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In the gray market, LatentView’s IPO is booming

Highlights:

  • According to experts, the gray market premium of Latent View Analytics IPO on Thursday was Rs 285.
  • Most of the brokerage firms are positive about this IPO and have asked to subscribe.
  • Latent View Analytics IPO has a price band of Rs 190-197 per share

At present, there is a queue of IPO in the stock market. Heroine’s listing went viral on Wednesday and all eyes are still on the country’s biggest Paytm IPO. The LatentView Analytics IPO has also been the talk of the town. The IPO opened for subscription on November 10th and has a deadline of Friday, November 12th.

The Rs 600 crore IPO has been filled 6.39 times on the first day. The IPO of the analytics service provider company has been filled 31.62 times in the retail category and 2.42 times in the NII category. IPOs are also making a splash in the gray market. Shares of Latent View Analytics are trading at a premium of Rs 285 in the gray market on Thursday.

According to market watchers, the gray market premium of the Latent View Analytics IPO on Thursday was Rs 285, an increase of Rs 55 from Rs 230 on the previous day. The IPO has received good response from investors.

What does it mean to have a high gray market premium?
After trading at Rs 230 for the past two days, the IPO of Latent View Analytics touched Rs 285 in the gray market on Thursday. According to Gray Market, the listing of this IPO is around Rs 482, which is 145 per cent higher than its price band of Rs 190-197 per share. However, investors must consult their financial advisor before making any investment.

Most brokerages give membership ratings
Most of the brokerage firms are positive about this IPO and have asked to subscribe. The company provides data and analytics consulting, business analysis, advanced predictive analytics, data engineering and digital solutions.

Marwari Shares and Finance said that on a post issue basis in FY-21, Rs. Keeping in mind the EPS of 4.60, the company has raised Rs. It is going to list at a P/E of 42.83 with a market cap of Rs 3,896.3 crore. At the same time, its peer Happy Minds is trading at a P/E of 112.85.

“We give this IPO a ‘Subscribe’ rating as the company is a leader in data and analytics with wide capabilities. Moreover, it is available at a fair valuation as compared to its competitors,” the brokerage said.

“We have a strong scalable and attractive financial profile, with a strong leadership team guiding our growth potential and market-going strategy,” said brokerage Ham Securities. Investors can subscribe to the issue for both listing gain and long term purposes.

About Secret View IPO
This IPO can be subscribed from November 10 to November 12.
The company will raise Rs 600 crore through this IPO.
Bidder can apply for 76 shares and maximum 13 lots.
The tentative date for allotment is 16 November. When the refund will be on November 17.
Shares can be deposited in the demat account of those who have shares on November 18.
– Latent View Analytics is expected to be listed on November 22.

Disclaimer: The above information is for information only. Its purpose is not to advise you to buy or sell any shares. Be sure to consult your financial advisor before making any investment.

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