Latent View Analytics IPO - Subscription Day 1

Latent View Analytics IPO  - Subscription Day 1

by 5paisa Research Team Last Updated: Nov 10, 2021 - 06:50 pm 46.6k Views

The Rs.600 crore IPO of Latent View Analytics, consisting of a fresh issue of Rs.474 crore and an offer for sale (OFS) of Rs.126 crore, saw robust response on Day-1 of the IPO.

As per the combined bid details put out by the BSE at the close of Day-1, Latent View Analytics IPO was subscribed 6.39X overall, with reasonable demand coming from the retail segment followed by the HNI segment. The issue closes on 12th November.

As of close of 10th November, out of the 175.26 lakh shares on offer in the IPO, Latent View Analytics saw bids for 1,119.07 lakh shares. This implies an overall subscription of 6.39X.

The granular break-up of subscriptions was dominated by the retail investors followed by HNIs. QIB bids and NII bids are expected to gather momentum on the last day, as is the general trend in the IPO market.

Latent View Analytics IPO Subscription Day-1


Subscription Status

Qualified Institutional Buyers (QIB)

0.15 Times

Non Institutional Investors (NII)

2.42 Times

Retail Individuals

31.62 Times


1.24 Times


6.39 times


QIB Portion

The QIB portion of the IPO was subscribed just 0.15 times at the end of Day-1. On 09th November, Latent View Analytics did an anchor placement of 1,35,53,898 shares at the upper end of the price band of Rs.197 to 34 anchor investors raising Rs.267.01 crore.

The list of QIB investors included a number of marquee global names like Abu Dhabi Investment Authority (ADIA), Ashoka India Fund, Hornbill Orchid and Wellington Fund. Domestic anchor investors included Birla Mutual Fund, Axis MF, ICICI Pru MF, Kotak MF, Mirae MF, SBI Life, Bajaj Allianz, UTI MF; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 93.68 lakh shares of which it has got bids for 13.64 lakh shares, implying a subscription ratio of 0.15X for QIBs at the close of Day-1. QIB bids typically get bunched on the last day but the heavy demand for the anchor placement forebodes well for the Latent View IPO subscription overall.

HNI / NII Portion

The HNI portion got subscribed 2.42X (getting applications for 113.58 lakh shares against the quota of 46.84 lakh shares). This is a strong response on Day-1 because this segment normally sees the maximum response bunched on the last day. Bulk of the funded applications and corporate applications, come in on the last day of the IPO.

Retail Individuals

The retail portion was subscribed an impressive 31.62X at the end of Day-1, showing strong retail appetite. However, it must be noted that retail allocation is just 10% in this IPO. For retail investors; out of the 31.23 lakh shares on offer, valid bids were received for 987.50 lakh shares, which included bids for 787.80 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.190-Rs.197) and will close for subscription on 12th November 2021.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

How do you rate this blog?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest Blogs
UTI Nifty 50 ETF Face Value Split: What It Means for You?

Exchange-Traded Funds (ETFs) have gained immense popularity in recent years as an investment vehicle. They offer investors exposure to a diversified portfolio of assets, much like mutual funds, but with the added advantage of being traded on stock exchanges throughout the trading day. 

  • Sep 26, 2023
Top 5 Luxury Brands in India in 2023

In a world grappling with economic downturns, India stands tall as a beacon of economic growth and potential. With an estimated 7% growth rate in 2023, India is poised to become the fifth-largest economy globally. The Indian luxury market is not far behind in this remarkable growth story.  Recent reports suggest that India's luxury market is set to soar to unprecedented heights, offering a lucrative playground for both domestic and international brands.

  • Sep 26, 2023
Marco Cables & Conductors IPO: How to check the Allotment Status

The IPO of Marco Cables & Conductors Ltd has a fresh issue component and also an offer for sale (OFS) portion. As part of the fresh issue portion of the IPO, Marco Cables & Conductors Ltd issued a total of 26,01,000 shares (26.01 lakh shares), which at the fixed IPO price of ₹36 per share aggregates to a total fund raising of ₹9.36 crore.

  • Sep 26, 2023