Latent View IPO has actually been subscribed 23.22 times on 2nd day of issueThe preliminary public offer (IPO) of information analytics firm Latent View was subscribed 23.22 times on the 2nd day of issue.
It received quotes for 40.6 crore equity shares versus the deal size of 1.75 equity shares.Retail investors bought shares 69.56 times the portion set aside for them, and the portion booked for workers was subscribed 2.61 times.Qualified institutional buyers (QIBs) have actually put in quotes 3.51 times the part reserved for them, and a part reserved for non-institutional investors saw 33.29 times subscription.The Rs 600-crore public concern, which closes on November 12, was subscribed 6.3 times on Wednesday, which was the very first day of bidding.The deal consisted of a fresh issue of Rs 474 crore and an offer for sale of Rs 126 crore by offering shareholders.The business will make use of fresh problem earnings for inorganic development initiatives, working capital requirements of product subsidiaries and investment in subsidiaries.