Latent View Analytics sets the IPO price range
MUMBAI : Latent View Analytics Ltd on Wednesday set the price range for its initial public offering (IPO) at ??190 to ??197 per share. The IPO will open on November 9 and close on November 11, with shares scheduled to start trading on November 22. The IPO consists of a new issue of ??474 crore and an offer to sell (OFS) of up to ??126 crore by its existing shareholders and promoters.
The OFS includes the sale of shares worth ??60.15 crore by Adugudi Viswanathan Venkatraman, ??23.52 crore by Gopinath Koteeswaran, ??35 crore by Ramesh Hariharan, ??3.87 crore by Subramanian Ramachandran, ??1.19 crore by Divya Balakrishnan, ??1.15 crore by Rajkumar Kaliyaperumal, and ??73.50 lakh by Priya Balakrishnan.
Latent View is a leading pure-play data analytics company serving multiple Fortune 500 companies. Axis Capital, ICICI Securities and Haitong Securities India are the lead managers of the show. Proceeds from the issuance will be used to fund inorganic growth initiatives ( ??147.90 crore), to finance the working capital needs of its hardware business Latent View Analytics Corp. ( ??82.40 crore), and investing in its arm to increase its capital base for future growth ( ??130 crores).
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