Latent View Analytics tops charts with 339 times subscription

IPO receives bids worth Rs 1.1 trn, nearly 6x more than Paytm

Data analytics firm Latent View Analytics’ maiden offering, which ended on Friday, garnered 339 times (x) subscription, making it the most-subscribed initial public offering (IPO) ever. The total bids exceeded Rs 1.1 trillion—nearly six times more than what the country’s largest IPO, that of Paytm, received earlier this week.

The high networth individual (HNI) portion of the IPO garnered nearly 882x subscription with bids totalling Rs 78,498 crore. Retail portion was subscribed 124x and the institutional investor portion saw over 150x subscription. The price band for the IPO has been set at Rs 190-197 per share.

Latent View displaced Paras Defence, which