Latent View Analytics IPO’s gray market signifies over 100% premium


  • Information analytics companies firm Latent View Analytics’ IPO will open on November 10 and shut on November 12.
  • The corporate is seeking to increase ₹600 crore via public itemizing.
  • The gray market premium of the corporate’s shares present over 100% i.e ₹210 per share.

Information analytics companies firm Latent View Analytics preliminary public providing (IPO) is already in search of a whole lot of investor consideration with its one in all its variety enterprise mannequin and powerful gray market premium.

The IPO of the corporate will open on November 10 and shut on November 12.

Latent View Analytics is seeking to increase ₹600 crore via the general public itemizing of shares. The IPO includes a contemporary concern of ₹474 crore and a proposal on the market of ₹126 crore by present shareholders and promoters.

The gray market premium of the corporate’s shares present about 106% premium, which is ₹210 per share, indicating a possible sturdy demand for the problem, in accordance with
Mint.

Worth band of the IPO is about at ₹190 to ₹197 per share. Buyers making use of for one lot of IPO could get 76 shares.

The 15-year previous firm supplies analytics companies reminiscent of knowledge and analytics consulting, enterprise analytics and insights, superior predictive analytics, knowledge engineering, and digital options. It supplies companies to blue-chip corporations in know-how, banking, monetary companies and insurance coverage (BFSI), shopper packaged items (CPG) corporations and retail, industrials, and different trade domains.

The corporate will utilise web proceeds from contemporary concern of the IPO into inorganic progress initiatives, working capital necessities of subsidiary Latent View Analytics Company and funding in subsidiaries to enhance the capital base.

The corporate has a presence throughout nations in america, Europe, and Asia via their subsidiaries in america, Netherlands, Germany, United Kingdom, and Singapore, and their gross sales places of work in San Jose, London, and Singapore. It will get 92% of its revenues from the US, 1.85% from UK, 1.41% from Netherlands and three.86% from the remainder of the world.

Flourish chart/DRHP

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