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Latent View’s IPO sees record 339x subscription


MUMBAI: The Rs 600-crore initial public offering (IPO) for , a data and analytics consulting company, was subscribed 339 times, making it the most subscribed IPO ever in India. The previous best was 304 times subscription for Paras Defence’s IPO, which was listed on October 1. The institutional part of Latent View’s IPO was subscribed 151 times, while the portion reserved for high net worth investors (HNIs) was subscribed 882 times and the retail part 124 times, BSE data showed. Employee part was subscribed four times, it showed. In the anchor round, the Chennai-based company had raised Rs 267 crore. The shares were offered in the Rs 190-197-per-share range. At the post-anchor IPO size of Rs 332 crore, Latent View’s 339 times subscription means that the total demand for its shares was worth about Rs 1.13 lakh crore. Axis Capital, Haitong Securities India and ICICI Securities managed the offering. In terms of subscription figures, the numbers for Latent View and Parag Defence are followed by Salasar Technologies with 273 times subscription, Apollo Micro Systems with 249 times subscription and Astron Paper with 242 times subscription, data from merchant bankers showed. During the day, Fino Payments Bank, one of the pioneering micro-finance institutions that transformed into a payments bank, was listed at Rs 548, a 5% discount to its offer price of Rs 577 per share. Late in the evening, Tarsons Products, a company engaged in production of materials used in laboratories, said that it had allocated shares worth Rs 306 crore to a clutch of anchor investors ahead of its IPO. The offer will remain open between November 15 and 17.


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