IGI Logo

Below is quote on Latent IPO listing view by Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd

It is another stellar listing after a disappointment from Paytm that Indicates the market is ready and has an appetite to reward quality IPOs. The Latent view is a data analytics company and this industry is likely to grow by18-20% for the next 3 years. The strong part of the company is that it will be one of its kind listed company, experienced management, and quality corporate governance practices. It has a strong client base from fortune 500 but there is concentration risk because 55% of its revenue comes from the top 5 clients. Revenue growth has been muted for this company however it has a strong margin with more than 20% ROE. The overall outlook is bullish but the valuations look expensive after a strong listing. Long-term investors should hold this company into their portfolio while those who played for listing gain should keep a stop loss at 490.

Above views are of the author and not of the website kindly read disclaimer