Latent View Analytics IPO: Listing Date and What GMP Indicates

Secret View IPO GMP

LatentView Analytics IPO Gray Market Premium (GMP) Today, According to Market Observers 360, which is 30 over your yesterday’s gray market premium 330. Market observers say that the late view gray market price has remained above the last one week 300 indicating the strong listing expected by the gray market. He further added that the market sentiment is negative and amidst such a sluggish market, an increase in Secret View IPO GMP is a good sign.

What does this GMP mean?

Market observers said the gray market premium is nothing but an expected listing premium in the gray market. Today’s IPO is GMP as Latent View 360, it simply means that latent view shares are expected to be listed in the gray market 557 ( 197+ 360), which is about 182 percent higher than its price band 190 to 197 per equity share. Hence, the gray market is expecting a ‘stellar start’ for Latent View Analytics shares tomorrow.

Which balance sheet of Latent View Analytics is recommended; Aastha Jain, Research Analyst, Hem Securities said, “The company is bringing this issue at the price band. Post issue FY21 EPS (earnings per share) of 38 at P/E multiplier of Rs 190-197 per share. The company has recognized leadership positions in data and analytics with a wide range of capabilities and has deep and strong relationships with blue chip customers across industries and geographies. We love the company’s scalable and attractive financial profile with strong leadership team guiding capability development and go-to-market strategy.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.