Home / Companies / News /  Latent View Analytics sets IPO price band

MUMBAI : Latent View Analytics Ltd on Wednesday set the price band for its initial public offering (IPO) at 190 to 197 per share. The IPO will open on 9 November and close on 11 November, with shares expected to start trading on 22 November. The IPO consists of a fresh issue of 474 crore and an offer for sale (OFS) of up to 126 crore by its existing shareholders and promoters.

The OFS comprises sale of shares worth up to 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 several Fortune 500 companies. Axis Capital, ICICI Securities and Haitong Securities India are the lead managers to the issue. The issue proceeds will be used for funding inorganic growth initiatives ( 147.90 crore), funding working capital requirements of its material arm Latent View Analytics Corp. ( 82.40 crore), and investment in its arm to augment its capital base for future growth ( 130 crore).

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