Software firm Latent View Analytics jumps 2.5 times in stellar listing

Latent View is a pure-play data analytics services company and functions in consulting services, data engineering, business analytics and digital solutions

The stock of software firm Latent View Analytics surged 2.5 times over the IPO price during its first day of trading on Tuesday. It ended at Rs 489, up Rs 292 over the issue price of Rs 197. The stock hit a high of Rs 549 and a low of Rs 462. Market players said at higher levels wealthy investors rus­hed to book profits to recover their investment cost.

Latent View’s IPO was subscribed 339 times, making it the most-subscribed IPO ever.  The HNI portion of the IPO was subscribed 882 times. The breakeven cost for HNIs worked out to Rs