Latent View Analytics more than doubles money for IPO investors
Nov 23, 2021, 10:57 IST
- Shares of Latent View Analytics list at ₹530 while the shares were allotted at ₹197 per share.
- The IPO was subscribed 338.51 times on the last day of the bidding, breaking the record set by Paras Defence a few weeks ago (304 times).
- The market capitalisation of the company stood at ₹10,484 crore.
Advertisement
Shares of Latent View Analytics made a strong listing on the National Stock Exchange (NSE) and BSE at 169% premium over the issue price of ₹197 apiece.Post-listing, the market capitalisation of the company stood at ₹10,484 crore, according to BSE data.
The shares of Latent View Analytics were trading at ₹527, higher by 166% at 10.00 a.m., on November 23. The grey market showed a strong listing for Latent View Analytics a day prior to the listing with a ₹360 premium per share.
Moreover, the IPO — open between November 10 and November 12 — was a hit among investors. It was subscribed 338.51 times on the last day of the bidding.
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. Latent View Analytics wanted to raise ₹600 crore through its IPO. The public issue consisted of a fresh issue of ₹474 crore and an offer for sale of ₹126 crore, which went to the existing shareholders who were selling their shares in the issue.
Advertisement
SEE ALSO: These chemical, pharma, infrastructure, bank stocks fell more than 15% in the last one month
Bharti Airtel, Indian Energy Exchange, Latent View and other top stocks on November 23