IPO
Digital analytics firm Latent View files draft papers for Rs.600-Cr IPO
Chennai-based global digital analytics firm LatentView Analytics Ltd has filed a draft paper with capital market regulator Sebi to raise INR 600 crore through a share sale. The IPO consists of a fresh issue of INR 474 crore and an offer-for-sale (OFS) of up to INR 126 crore by its existing shareholders and promoters. The OFS comprises up to INR 60.15 crore by Adugudi Viswanathan Venkatraman, up to INR 23.52 crore by Gopinath Koteeswaran, up to INR 35 crore by Ramesh Hariharan, up to INR 3.87 crore by Subramanian Ramachandran, up to INR 1.19 crore by Divya Balakrishnan, up to INR 1.15 crore by Rajkumar Kaliyaperumal, and up to INR 73.50 lakh by Priya Balakrishnan. The proceeds from the issue worth INR 147.90 crore will be used for funding inorganic growth initiatives; INR 82.40 crore will be used for funding working capital requirements of its material arm LatentView Analytics Corp and INR 130 crore for investment in its arm to augment its capital base for future growth. Axis Capital, ICICI Securities and Haitong Securities India are the lead managers to the issue. The OFS comprises up to INR 60.15 crore by Adugudi Viswanathan Venkatraman, up to INR 23.52 crore by Gopinath Koteeswaran, up to INR 35 crore by Ramesh Hariharan, up to INR 3.87 crore by Subramanian Ramachandran, up to INR 1.19 crore by Divya Balakrishnan, up to INR 1.15 crore by Rajkumar Kaliyaperumal, and up to INR 73.50 lakh by Priya Balakrishnan. The proceeds from the issue worth INR 147.90 crore will be used for funding inorganic growth initiatives; INR 82.40 crore will be used for funding working capital requirements of its material arm LatentView Analytics Corp and INR 130 crore for investment in its arm to augment its capital base for future growth.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
