New Delhi. Latent View Analytics’ public data distribution company (Latent View Analytics IPO) received 1.5x more bids on the first day. This IPO has received a positive response from retailers. At the same time, the company had already raised Rs 267 crore from Anchor Investors. Businesses are entitled to 2.62 crore shares versus 1.75 crore shares issued in the Rs 600 crore IPO company. The company had received 1.5 multipliers by 10.54 am. Under the IPO, the value proposition is maintained at Rs 190-197.
Latent View Analytics on 9 November 2021 decided to distribute 1,35,53,898 shares of Rs 197 each to depositors 34, which is equivalent to a sale of Rs 267 crore. Anchor sellers include Abu Dhabi Investment Authority, Ashoka India Equity Investment Trust Plc, Axis Mutual Fund, ICICI Prudential MF, Aditya Birla Sun Life MF, Edelweiss MF, SBI Life Insurance Company and Bajaj Allianz Life Insurance.
Advertisers should sell shares of Rs 60 crore under OFS
New shares of Rs 474 crore have been allocated in the IPO. At the same time, there are sales (OFS) units worth Rs 126 crore from advertisers and other stakeholders. Advertiser Adugudi Viswanathan Venkataraman has sold Rs 60.14 crore for the sale price. Meanwhile, the owners of Ramesh Hariharan will sell shares of Rs 35 crore and Gopinath Koteswaran Rs 23,52 crore. Venkataraman owns 69.63 percent of the company. Koteswaran is 7.74 percent and Hariharan is 9.67 percent.
Whose money is it?
Latent View Analytics IPO closes on November 12, 2021. The proceeds from the company’s IPO will be used to meet the needs of a smaller company, Latent View Analytics Corporation, among others. The company reported that 75 percent of IPOs are reserved for corporate clients, 15 percent of non-corporate investors (NIIs) and 10 percent of commercial investors.
Approximately 25 times it is delivered from retailers
The IPO received a maximum of 4.96 to 3.15 pm on the first day of opening. Advertisers developed a love for this IPO. According to Bombay Stock Exchange data (BSE Data), the company’s IPO was registered at 24.91 so far against the segment reserved for retail traders. At the same time, the share of non-corporate investors was recorded 1.62 times. However, the proportion of eligible buyers was registered 0.15 times.