Latent View Analytics’ initial public offering ,which opened for public subscription on Wednesday, witnessed a massive demand from investors.
The IPO comprises fresh issue of equity shares worth ₹474 crore and an offer of sale of equity shares to the tune of ₹126 crore by a promoter and existing shareholders.
“We believe Latent view has distinctive product offerings, relevant experience and capabilities to manage customers which aid in driving the company’s revenue and operating efficiencies.
Hence on a forward basis, the valuations are quite attractive and hence we recommend SUBSCRIBE on the issue,” said Milan Desai, Lead Equity Analyst, Angel One Ltd.