Mumbai: For an initial public offering (IPO) of Rs 600 crore, a statistics And Analytics Consulting Company, was subscribed 339 times, making it the most subscribed IPO ever in India. Previous best was subscribed 304 times Paras RakshaThe IPO was listed on October 1.
institutional part of secret sceneBSE data shows that the IPO was subscribed 151 times, while the portion reserved for high net worth investors (HNIs) was subscribed 882 times and the retail portion 124 times. It is shown that the employee portion was subscribed four times.
The Chennai-based company had raised Rs 267 crore in the anchor round. The shares were offered in the Rs 190-197 per share range. At a post-anchor IPO size of Rs 332 crore, LatentView’s 339 times subscription meant that the total demand for its shares was around Rs 1.13 lakh crore. Axis Capital, Haitong Securities India and ICICI Securities managed the offering.
Data from merchant bankers shows that in terms of subscription figures, Latent View and Parag Defense are followed by Salasar Technologies with 273-fold subscriptions, Apollo Micro Systems with 249-fold subscriptions and Astron Papers with 242-fold subscriptions.
During the day, Fino Payments Bank, one of the leading micro-finance institutions that transformed into a payments bank, was listed at Rs 548, which is a 5% discount on the offer price of Rs 577 per share.
Late in the evening, Tarson Products, a company engaged in the production of materials used in laboratories, said it had allotted shares worth Rs 306 crore to a group of anchor investors ahead of its IPO. This offer will be open from November 15 to 17.
institutional part of secret sceneBSE data shows that the IPO was subscribed 151 times, while the portion reserved for high net worth investors (HNIs) was subscribed 882 times and the retail portion 124 times. It is shown that the employee portion was subscribed four times.
The Chennai-based company had raised Rs 267 crore in the anchor round. The shares were offered in the Rs 190-197 per share range. At a post-anchor IPO size of Rs 332 crore, LatentView’s 339 times subscription meant that the total demand for its shares was around Rs 1.13 lakh crore. Axis Capital, Haitong Securities India and ICICI Securities managed the offering.
Data from merchant bankers shows that in terms of subscription figures, Latent View and Parag Defense are followed by Salasar Technologies with 273-fold subscriptions, Apollo Micro Systems with 249-fold subscriptions and Astron Papers with 242-fold subscriptions.
During the day, Fino Payments Bank, one of the leading micro-finance institutions that transformed into a payments bank, was listed at Rs 548, which is a 5% discount on the offer price of Rs 577 per share.
Late in the evening, Tarson Products, a company engaged in the production of materials used in laboratories, said it had allotted shares worth Rs 306 crore to a group of anchor investors ahead of its IPO. This offer will be open from November 15 to 17.
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