Latent View Analytic makes strong debut

Latent View Analytic makes strong debut

Data analytics services provider Latent View Analytics started off the first day trade with a massive 169% premium on the bourses on November 23, which was largely on expected lines.
The stock opened at Rs 530 on the BSE and the opening tick on the National Stock Exchange was Rs 512.20, against issue price of Rs 197 per share, changing the mood at Dalal Street that was spoiled by the disappointing listing of Paytm, the leading digital payments platform.
Reasonable valuations, healthy financials, strong growth prospects and good relationship with blue chip companies supported the stock price.

The initial public offering of Latent View had seen overwhelming response from investors, subscribing 326.49 times during November 10-12, 2021.
Non-institutional investors had put in bids 850.66 times the portion set aside for them, and qualified institutional buyers bought shares 145.48 times the reserved portion. Retail investors also looked aggresive, subscribing for shares 119.44 times the portion set aside for them and employees’ portion was subscribed 3.87 times.

The company, which provides services to blue-chip companies in Technology, BFSI, CPG & Retail, Industrials, and other industry domains, has raised Rs 600 crore through its maiden public issue. The offer was composed of a fresh issue of Rs 474 crore and an offer for sale by selling shareholders.

Disclaimer –
This document is meant for the recipient only for use as intended and not for circulation. This document should not be reproduced or copied or made available to others. The information contained herein is from the public domain or sources believed to be reliable. While reasonable care has been taken to ensure that information given is at the time believed to be fair and correct and opinions based thereupon are reasonable, due to the very nature of research it cannot be warranted or represented that it is accurate or complete and it should not be relied upon as such. Also above note is not a recommendation to Buy or SELL and is only a view based on facts and figures and we will be in no way responsible for any losses incurred by anyone who uses this information to either trade or invests securities mentioned herein.