Latent View shares locked in 10% lower circuit on anchor investors' lock-in expiry day

Shares of Latent View Analytics were trading at a 10 per cent discount on anchor investor's expiry day in the early trade on the BSE on Monday. Latent View shares were locked in lower circuit of 9.99% at Rs 535, down Rs 59.40 per share.  

After opening at Rs 586 in Monday’s intraday trade, shares of this analytics services' provider corrected 10 per cent, while it has dipped nearly 14% in the last 5 trading sessions on the BSE, as per Stock Edge, an app to analyse NSE, BSE data.  

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

See Zee Business Live TV Streaming Below:

Latent View Analytics IPO has seen a dream debut on the exchanges last month when the shares of the company were listed on the BSE at 169% premium. Shares of analytics services provider were listed at Rs 530 per share against its issue price of Rs 197 per share. This was Rs 333 gain per share for those who got Latent View Analytic share allotment.
In November, as many as 10 IPOs mopped up a whopping RS 36,100 crore on aggregate, 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.

Earlier on November 12, the analytics services provider scripted history when it clocked 326.47 times subscription to surpass surpassed Paras Defence and Space Technologies Limited IPO and become the India's highest bid after offer ever. In late September 2021, Paras Defence and Space Technologies Limited IPO had emerged as the most subscribed IPO after it piped Salasar Techno by being subscribed over 304 times.  

Who is an anchor investor?    
As per the Ministry of Corporate Affairs, a Qualified Institutional Buyer (QIB) is an anchor investor, who make an application of a value of at least Rs 10 crore in a public issue. There shall be a lock-in of 30 days on the shares allotted to the anchor investor from the date of allotment in the public issue.  
Allocation to anchor investors shall be on a discretionary basis and subject to the conditions laid down by the ministry and the Securities Exchange Board of India (SEBI).