Secret View IPOFinalizing the share allotment of India’s highest subscribed Initial Public Offering, issued by? Incognito View Analytics Likely to be done on Saturday, 20 November. share allocation for Latent View Analytics IPO The public offering began two days ago amid relentless rush among companies to bring in and raise funds for themselves. In this regard, Latent View Analytics Ltd., a data analytics services company, has created a record by oversubscribing 326.49 times which is more than any issue. The stock is likely to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday, November 22. This will come days after the shares of Paytm and Sapphire Food were listed on Dalal Street.
Latent View Analytics IPO Listing, Refund Dates
The issue, which opened on November 10, closed for bidding on Friday, November 12 after a three-day process. The share allotment process started on November 17 and is likely to end on November 20 IPO Expected to be listed on NSE and BSE on November 20. For those who did not receive the shares, the refund was done on November 18, and for eligible investors, the credit in the demat account started on November 19. Applicants can check the status of their application in two ways – a) through BSE b) through the website of the Registrar. The registrar of this issue was Link Intime India.
Secret View IPO Details, Price
LatentView Analytics had targeted to raise Rs 600 crore through the IPO. Of this, Rs 474 crore was to be raised through fresh issue, while Rs 126 crore was to be raised by selling to shareholders through offer for sale (OFS). The company will not receive any income from OFS. The company had fixed a price band of Rs 190-197 per share for its first share sale. The lot size was 76 shares. Qualified institutional buyers can buy up to 75 percent of the shares, while non-institutional investors can bid for 15 percent of the shares. The remaining 10 per cent was reserved for retail investors.
Secret View IPO GMP Today
As on Friday, November 19, the GMP of Gray Market Premium or Latent View Analytics IPO was fixed at Rs 320. This was almost 300 per cent above the high end of the issue price of Rs 163. The stock was trading at Rs 483. same day. Higher GMP indicated stronger listing for LatentView Analytics shares on NSE and BSE later this month.
Objectives of the issue
Axis Capital, ICICI Securities and Haitong Securities India Private Limited is the principal manager of Latent View IPO. The company plans to use the proceeds of the new issue to finance the inorganic growth initiative (Rs 147.9 crore), working capital requirements of Latent View Analytics Corporation, its materials subsidiary (Rs 82.4 crore). The proceeds will also be used for investment in subsidiaries for future growth and for general corporate purposes to increase its capital base.
Institute Details
Latent View Analytics Limited (LVAL) is one of the leading pure-play data analytics services companies in India, with expertise across the entire value chain from data and analytics consulting to business analytics and insights, advanced predictive analytics, data engineering and data analytics. is based. digital solution. The company serves customers in the United States, Europe and countries in 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.
read all breaking news, breaking news And coronavirus news Here. follow us on Facebook, Twitter And Wire,
,