ipo - issues open, latent view analytics

Analytics services provider Latent View Analytics on November 9 garnered Rs 267.01 crore from 34 anchor investors a day before floating its public issue. The offer opens today.

The company, following consultation with merchant bankers, has finalised allocation of 1,35,53,898 equity shares to anchor investors, at a price of Rs 197 per share, the upper price band, as per the BSE filing.

Marquee investors that have put money into Latent View included Abu Dhabi Investment Authority, Ashoka India Opportunities Fund, HSBC, Hornbill Orchid India Fund and Wellington India Opportunities Fund.

Aditya Birla Sun Life Trustee, Axis Mutual Fund, ICICI Prudential, Kotak Mutual Fund, Nippon Life, Mirae Asset, SBI Life Insurance, Bajaj Alliance Life Insurance, DSP MF, Franklin, Motilal Oswal MF, UTI MF, and Edelweiss Trusteeship also invested in the company through anchor book.

Latent View Analytics is the third public issue to open for subscription this week. The price band for the offer, which closes on November 12, has been fixed at Rs 190-197 per share.

The company aims to raise Rs 600 crore through the IPO comprising a fresh issue of Rs 474 crore and an offer-for-sale of Rs 126 crore by selling shareholders.

The net proceeds from the fresh issue will be used in inorganic growth initiatives, working capital requirements of subsidiaries, and investments in subsidiaries.

To Know All IPO Related News, Click Here

TECH NEWS RELATED

Shriram Properties IPO price band set at Rs 113-118 per share

Shriram Properties IPO South India-based real estate development company Shriram Properties has fixed a price band at Rs 113-118 per share for its initial public offering, which will open for subscription on December 8 and close on December 10. Investors can bid for a minimum 125 equity shares and in ...

View more: Shriram Properties IPO price band set at Rs 113-118 per share

Primary market buzzing with activity as 4 IPOs hit the Street next week. Check out all the details

IPOs in December It’s raining IPOs on Dalal Street as four companies—RateGain Travel Technologies, Shriram Properties, CE Info Systems (MapmyIndia) and a Rakesh Jhunjhunwala-backed company Metro Brands—will launch their offers between December 6th and 14th. Moreover, Anand Rathi Wealth, which has been subscribed 3.02 times, will close its IPO ...

View more: Primary market buzzing with activity as 4 IPOs hit the Street next week. Check out all the details

Daily Voice | Star Health may see a weak debut, but insurance industry’s medium-long term growth intact, says Vinod Nair of Geojit

Vinod Nair, Head of Research at Geojit Financial Services believes the market is in an oversold territory, and positive developments could ease caution. “Sentiment around Omicron has improved, and importantly, a hawkish view by US Federal Reserve chairman Jerome Powell during the week did not affect India and emerging markets ...

View more: Daily Voice | Star Health may see a weak debut, but insurance industry’s medium-long term growth intact, says Vinod Nair of Geojit

Tega Industries IPO: Why is it commanding strong grey market premium?​

Tega Industries IPO Tega Industries, which is a leading manufacturer and distributor of specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry had launched its first ever IPO on December 01 which closed on December 03. The IPO, during ...

View more: Tega Industries IPO: Why is it commanding strong grey market premium?​

MapmyIndia IPO opens on December 9, issue closes December 13

MapmyIndia IPO MapmyIndia, India’s leading map and navigation services provider, has decided to launch its initial public offering for subscription on December 9, 2021. The offer will close on December 13. Founded in 1992, the company which is also known as CE Info Systems will disclose its IPO price ...

View more: MapmyIndia IPO opens on December 9, issue closes December 13

Rakesh Jhunjhunwala-backed Metro Brands IPO opens on December 10, closes on December 14

Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala is the third largest shareholder in the company, owning 14.73 percent stake. Ace investor Rakesh Jhunjhunwala-backed Metro Brands has decided to open its maiden public offer for subscription on December 10. The price band and lot size will be announced by the company next ...

View more: Rakesh Jhunjhunwala-backed Metro Brands IPO opens on December 10, closes on December 14

Shriram Properties IPO to hit Dalal Street on December 8, to raise Rs 600 crore

Shriram Properties IPO South-based residential real estate development company Shriram Properties is set to launch its initial public offering (IPO) on December 8, 2021, with the plan to raise Rs 600 crore. The company will disclose its price band and lot size in coming days. The offer will close ...

View more: Shriram Properties IPO to hit Dalal Street on December 8, to raise Rs 600 crore

Why Rakesh Jhunjhunwala-backed Star Health’s IPO failed to enthuse investors

Star Health IPO | Promoter Rakesh Jhunjhunwala is the second largest shareholder in the company. It had all the makings of a star initial public offering – the backing of a famed investor, a dominating presence in an under-penetrated market, leading industry growth and “subscribe” recommendations from brokerage houses. ...

View more: Why Rakesh Jhunjhunwala-backed Star Health’s IPO failed to enthuse investors

Subscribe to RateGain Travel Technologies: Arihant Capital

Star Health IPO share allotment | Check latest grey market premium, listing date

Subscribe to Anand Rathi Wealth: Emkay Global Financial

Tega Industries IPO: Issue subscribed 16.22 times on final day, QIB portion booked 4 times

Anand Rathi IPO oversubscribed by 1.81 times, retail portion booked 2.82 times on Day 2

Star Health IPO subscribed 79% on final day of bidding with QIB portion fully booked

Subscribe to Anand Rathi Wealth: Hem Securities

Subscribe to Rategain Travel Technologies: Prabhudas Lilladher

Subscribe to Anand Rathi Wealth: ICICI Direct

Subscribe to Anand Rathi Wealth: Arihant Capital

Tega Industries IPO: Issue subscribed 5.31 times, retail portion booked 8.64 times on Day 2

Rakesh Jhunjhunwala-backed Star Health IPO subscribed 20%, retail portion booked 91%

OTHER TECH NEWS

;