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Latent View IPO: Filled in 45 Minutes on Day 1, Must Subscribe?

Highlights:

  • LatentView Analytics IPO worth Rs 600 crore opened on Wednesday
  • Most experts give subscribe rating to LatentView’s IPO
  • Bidder will be able to apply for 76 shares and maximum 13 lots

New Delhi: The Rs 600 crore IPO of Latent View Analytics opened on Wednesday and received overwhelming response from investors on the first day. It was subscribed within 45 minutes of opening on the first day. But should you subscribe to this IPO or not? Most of the experts have given it a subscribe rating.

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.

gray market premium
Latent View Analytics’ gray market premium on Wednesday was Rs 230, up Rs 10 from Monday’s Rs 220. Market watchers say that the premium is much higher than the IPO price band.

Investors attracted from day one
According to BSE data, on the first day at 10.45 am, 2,11,28,380 equity shares ie 1.21 times attracted investors. The company has put up 1,75,25,693 equity shares for sale. In retail, it was 6 lots while the non-institutional quota saw a bid of 11 per cent. This IPO can be subscribed till Friday, November 12.

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.

Incognito View Analytics Rs. 474 crore fresh equity shares while promoters and existing shareholders offer Rs. 126 crores. The company is selling shares at the price band 190-1977. The company has 76 shares in the lot size.

“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.

Analysts at Choice Broking said that there will be a huge demand in future for companies like Latent View Analytics that provide analytics services, provide in-depth insights to address complex customer dilemmas and help companies make informed decisions.

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