Latent View Analytics Limited which had tapped the capital markets with its fresh issue for Rs 474 crs and an offer for sale of Rs 126 crs in a price band of Rs 190-197 received massive subscription and was oversubscribed 338.51 times. The issue had opened on Wednesday the 10th of November and closed on Friday the 12th of November.

QIB portion was subscribed 150.80 times, HNI portion was subscribed 881.96 times, Retail portion was subscribed 123.83 times and Employee portion was subscribed 4.03 times. There were 37,61,441 applications and on basis of lots the retail portion was subscribed 94.91 times. The issue garnered subscription of Rs 1.13 lac crs against a issue size of Rs 600 crs. This has now become the most subscribed issue in the last 12-13 years and has overtaken the recent issue of Paras Defence.

Earlier the company allotted 1,35,53,898 equity shares at Rs 197 to 19 anchor investors comprising of 34 entities. The highest allocation was made to Abu Dhabi Investment Authority of 10,15,968 shares or 7.5% of the anchor book. The company also allotted an almost equal number of shares ranging between 6.7% – 6.9% of the anchor book to nine anchor investors. The company allotted 82,23,346 shares or 60.7% of the anchor book to 12 domestic mutual funds comprising of 25 anchors. The names include Aditya Birla Sun Life AMC, Ashoka India, Axis Mutual Fund, Kotak, Nippon and Mirae amongst others.

Looking at the anchor book, one can surmise that the same has been very evenly distributed with the top 10 anchors being allotted roughly 69% of the anchor book.

Full details of the subscription are given below: –