Latent View Analytics shares decline 17% in two sessions post anchor investors' lock-in expiry

Shares of Latent View Analytics corrected by 7% to Rs 497.70 per share on the BSE on Tuesday, a day after anchor investors' lock-in expiry ended. Shares of analytics services provider had already dipped by 10 per and touched lower circuit on the BSE on anchor investor's expiry day on Monday.  

On Tuesday around 1.15 pm, Latent View Analytics stocks witnessed spurt in volume by 2.61 times, however shares corrected by Rs 37.30.  Shares slipped nearly 10% in Tuesday's intraday trade as the stocks touched the day's low of Rs 486.65 per share on Tuesday.  

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Lock-in expiry of anchor investors in FSN Ecommerce Ventures, FINO Payments Bank, SJS Enterprises, PB Fintech, Sigachi Industries, One 97 Communications (Paytm), Sapphire Foods and Latent View Analytics had already expired this month. Tarsons Products and Go Fashion are two more stocks that will see anchor investors deadline to sell shares lifting this month.  

Last month, Latent View Analytics IPO became the most subscribed IPO in the history of Indian primary market, beating Paras Defence and Technologies. The analytics services provider IPO had scripted history when it clocked 326.47 times subscription against Paras Defence and Space Technologies Limited IPO's 304 times.    

As many as 10 IPOs mopped had up a whopping Rs 36,100 crore on aggregate in the last month, Edelweiss Alternative Research has said in its report. "December would test their staying power as those newly listed stocks’ lock-ins for anchor investors end, " the report had said.