The IPO got subscribed a whopping 326.49 times. The Rs 600 crore-IPO received bids for 5,72,18,82,528 shares against 1,75,25,703 shares on offer, according to NSE data.
The category for non-institutional investors was subscribed a massive 850.66 times while the portion for qualified institutional buyers (QIBs) received 145.48 times subscription and retail individual investors’ (RIIs) 119.44 times.
The IPO aggregating up to Rs 600 crore has a fresh issue of up to Rs 474 crore and an offer for sale of up to Rs 126 crore. Latent View Analytics raised Rs 267 crore from anchor investors.
Proceeds from the fresh issue will be used for funding inorganic growth initiatives, working capital requirements of the subsidiary Latent View Analytics Corporation, and investment in subsidiaries to augment their capital base for future growth and general corporate purposes.
Investors, who had bid for the issue, can check the allotment status on the BSE website:
1) Visit
https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select Latent View Analytics Limited in the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on ‘I am not a Robot’, and hit submit.
You can also check the allotment status on the online portal of Link Intime India Private Limited (
https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue. The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications, and carries out the allotment process as per the prospectus.
The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.
1) Go to the web portal of Link Intime India Private Limited
2) Select the IPO in dropbox whose name will be populated only if the allotment is finalised
3) You may be required to select either one of the three modes: Application number, Client ID or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) For security purposes, fill the captcha accurately
7) Hit submit.
Bidders who could not get allotment in the IPO may see the initialisation of refunds on November 18. Others, who would be allotted shares may see the credit of shares in the demat account by November 22. The listing of the IPO is likely on November 23.
