Latent View Analytics’ shares will be launched on the stock exchange on Tuesday following a record response to its Rs 600 crore initial public offering (IPO). Given the high demand for the IPO, the company’s shares are anticipated to trade at a premium on the stock exchanges today.
Analysts are similarly bullish about the IPO, which was subscribed to 338 times between November 10 and November 12. Furthermore, the grey market premium of Latent View Analytics’ IPO suggests a successful stock market debut. It is worth noting that the GMP is an unofficial predictor of how a stock will be listed on the principal markets.
Today, shares of Latent View Analytics IPO are selling at a premium of Rs 380 on the grey market, signaling a strong start for the stock. This means that the firm’s shares are likely to list for Rs 380 more than the IPO issue price. This is great news for the lucky investors who received shares in the company following the IPO.
The grey market premium (GMP) for the Latent View Analytics IPO has stayed over Rs 300 for the past week, despite stock market underperformance, which is a positive sign for investors.
Latent View Analytics, which has a GMP of Rs 380, is expected to make its debut at Rs 577 a share. While unfavorable stock market emotions may dampen listing gains, Latent View Analytics is likely to make a great debut on the public exchanges today.
Latent View Analytics, founded in 2006, offers data and analytics consultancy, business analytics and insights, advanced predictive analytics, data engineering, and digital solutions.