Latent View Analytics IPO: What does GMP indicate as all eyes are on share listing date

Secret View IPO GMP

LatentView IPO Gray Market Premium (GMP) Today, According to Gray Market Observers 230, which is 15 less than yesterday’s GMP 345. However, he added that the public issue has been able to maintain its premium in the gray market at a level which reflects the strong listing of the public issue. He said LatentView Analytics IPO gray market value has been up 300 since the announcement of the share allotment. Hence, one can conclude that the gray market is pointing to a ‘dream debut’ of LatentView Analytics stocks in the Indian markets.

What does this GMP mean?

Market observers say the GMP signals are expected to gain listing from the public issue. As in, LatentView Analytics IPO GMP is on today 330, indicating that the gray market is expecting Latent View Analytics share listing to be approx. 527 ( 197+ 330), which is about 165 percent higher than its price band 190 to 197 per equity share. Therefore, the gray market share is expecting a listing profit of 165 percent on the date of listing.

Speaking on the fundamentals of Latent Visual Analytics; 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.