Top 3 most oversubscribed IPOs in Indian Capital markets—Details here

The Rs 600-crore Latent View Analytics IPO on Friday became the highest subscribed IPO ever in the history of the Indian capital markets. It surpassed Paras Defence and Space Technologies Limited IPO to become the India's highest bid after offer ever. In late September 2021, Paras Defence and Space Technologies Limited IPO had emerged as the most subscribed IPO after it piped Salasar Techno.  

The analytics services provider public offering saw issue being subscribed 326.47 times. Against issue size of 1,75,25,703 shares, bids were made for whooping 5,72,14,30,100 shares.  

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Latent View Analytics IPO is the highest subscribed IPO so far in India; issue booked 326 times

The Non-Institutional Investors (NIIs) topped the bidding with 850.66 times subscription as they bid for 3,98,46,85,168 shares as against quota of 46,84,210 shares for this category.  

The Qualified Institutional Buyers (QIBs) and the Retail Individual Investors (RIIs) portions saw 145.48 and 119.44-times subscription, respectively.  

Paras Defence IPO creates history! Massive retail push makes it most oversubscribed IPO ever; here's why 

Earlier in September 2021, the Rs 170-crore Paras Defence and Space Technologies IPO was subscribed 304.26 times. The offer received bids for 217.26 crore shares against the 71.41 lakh shares on offer, making it the most subscribed domestic IPO back then. The Paras Defence and Space Technologies IPO has replaced Salasar Techno's issue, which was booked in 273.05 times in 2017.  

Other IPOs to make it to the list of public offerings with maximum subscription are Apollo Micro Systems (248.5 times). Astron Paper & Board Mill (241.8 times), Mrs. Bectors (198 times), Capacite Infraprojects (183 times), Ujjivan Small Finance Bank (165.7 times) and Amber Enterprises (165.4 times).

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.