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Latent View Analytics IPO: Open date; price band set at Rs 190-197/share, Grey Market Premium

The three-day initial public offering (IPO) will conclude on November 12. The bidding for anchor investors will open on November 9, the company announced in a virtual press conference.

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Latent View Analytics on Wednesday said it has fixed a price band of Rs 190-197 a share for its Rs 600-crore initial share-sale that opens for public subscription on November 10.

The three-day initial public offering (IPO) will conclude on November 12. The bidding for anchor investors will open on November 9, the company announced in a virtual press conference.

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

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

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 and 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, the Netherlands, Germany, the United Kingdom and Singapore, and its sales offices in San Jose, London and Singapore.

Latent View Analytics IPO Date & Price Band

 IPO Open:  10 November 2021
 IPO Close:  12 November 2021
 IPO Size:  Approx ₹600 Crores
 Fresh Issue:  Approx ₹474 Crores
 Offer for Sale:  Approx ₹126 Crores
 Face Value:  ₹1 Per Equity Share
 Price Band:  ₹190 to ₹197 Per Share
 Listing on:  BSE & NSE
 Retail Quota:  10%
 QIB Quota:  75%
 NII Quota:  15%
 Discount:  N/A
 DRHP Draft Prospectus:  Click Here
 RHP Draft Prospectus:  Click Here

Latent View Analytics IPO Market Lot

 Minimum Lot Size:  Minimum 76 Shares for 1 lot
 Minimum Amount:  ₹14,972 for 1 lot
 Maximum Lot Size:  Maximum 988 Shares for 13 lot
 Maximum Amount:  ₹194,636 for 13 lot

Latent View Analytics IPO Date, Time Table, Allotment & Listing

 Price Band Announcement:  02 November 2021
 Anchor Investors Allotment:  08 November 2021
 IPO Open Date:  09 October 2021
 IPO Close Date:  11 November 2021
 Basis of Allotment:  16 November 2021
 Refunds:  17 November 2021
 Credit to Demat Account:  18 November 2021
 IPO Listing Date:  22 November 2021

Latent View Analytics IPO GMP aka Grey Market Premium FAQs:

What is Latent View Analytics IPO GMP Today?

Latent View Analytics IPO GMP is ₹- as on today.
What is Latent View Analytics IPO Kostak Rate Today?

Latent View Analytics IPO Kostak Rate is ₹- as on today.

What is Latent View Analytics IPO Subject to Sauda Today?

Latent View Analytics IPO Subject to Sauda is ₹- as on today.

What is Latent View Analytics IPO Expected Returns?

Latent View Analytics IPO Expected Returns is -% .

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