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<ul><li><keyword id="413856" type="COMPANY" weightage="20" keywordseo="Kalyan-Jewellers">Kalyan Jewellers</keyword> made its debut on the National Stock Exchange (NSE) at ₹73.95.</li><li>This is a 15% discount to the issue price of ₹87 per share.</li><li>Analysts expect that most of the investors, who were allotted shares, are likely to sell on listing.</li></ul>Kalyan Jewellers, one of India’s leading jewellery brands, listed on the stock exchanges today at ₹73.95 — a 15% drop from its initial public offering (IPO) price of ₹87 per share. One of the factors that may have contributed to Kalyan’s discount to issue price is aggressive pricing. The company’s financials have been struggling for the past two financial years and jewellery is a sector that currently finds itself out of favour. The ₹1175 crore IPO saw muted interest only getting <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-of-kalyan-jewellers-ipo/articleshow/81626536.cms">subscribed to 2.61 times</a>. This doesn’t bode well for the company that regards Titan Company’s Tanishq as its key competitor in the market. Analysts <a href="https://www.financialexpress.com/market/ipo-news/kalyan-jewellers-ipo-listing-day-strategy-grey-market-premium-missing-sell-on-listing-or-hold-shares-for-long-term/2219933/">expect</a> that most of the investors, who were allotted shares, are likely to sell on listing. What has investors worried about Kalyan Jewellers? Kalyan Jewellers has a huge presence in India’s southern states. Overall, it has over 100 showrooms in 21 states and union territories across the country. Outside India, Kalyan has a foothold in the Middle East with 30 showrooms. But its financials, of late, were <a href="https://www.businessinsider.in/business/corporates/news/kalyan-jewellers-will-be-going-up-against-titan-but-remains-sceptical-jewellery-business-can-ever-fully-go-online/articleshow/81478749.cms">not so impressive</a>. It suffered setbacks in 2019 following cyclones and floods in southern states. And, when the pandemic hit, the company was unable to register positive cash inflows for nine months ending December 2020. While industry reports suggest that there may be an uptake in jewellery buying as shoppers redirect their funds from big, lavish venues to jewellery — there is still considerable uncertainty around the demand for gold as India sees a second wave of COVID-19 spreading across the country. Moreover, the executive director of Kalyan Jewellers — Ramesh Kalyanaraman — does not believe going digital will help the company. “I don’t see online replacing offline ever in our sector,” he told Business Insider in an interview. Unlike Kalyan, Titan took up digital solutions to boost demand during the pandemic as customers looked for contactless ways to buy jewellery. Nonetheless, Kalyan’s hyperlocal strategy has, so far, worked in its favour. Before the IPO opened up to the public, the Warburg Pincus-backed jewellery bigwig raised nearly ₹352 crore from 15 anchor investors including the Government of Singapore, Monetary Authority of Singapore, HDFC Life Insurance and BNP Paribas Arbitrage. The funds will be used for Kalyan’s working capital requirements and general corporate purpose.

Kalyan Jewellers makes a lacklustre debut, listing at 15% discount to issue price

