Latent View Analytics IPO - Listing Day Performance

Latent View Analytics had a very strong listing on 23rd November, listing at a premium of 160%. While the stock did show higher levels in early trades, the price tapered towards the end of the day.

While the closing price was lower than the listing price, it still closed at a substantial premium to the IPO issue. With overall subscription of 326.49X and solid trading interest in GMP market, the listing was expected to be strong.
 

Here is the Latent View Analytics listing story on 23-Nov.

The IPO price was fixed at the upper end of the band at Rs.197 considering the 326.49X subscription. The price band for the IPO was Rs.190 to Rs.197. On 23rd Nov, the stock of Latent View Analytics listed on the NSE at a price of Rs.512.20, a premium of 160% above the issue price of Rs.197.

On the BSE also, the stock listed at Rs.530 a premium of 169% on the IPO issue price.

On the NSE, Latent View Analytics IPO closed on 23-Nov at a price of Rs.487.95, a first day closing premium of 147.69% on the issue price. On the BSE, the stock closed at Rs.488.60, a first day closing premium of 148.02% on the IPO issue price.

On both the stock exchanges, the stock of Latent View Analytics not only listed above the IPO issue price but closed Day-1 well above IPO price.

On Day-1 of listing, Latent View Analytics touched a high of Rs.548 on the NSE and a low of Rs.461.10. The premium held through the day. On Day-1 of listing, the Latent View Analytics stock traded a total of 288.24 lakh shares on NSE amounting to value of Rs.1,442.63 crore.

Check - Latent View Analytics IPO - Subscription Day 3

On 23-Nov, Latent View was the sixth most active share on NSE by traded value. It ranked sixteenth on the NSE by trading volumes (number of shares traded).

On the BSE, Latent View Analytics touched a high of Rs.548.75 and a low of Rs.462. On BSE, the stock traded a total of 20.73 lakh shares amounting to value of Rs.104.47 crore. It was the fifth most active share on the BSE in terms of trading value.

At the close of Day-1 of listing, Latent View Analytics had a market capitalization of Rs.9,665.21 crore with free-float market cap of Rs.869.87 crore.

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