Latent View Analytics made a strong market debut on the bourses on Tuesday despite a weakness in the secondary market. The shares listed at Rs 530 per share on the BSE, a 169 per cent premium against the issue price of Rs 197 per share. On the National Stock Exchange (NSE), the shares debuted at Rs 512, up 160 per cent against issue price.
The stock, however, witnessed mild profit booking at higher levels but continued to trade significantly higher than the issue price. At 10:20 AM, it quoted at Rs 498 apiece, still up 153 per cent against the issue price. A combined 16.71 million shares had changed hands on the NSE and BSE till the time of writing of this report.
Data analytics firm Latent View Analytics' maiden offering had garnered 339 times subscription, making it the most-subscribed initial public offering (IPO) ever. The total bids exceeded Rs 1.1 trillion—nearly six times more than what the country's largest IPO, that
Data analytics firm Latent View Analytics' maiden offering had garnered 339 times subscription, making it the most-subscribed initial public offering (IPO) ever. The total bids exceeded Rs 1.1 trillion—nearly six times more than what the country's largest IPO, that
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