Latent View Analytics IPO: What should investors do with stocks post strong listing?

Latent View Analytics stocks made a strong listing on exchanges on Tuesday. Shares of Latent View Analytics were listed on BSE at 169% premium on Tuesday. Analytics services provider shares gained Rs 333 per share against issue price of Rs 197 to list on Rs 530 apiece on BSE.  

At around 11.08 am, Latent View Analytics stocks were trading at discount of 7% on its listing price. The stocks were trading at Rs 492.25, down Rs 37.75, but with a gain of Rs 295.25 per share on issue price.  

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Earlier on November 12, the analytics services provider scripted history when it clocked 326.47 times subscription. Against issue size of 1,75,25,703 shares, bids were made for whooping 5,72,14,30,100 shares. Non-Institutional Investors topped the bidding with 850.66 times subscription.

Also Read: Latent View Analytics stocks list at 169% premium on BSE, investors richer by Rs 333 per share 

The company saw a bumper response from the investors, where the IPO got subscribed 326 times, said Parth Nyati, Founder, Tradingo.  "The issue was priced at 37x at the upper price band of Rs 197. However, eyeing the bumper response from the investors, the company got listed at Rs 512 on NSE with a gain of 160%," he said.  

What should investors do post listing?  

The analyst recommended to hold the stock with long-term view." The investors who got the allotment can put a stop loss of Rs 450 and hold the stock with a long-term view, while the new investors should look for a dip to buy the stock," said Parth Nyati. 

Shri Venkat Vishwanathan, Chairman, @latentview, Shri Rajan Sethuraman, CEO, @latentview along with Shri @ashishchauhan, MD&CEO, @BSEIndia and Others Ringing the Opening Bell to mark the Listing of Latent View Analytics Limited on 23rd November, 2021 at @BSEIndia pic.twitter.com/gikbGVNThd

— BSE India (@BSEIndia) November 23, 2021

Talking about its uniqueness, the analyst said It is the first of its kind to get listed in the Indian stock market with no apple-to-apple peers. It has a first-mover advantage, which is backed by strong management and fundamentals with increasing margins, said Parth Nyati.  

"There is a risk of revenue concentration and the revenue growth has been muted in the last three years. However, the industry is expected to grow at a CAGR of 15-20% in the next 3 years which will aid the company's revenue." 

Anil Singhvi take on Latent View stocks 

Earlier, Zee Business Managing Editor Anil Singhvi has hit bulls' eye with his prediction on Latent View listing. While strongly recommending this issue, Singhvi on Tuesday said that the initial public offering (IPO) of analytics services provider is expected to be listed around Rs 500 per share against issue price of Rs 197 a share. He advised short term Investors to keep stoploss of Rs 450 and keep trailing. 

(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)