Global information and analytics organization Latent View Analytics makes it marketplace debut on November 23, with analysts anticipating the percentage to listing at a hundred and fifty percentage top rate over the difficulty rate of Rs 197.
Analysts are upbeat at the list following an awesome reaction because the Rs six hundred-crore public trouble, the organization’s sturdy financials, affordable valuations and vibrant boom potentialities.
“Latent View Analytics is ready for a massive bumper list with the IPO subscribed whopping 326 instances and buying and selling at a a hundred and eighty percentage top rate on the gray marketplace,” stated Sonam Srivastava, Founder of Wright Research.
“This IPO offers me a flashback to the Happiest Minds IPO now no longer handiest indexed at a 113 percentage list advantage however is likewise up six hundred percentage even after the list in eleven months.”
A vulnerable fairness marketplace, however, is a subject because the benchmark indices have fallen greater than 6.five percentage from its document highs of October.
Bears went on a rampage on November 22 as well. The Sensex tanked 1,a hundred and seventy factors to 58,466 and Nifty tumbled 348 factors to shut at 17,416.
A right list may also assist carry the temper that has been soured via way of means of Paytm’s forgettable debut on November 18.
IPO a massive hit
Latent’s public provide turned into subscribed 326.forty nine instances at some stage in November 10-12, 2021, one in every of the largest ever subscriptions for Indian markets.
The component reserved for non-institutional traders turned into subscribed 850.sixty six instances and that of certified institutional shoppers 145.forty eight instances. Retail traders had installed bids 119.forty four instances the component set apart for them and employees’ component turned into subscribed 3.87 instances.
Srivastava stated Latent View might listing at forty two instances PE (rate-to-earnings), even as Happiest Minds is buying and selling at a PE of 113.
“So we will count on the gray marketplace top rate to transform into list day gains. Much like Happiest Minds, Latent View has full-size ability with its present sturdy customer and sales base and presence withinside the worldwide analytics and predictions industry,” she stated.
Latent View works withinside the coveted information analytics area on commercial enterprise analytics, superior predictive analytics, information engineering, and virtual solutions. It boasts of worldwide blue chip customers and has labored with 30 of fortune 500 agencies withinside the remaining 3 fiscals.
Its customer base consists of numerous marquee companies engaged in various industries, inclusive of Adobe, 7-Eleven, Uber Technology. The organization presents offerings basically to agencies in technology, CPG and retail, industrials and BFSI segments.
As of September 2021, it turned into engaged via way of means of a US-primarily based totally worldwide software program massive for over 10 years, via way of means of a multinational e-trade organisation for over 8 years and via way of means of an America-primarily based totally worldwide net virtual advertising and seek massive for over 5 years, which indicates how deeply embedded the organization is of their day by day workflows and decision-making processes, stated Astha Jain of Hem Securities.
Latent View Analytics stocks traded at Rs 547-557 withinside the gray marketplace, at a 178-183 percentage (Rs 350-360) top rate over the difficulty rate of Rs 197, as in line with the IPO Watch and IPO Central.
The inventory has maintained a gray marketplace top rate of over Rs three hundred considering the fact that November 15.
The gray marketplace is an unofficial platform wherein buying and selling in IPO stocks start with the assertion of rate band and maintains until the list of stocks at the bourses. It is regularly used to get an concept of the list rate.
“After witnessing a huge call for from traders for a spot participant in information analytics servicing fortune500 agencies globally, you’ll be able to a count on bumper list (at0 round Rs 500-550 levels, which translate to greater than a hundred and fifty percentage top rate,” stated Prashanth Tapse, VP Research at Mehta Equities.
Latent View trouble seems to be fairly priced while as compared to indexed similar and observed via way of means of vibrant developing potentialities focusing in this new-age virtual answer inclusive of information analytics like AI and gadget mastering analytics agencies, he stated.
Amit Pamnani, Chief Investment Officer & DGM for Investment Banking at Swastika Investmart, expects Latent to listing at instances the difficulty rate.
Latent View Analytics raised Rs six hundred crore thru its public trouble that covered a clean trouble of Rs 474 crore and a proposal on the market via way of means of Rs 126 crore.