<ul><li>The three-day public issue will begin on March 16 and end on March 18.</li><li><keyword id="413856" type="COMPANY" weightage="20" keywordseo="Kalyan-Jewellers">Kalyan Jewellers</keyword> designs, manufactures and sells a wide range of gold, studded and other jewellery products.</li><li>The IPO comprises fresh issuance of equity aggregating up to ₹800 crore and an offer for sale (OFS) worth ₹375 crore.</li></ul>The ₹1,175 crore initial share-sale of Kalyan Jewellers India is set to open for public subscription on March 16. The three-day public issue would conclude on March 18, and the bidding for anchor investors would open on March 15. The company said, on Thursday, that it has fixed a price band of ₹86-87 a share. The IPO comprises fresh issuance of equity aggregating up to ₹800 crore and an offer for sale (OFS) worth ₹375 crore. The company’s promoter, T S Kalyanaraman, would be offloading shares worth up to ₹125 crore, while Warburg Pincus affiliate Highdell Investment would sell up to ₹250 crore worth of shares through the OFS route. The company also plans to reserve shares worth ₹2 crore for eligible employees. <keyword id="9681214" type="UNKNOWN" weightage="20" keywordseo="kalyan-jewellers-ipo">Kalyan Jewellers IPO</keyword> opens next week <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue details </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Opens on </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 16 </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Closes on </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 18 </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹86-87 per share </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum bid </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">172 equity shares </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reservation for qualified institutional buyers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">50% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reservation for non-institutional buyers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reservation for retail investors </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">35% </td></tr></tbody></table> Kalyan Jewellers designs, manufactures and sells a wide range of gold, studded and other jewellery products. The company started the jewellery business in 1993 with a single showroom in Thrissur district in Kerala and has now completed over 25 years in the jewellery industry with 107 showrooms located across 21 states and union territories. Founded by TS Kalyanaraman, who has over 45 years of retail experience, the company has an international presence with 30 showrooms located in the middle East as of December 2020. Axis Capital, Citigroup Global Markets India, ICICI Securities and SBI Capital Markets are the global co-ordinators and book running lead managers to the offer. In August last year, Kalyan Jewellers had filed preliminary papers for the IPO and obtained Securities and Exchange Board of India’s (SEBI) go-ahead in October. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/zomato-delivery-executive-arrested-by-bengaluru-police-for-allegedly-assaulting-content-creator/articleshow/81445459.cms">Zomato delivery executive arrested by Bengaluru Police for allegedly assaulting content creator</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/qualcomms-next-snapdragon-chipset-aims-to-take-on-apples-silicon-m1-chip/articleshow/81444486.cms">Qualcomm's next Snapdragon chipset aims to take on Apple's Silicon M1 chip</a>

Here’s all you need to know about Kalyan Jewellers’ ₹1,175 crore IPO opening on March 16

<ul><li>The basis of allotment for the ₹1,175 crore IPO of Kalyan Jewellers is likely to be announced today on March 23.</li><li>The IPO saw muted demand being subscribed to 2.61 times after the bidding process closed on March 18.</li><li>Here is how to check <keyword id="10970925" type="UNKNOWN" weightage="20" keywordseo="kalyan-jewellers-ipo-allotment">Kalyan Jewellers IPO allotment</keyword> status on the registrar website and stock exchanges. </li></ul>Kalyan Jewellers is likely to announce the allotment status of its ₹1,175 initial public offering (IPO) on March 23. Despite being one of India’s biggest jewellery brands, the offer saw muted demand. <keyword id="9681214" type="UNKNOWN" weightage="20" keywordseo="kalyan-jewellers-ipo">Kalyan Jewellers IPO</keyword> was subscribed to 2.61 times after the bidding process closed on March 18. The Kerala-based company is offering fresh shares worth ₹800 crore and an offer of sale (OFS) worth ₹375 crore. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kalyan Jewellers IPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.76 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.91 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.82 times </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.61 times </td></tr></tbody></table> According to Angel Broking analyst <a href="https://finance.yahoo.com/news/indias-kalyan-jewellers-ipo-loses-134958109.html">Amarjeet Maurya</a>, the lacklustre interest in Kalyan Jewellers is a result of its recent financial results failing to impress investors, especially in comparison to its main competitor — Titan. Concerns were further compounded by uncertainty around the demand for gold given the COVID-19 pandemic. Nonetheless, Kalyan’s hyperlocal strategy has earned it a strong and widespread brand presence across the country. Before the IPO opened up to the public, the Warburg Pincus-backed jewellery bigwig raised nearly ₹352 crore from 15 anchor investors including the Government of Singapore, Monetary Authority of Singapore, HDFC Life Insurance and BNP Paribas Arbitrage. The funds will be used for Kalyan’s working capital requirements and general corporate purpose. Here is how to check Kalyan Jewellers IPO allotment status: If you subscribed to the Kalyan Jewellers IPO, you could check your allotment status by following these simple steps. To check on the stock-exchange website: <ul><li>To check Kalyan Jewellers IPO allotment status, go to the<a href="https://www.bseindia.com/investors/appli_check.aspx"> BSE website</a> or <a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp">NSE website</a> here.</li><li>On BSE, Select 'Equity' and then from the dropdown, select 'Kalyan Jewellers'.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>Please note the details will only be available once the shares are allotted. You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on 'Kalyan Jewellers'. It will only appear post allotment on March 22.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click 'submit'.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

