Latent View Analytics IPO (Initial Public Offering) is going to open for subscription on 10th November 2021 and will be open for bidding till 12th November 2021. public issue price ₹600 crores will be listed on both NSE and BSE and the price band of the IPO has been fixed ₹190 to ₹197. Ahead of subscription opening date, gray market is giving very strong signals as Latent View Analytics shares are available at a premium ₹230 in the gray market today.
Here we list down important details regarding Latent View Analytics IPO:
– Incognito Views Analytics IPO GMP: As mentioned above, Latent View Analytics Gray Market Premium (GMP) is today ₹230, which is ₹10 above its Monday GMP ₹220. According to market observers, this gray market premium is much higher than the price band of the IPO and it may be visible in the subscription position of a premium public issue of more than 100 per cent.
– Incognito View Analytics IPO Price Bands: The promoters of the company have fixed the price band for the public issue: ₹190 to ₹197.
– Incognito View Analytics IPO Subscribe or Not: Advising investors for subscribing to the LatentView Analytics IPO; Milan Desai, Lead Equity Analyst, Angel One, said, “The LatentView Analytics IPO provides an opportunity to invest in a pure-play analytics company. LatentView provides specialized solutions, mostly descriptive and diagnostic solutions and solutions. Predictive analytics segment is expected to grow faster than the overall data and analytics market Relatively small, but expected to grow at 26 per cent CAGR in 2020-24. Given that revenue growth continues to be ahead of overall industry growth and margins finance due to lower onsite staff and other travel and sales promotion related expenses Earnings will increase, after the sharp recovery seen in the year 2011. Still appear strong. Also, the company is raising fresh capital and is already approx. ₹300 crore cash, which can help in pursuing growth. So on a forward basis, the ratings are quite attractive and that’s why we recommend subscribing to this issue.”
– Incognito View Analytics IPO Subscription Date: The public issue will open for subscription on 10 November 2021 and will be open for subscription till 12 November 2021.
– Incognito Views Analytics IPO Size: Analytics service provider company aims to mobilize ₹600 crores from the public offer out of which ₹Rs 126 crore has been reserved for OFS (Offer for Sale).
– Latent View Analytics IPO Lot Size: A bidder will be able to apply for IPO in lots and one lot will consist of 76 shares of the company. A bidder can apply for a maximum of 13 lots.
– Secret View Analytics IPO Investment Limit: As mentioned earlier, a bidder can apply for public issue in lots and a lot will consist of 76 shares. This means that a bidder will need a minimum ₹14,972 ( ₹197 x 76) while the maximum investment allowed in IPO is ₹1,94,636 ( ₹197 x 76 x 13).
– Incognito View Analytics IPO Allotment Date: The tentative date for allotment of shares is 16 November 2021. The refund can start from November 17, while the credit of shares in the demat account of the lucky bidder can happen on November 18, 2021.
– Incognito View Analytics IPO Listing Date: The tentative date for Latent View Analytics share listing is 22 November 2021.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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