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What Gmp suggests before market debut


Latent View Analytics shares will be listed on the BSE and NSE stock exchanges on Tuesday. The gray market premium (GMP) of Chennai-based data analytics firm Latent View foreshadowed a strong upcoming listing for the stock. Latent View Analytics ordered a premium of Rs 300 on the gray market – the unofficial market for unlisted securities – on Tuesday, according to dealers.

Latent View Analytics’ Initial Public Offering (IPO) received a phenomenal response from investors. The IPO of Latent View saw an overall subscription of 326.5 times the shares offered. The portion reserved for non-institutional investors – or high net worth individuals – was counted 850.7 times, and that for qualified institutional buyers (QIB) 145.5 times. The quota reserved for savers was subscribed 119.4 times, and that for employees 3.9 times.

Up to 75% of the IPO was reserved for QIBs, 15% for non-institutional investors and 10% for retail investors.

The company’s Rs 600 crore IPO included a new issue of shares valued at Rs 474 crore and an offer to sell (OFS) of shares valued at Rs 126 crore by existing shareholders .

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As part of Latent View’s IPO, shares were available to bid in the price range of Rs 190-197 in multiples of 76. At the high end of the price range, an investor would spend 14,972 Rs for a lot.

Prior to the IPO, Latent View Analytics had raised Rs 267 crore from 34 major investors at Rs 197.

Latent View Analysis provides services ranging from data and analytics consulting to business analytics and insights, to advanced predictive analytics, data engineering and digital solutions.


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