Kalyan Jewellers IPO live — how to check allotment, listing date and more

<ul><li>From jewellery maker, Kalyan Jewellers to an Indian Government’s “Miniratna” RailTel Corporation, a whole range of companies are looking to get listed on Indian stock exchanges this year. </li><li>According to Geojit Financial Services, as many as 80 companies have approached SEBI to tap the primary market. </li><li>These are likely IPO candidates that may list this year. </li></ul>The IPO market seems to be piping hot in 2020 compared to the same time last year. Despite the pandemic and the economic slowdown, <a href="https://www.chittorgarh.com/ipo/ipo_list.asp?a=mainline">IPOs worth ₹179.8 billion</a> have already hit the market in the past ten months compared to ₹126.87 billion worth IPO in 2019. And as many as 80 companies have approached SEBI in the current fiscal year to get the necessary approvals for IPOs, according to Geojit Financial Services. The recent IPO bonanza made a lot of money for investors. Jyoti Roy, equity strategist at Angel Broking believes that is because “the investors have been willing to invest in companies with good businesses and reasonable valuations.” <div type="image" title="IPO data" msid="78634632" hostid="261"></div> The IPO bonanza may not have ended yet. From jewellery maker, Kalyan Jewellers to an Indian Government’s “Miniratna” RailTel Corporation, a whole range of companies are looking to get listed on Indian stock exchanges this year. Let’s take a look at some of the upcoming IPOs scheduled this year: Equitas Small Finance Bank The Chennai-based microfinance lender, Equitas Small Finance Bank (SFB), is looking to raise ₹532 crore from the IPO. The initial public offering will open on October 20 and will remain open till October 22. The company has appointed JM Financial, Edelweiss Financial Services, and IIFL Securities as its book running lead managers to the issue. RailTel’s ₹700 crore initial public offering The state-owned RailTel Corporation has filed a Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for an initial public offer of up to 8.66 crore equity shares. The company is likely to raise ₹700 crore through the IPO, a complete offer for sale by the Central government. It has appointed ICICI Securities, IDBI Capital, SBI Capital Markets as the book running lead managers to the issue. ESAF Small Finance Bank The Kerala-based ESAF Small Finance Bank had filed DRHP in January and subsequently got the approval from SEBI at the end of March. However, the bank delayed its initial public offering due to the volatile market conditions and said it would take a call on ₹976-crore initial public offering (IPO) after September. The ₹976-crore IPO of ESAF Small Finance Bank will comprise a fresh issue worth ₹800 crore and an offer for sale (OFS) aggregating up to ₹176.2 crore. Kalyan Jewellers Kerala based Jewellery maker, Kalyan Jewellers, is also expected to launch a ₹1,750 crore initial public offering (IPO) in <a href="http://www.marketsguruji.com/upcoming-ipos-in-india/">November</a>. The ₹1,750 crore IPO will be the largest in its sector. The issue will consist of a fresh fundraise of ₹1,000 crore and offer of sale by promoter TS Kalyanaraman and private equity firm Warburg Pincus of ₹750 crore. Burger King One of India'sIndia's fastest-growing food chains, Burger King, is also in line to raise as much as ₹1,000 crore by initial public offering. The firm aims to utilise the funds to double the number of restaurants by 2025, where it currently operates 216 in India, as per its DRHP. Burger King IPO is also likely to hit the market in November this year. Bajaj Energy The ₹5,450 crore IPO of Uttar Pradesh-based, one of the largest private-sector thermal generation companies, Bajaj Energy, is expected to hit the market by the end of this year. The IPO comprises fresh issuance of shares aggregating up to ₹5,150 crore and an offer for sale of scrips up to ₹300 crore by the promoter Bajaj Power Ventures, according to its DRHP. Some of the companies coming up with IPOs include MilkBasket, Lodha Developers, Anand Rathi Wealth Management, Barbeque Nation, NSE, Indian Railways Finance Corporation, among others. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/mazagon-dock-shipbuilders-shares-list-at-49-premium-over-the-issue-price/articleshow/78613450.cms" data-type="tilCustomLink">Mazagon Dock Shipbuilders shares list at 49% premium over the issue price</a> <a href="https://www.businessinsider.in/stock-market/news/tepid-debut-for-uti-amcshares-list-at-12-discount-over-the-issue-price/articleshow/78613719.cms" data-type="tilCustomLink">Tepid debut for UTI AMC—shares list at 12% discount over the issue price</a>

