21 Nov , 2021 By : Kanchan Joshi
Latent View IPO listing date is fast approaching as the public issue worth Rs600 crore is expected to hit Indian bourses on 23rd November 2021. Ahead of Latent View Analytics share listing, grey market is signaling strong listing of the public issue. As per the market observers, Latent View Analytics share price is trading at a premium of Rs230 in the grey market today.
Latent View IPO GMP
According to grey market observers, Latent View IPO grey market premium (GMP) today is Rs230, which is Rs15 lower from its yesterday's GMP of Rs345. However, they maintained that the public issue has been able to maintain its premium in the grey market at a level, which reflects strong listing of the public issue. They said that Latent View Analytics IPO grey market price has been above Rs300 since share allotment was announced. So, one can make a conclusion that grey market is hinting at 'dream debut' of Latent View Analytics shares at Indian bourses.
What this GMP mean?
Market observers maintained that GMP signals expected listing gain from the public issue. As, Latent View Analytics IPO GMP today is Rs330, it signals that grey market is expecting Latent View Analytics share listing at around Rs527 ( Rs197 - Rs330), which is around 165 per cent higher from its price band of Rs190 to Rs197 per equity share. So, the grey market is expecting near 165 per cent listing gain on share listing date.
Speaking on the fundamentals of Latent View Analytics; Astha Jain, Research Analyst at Hem Securities said, "Company is bringing the issue at price band of Rs190-197 per share at P/E multiple of 38 on post issue FY21 EPS (Earning Per Share). Company has recognized leadership position in data and analytics with a wide range of capabilities & has deep and entrenched relationships with blue chip clients across industries and geographies .We like scalable and attractive financial profile of company with strong leadership team guiding capability development and go-to-market strategy."
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