Shares of Latent View Analytics, a data analytics company, made a strong stock-market debut on 23 November 2021, listing at a premium of about 160% to 169% over their IPO issue price of ₹197.
Listing prices
- BSE: listed at ₹530 per share, a 169% premium to the issue price.
- NSE: listed at ₹512.20, roughly a 160% premium. One report said the stock touched ₹548.75 in early trade on the NSE.
The IPO
- Issue size: about ₹600 crore
- Price band: ₹190 to ₹197 per share
- Subscription: most reports say about 326 times; one puts it at about 306 times.
Grey market vs reality
Before the listing, the unofficial grey-market price pointed to a listing price near ₹887, much higher than where the stock actually opened. Grey-market prices are an informal indication, have no official sanction and are not a reliable guide to listing day.
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This article reports what happened on listing day and is not investment advice.
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Frequently asked questions
At what price did Latent View Analytics list?
It listed at ₹530 on the BSE (a 169% premium) and ₹512.20 on the NSE (about 160%) on 23 November 2021, against an issue price of ₹197.
How big was the Latent View IPO?
The issue was about ₹600 crore with a price band of ₹190 to ₹197 per share, and it was subscribed about 326 times by most accounts.
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Is the grey market price reliable?
No. The grey-market price before listing pointed to about ₹887, far above the actual listing price. It is an informal indication with no official sanction.
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