Shares of Latent View Analytics today made a strong debut on exchanges, surging to ₹531 in early trade as compared to issue price of ₹197. The IPO of Latent View Analytics Limited was the most successful ever IPO in terms of number of times subscribed.
The issue had received overwhelming response from all categories of investors and got subscribed a whopping 326 times.
The retail individual investors (RIIs) segment was subscribed nearly 120 times while the category for non-institutional investors was subscribed a massive 850.66 times while the portion for Qualified Institutional Buyers (QIBs) 145.48 times.
The ₹600 crore Latent View Analytics IPO comprised a fresh issue of up to ₹474 crore and an offer for sale of up to ₹126 crore.
Price range for the offer was fixed at ₹190-197 per share. Ahead of the IPO, Latent View Analytics had raised ₹267 crore from anchor investors.
The company saw a bumper response from the investors where the IPO got subscribed 326 times.