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Hidden View Analytics IPO Subscribed 6.39 Times On First Day

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Hidden View Analytics IPO was subscribed 6.39 times on very first dayThe preliminary public offer (IPO) of Hidden View Analytics was subscribed 6.39 times on the first day of problem, as it got bids for 11,19,06,580 shares as against 1,75,25,703 shares on offer, according to stock exchange data.The problem will close on November 12, 2021.

It's rate band is fixed at Rs 190-197.

An investor can bid for a minimum of 76 equity shares and in multiples thereof.Ahead of the IPO, Latent View Analytics had on Tuesday, finalised allowance of 1,35,53,898 equity shares to anchor investors at Rs 197 per share, aggregating Rs 267.01 crore.The IPO consists of a fresh issue worth upto Rs 474 crore by the business and a sell worth upto Rs 126 crore by selling shareholders.The company prepares to use the profits from the IPO for funding inorganic growth worth Rs 147.90 crore.

It also aims to money working capital requirements of its product arm, Latent View Analytics Corp amounting to Rs 82.40 crore and has also laid out plans to enhance its capital base for future development amounting to Rs 130 crore.




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