Latent View had a fantastic debut; the confidence was a bit shaken after the Paytm listing but looks like all is well.
The stock got listed on the BSE at Rs.530 v/s the IPO price of Rs.197 and went up further to Rs.548.75. It is now trading at Rs.479 levels.
The IPO was subscribed by a huge 326.49 times, with HNIs portion getting subscribed over 850 times. QIBs portion was subscribed 145.48 times and retail investors by 119.44 times.
In our IPO Analysis, we had concluded, “Given high growth potential, Latent View can be looked at for listing gains, albeit in moderation due to small cap status. Having said that, quarterly financial performance post-listing will determine if share qualifies for long term portfolio holding.”