,000 crore market-cap.

Latent View Analytics IPO Timeline

Application start date: November 10, 2021
Application close date: November 12, 2021
Allotment start date:  November 17, 2021
Refund initiation date: November 18, 2021
Allotment finalisation date: November 22, 2021
IPO listing date: November 23, 2021

Dates as per Upstox

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

About Company  
Latent View Analytics provides analytics services such as data and analytics consulting, business analytics and insights, advanced predictive analytics, data engineering, and digital solutions. The company caters to blue-chip companies in technology, banking, financial services and insurance (BFSI), consumer packaged goods (CPG) companies and retail, industrials, and other industry domains.