IPOs have raked in nearly $180 billion so far in 2020 — Here’s a look at some other companies that may go public this year

<ul><li>Data analytics services company <keyword id="5165543" type="General" weightage="20" keywordseo="latent-view-analytics" source="Orion">Latent View Analytics</keyword>’ IPO has been subscribed 11.35 times so far. The IPO will conclude on November 12.</li><li>Analysts are bullish on the analytics services industry as they see future demand for such services to solve complex customer problems.</li><li>In line with the positive view on the company’s outlook, the grey market premium of the company’s shares has risen to ₹285 from ₹230 earlier.</li></ul>Latent View Analytics’ initial public offering (IPO) has received strong demand from investors in just one day of the bidding process. The IPO of the 15-year old data analytics services company, which opened on November 10, has been subscribed 11.35 times as of 1 p.m., on November 11. The IPO will conclude on November 12. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.25 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7.30 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">51.79 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.35 times </td></tr></tbody></table> One reason for the huge demand in the IPO is rising grey market premium which signals strong listing for the public issue. In line with the positive view on the company’s outlook, the grey market premium of the company’s shares has risen to ₹285 from ₹230 earlier. Latent View Analytics is looking to raise ₹600 crore through the public listing of shares. The IPO comprises a fresh issue of ₹474 crore and an offer for sale of ₹126 crore by existing shareholders and promoters. The company will utilise net proceeds from the fresh issue of the IPO into inorganic growth initiatives, working capital requirements of subsidiary Latent View Analytics Corporation and investment in subsidiaries to augment the capital base. The 15-year old company provides analytics services such as data and analytics consulting, business analytics and insights, advanced predictive analytics, data engineering, and digital solutions. It provides services to blue-chip companies in technology, banking, financial services and insurance (BFSI), consumer packaged goods (CPG) companies and retail, industrials, and other industry domains. Adding to it, brokerage firms are also bullish on the analytics services industry as they see future demand for such services to solve complex customer problems. “We feel in future there will be a great demand for pure play analytics company [sic] like Latent View, which is engaged in providing analytics services, offering an in-depth understanding of solving complex customer problems and assists business entities in making an informed decision. Thus considering the bright future and attractive valuations, we assign a “SUBSCRIBE” rating for the issue,” said Choice Broking in a report. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/leading-crypto-players-in-india-likely-to-meet-with-indian-government-next-week-to-give-inputs/articleshow/87642591.cms">Leading crypto players in India likely to meet with Indian government next week to give inputs</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/news/if-you-have-money-to-invest-buy-gold-and-wait-says-ramesh-kalyanaraman-of-kalyan-jewellers/slidelist/87641971.cms">If you have money to invest, buy gold and wait, says Ramesh Kalyanaraman of Kalyan Jewellers</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/elon-musk-sells-tesla-shares-worth-1-1-billion-after-conducting-twitter-poll/articleshow/87641618.cms">Elon Musk sells Tesla shares worth $1.1 billion after conducting Twitter poll</a>

