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.
Also read - Latent View Analytics IPO opens. 10 things to know before you subscribe
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.
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