Strong retail, HNI interest in Latent View, IPO subscribed 23x on Day-2

QIBs portion subscribed 3.5 times, wealthy investor portion 33.3 times; retail quota has already garnered 70x

The IPO of Latent View Analytics, a data analytics services company, has garnered 23 times subscription a day before its close. The Qualified Institutional Buyers (QIBs) portion of the issue is subscribed 3.5 times, wealthy investor portion 33.3 times and retail quota has already garnered 70 times subscription. The price band for the IPO is Rs 190-197 per share. The IPO comprises Rs 474 crore fresh fund raise and Rs 126 crore offer for shale. “Considering the FY21 adjusted EPS of Rs 4.6 on post issue basis, the company is going to list at a P/E of 42.83 times with