Latent View Analytics’ GMP increases to ₹285; IPO subscribed 11 times so far

<div class="KonaFilter image-container display-table"><div><div class="image on-image">REUTERS/Ruben SprichBlackRock CEO Larry Fink is betting big on Aladdin.</div></div></div><ul class="summary-list"><li>BlackRock has created a new group that's focused on managing the tech projects it has planned for Aladdin, risk and portfolio management technology system according to <a href="https://www.linkedin.com/jobs/view/1541801254/">a recent job posting</a>. </li><li>The $6.9 trillion asset manager is betting that Aladdin will be a long-term money maker used by both institutional and wealth management clients.</li><li><a href="https://www.businessinsider.com/blackrocks-wealth-platform-is-bringing-in-more-business-for-financial-advisors-2019-4">The Aladdin Studio</a>, a suite of tools that allows developers to customize and tweak Aladdin, is one of the most recent examples of BlackRock's attempt to keep pace with the evolving needs of its customer base. </li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories.</a></li></ul>It appears the world's largest asset manager has some big plans for one of its crown jewels.BlackRock, the $6.9 trillion New York-based asset manager, <a href="https://www.linkedin.com/jobs/view/1541801254/">posted a job opening</a> that's a nod towards the number of changes it hopes to bring to its widely-used Aladdin risk and portfolio management technology system.The asset manager is hiring for its Strategic Initiatives Office, a newly formed group that sits within the Aladdin Product Group and looks to "structure, and program manage strategic initiatives as APG enters its next evolution," according to a job posting for the role <a href="https://www.linkedin.com/jobs/view/1541801254/">on LinkedIn</a>. A spokesperson for BlackRock declined to comment on the posting. See more: <a href="https://www.businessinsider.com/technologists-most-innovative-wall-street-goldman-jpmorgan-blackrock-bridgewater-2019-9">POWER PLAYERS: Meet the 8 executives leading the most innovative tech projects on Wall Street</a>The group's responsibility will be to oversee and guide new projects that are currently being worked on for Aladdin for the more than 25,000 investors who use it. That includes tech initiatives involving the cloud or the developer experience, according to the post. Other areas of focus will be commercial efforts, such as those around ETF servicing.BlackRock is betting that Aladdin will be a long-term money maker used by both institutional and wealth management clients. As investors seek ever-cheaper funds, the tech play is a major differentiator from asset managers focused on traditional investment strategies.BlackRock CEO Larry Fink <a href="https://www.businessinsider.com/blackrock-buys-tech-platform-efront-for-13-billion-2019-3">has for years talked about the firm's future more as a tech company than a traditional money manager.</a>One <keyword id="46801" type="COMPANY" weightage="60" keywordseo="prime">prime</keyword> example of BlackRock's intentions to keep up-to-speed on the desires of its clients is <a href="https://www.businessinsider.com/technologists-most-innovative-wall-street-goldman-jpmorgan-blackrock-bridgewater-2019-9#david-woodhead-technical-strategy-lead-for-blackrocks-aladdin-studio-2">Aladdin Studio</a>. The suite of tools allows developers to open up Aladdin for customizations and modifications around investment research, analytics and automation of day-to-day processes.Currently more than 3,000 developers use Aladdin Studio, and there are plans to attract even more via a wider adoption of open-source technology. Read more: <a href="https://www.businessinsider.com/blackrocks-wealth-platform-is-bringing-in-more-business-for-financial-advisors-2019-4">BlackRock says its Aladdin Wealth unit's helping it 'be part of the infrastructure,' and it could drive even more money to the world's largest asset manager</a>Aladdin has seen consistent evolution recently. The system was opened up for use by wealth managers such as UBS, Morgan Stanley, and HSBC, over the past two years. <a href="https://www.businessinsider.com/blackrocks-wealth-platform-is-bringing-in-more-business-for-financial-advisors-2019-4">In an April earnings call</a>, Fink suggested "there is evidence of increased flows to BlackRock" among Aladdin Wealth users. In Tuesday's <a href="https://markets.businessinsider.com/news/stocks/blackrocks-third-quarter-earnings-beat-expectations-profits-down-8-percent-2019-10-1028598914">third quarter earnings report</a>, BlackRock reported technology services revenue up 30% to $259 million, which was 7% of the firm's total revenue. <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/wework-ipo-valuation-money-coworking-office-space-real-estate-2019-9">WeWork went from a $47 billion valuation to a failed IPO. Here's how the company makes money.</a></h3> <div> </div> </div>

A recent BlackRock job posting hints at how it's looking to innovate around its crown jewel Aladdin tech platform - and shows it wants to be more than an asset manager

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