LatentView Analytics Limited IPO Detail
Incorporated in 2006, Latent View provides analytics services such as data and analytics consulting, business analytics & insights, advanced predictive analytics, data engineering, and digital solutions. The company provides services to blue-chip companies in Technology, BFSI, CPG & Retail, Industrials, and other industry domains. The company classifies its business into - (i) Consulting services, which involves understanding relevant business trends, challenges, and opportunities and preparing a roadmap of data and analytics initiatives that addresses them; (ii) Data engineering, to design, architect, and implement the data foundation required to undertake analytics; (iii) Business analytics, which delivers analysis and insights for clients to make more accurate, timely and impactful decisions; and (iv) Digital solutions which the company develops to automate business processes, predict trends and generate actionable insights.
The company has a presence across countries in the United States, Europe, and Asia through their subsidiaries in the United States, Netherlands, Germany, United Kingdom, and Singapore, and their sales offices in San Jose, London, and Singapore. Latent View has worked with over 30 Fortune 500 companies in the last three fiscals and some of the key clients include Adobe, Uber Technology, and 7-Eleven.
Competitive Strengths:
- One of the leading pure-play data analytics companies in India
- Extensive experience across a range of data and analytics capabilities
- Blue-chip clients across industries and geographies
- Focus on innovation and R&D
- Scalable and attractive financial profile
- Strong, experienced leadership team
Company Promoters
Adugudi Viswanathan Venkatraman and Pramadwathi JandhyalaIPO Details
| IPO Opening Date | Nov 10, 2021 |
| IPO Closing Date | Nov 12, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹190 - 197 per equity share |
| Market Lot | 76 Shares |
| Min Order Quantity | 76 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹600.00 Cr |
| Fresh Issue | ₹474.00 Cr |
| Offer for Sale | ₹126.00 Cr |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.15x | - | - | 2.42x | 31.62x | 6.39x |
| Day 2 | 1.55x | - | - | 30.07x | 62.90x | 20.11x |
| Day 3 | 145.48x | - | - | 850.67x | 119.01x | 326.41x |
IPO Tentative Timetable
The LatentView Analytics Limited IPO open date is Nov 10, 2021, and the close date is Nov 12, 2021. The issue may list on Nov 23, 2021.
| IPO Open Date | Nov 10, 2021 |
| IPO Close Date | Nov 12, 2021 |
| Basis of Allotment Date | Nov 16, 2021 |
| Initiation of Refunds | Nov 17, 2021 |
| Credit of Shares to Demat Account | Nov 18, 2021 |
| IPO Listing Date | Nov 23, 2021 |
IPO Lot Size
The LatentView Analytics Limited IPO market lot size is 76 shares. A retail-individual investor can apply for up to 13 lots (988 shares or ₹194636).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 76 | ₹14972 |
| Maximum | 13 | 988 | ₹194636 |
IPO Promoter Holding
| Pre Issue Share Holding | 79.30% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 519 | 327 | 91.46 |
| 31-Mar-20 | 398 | 330 | 72.85 |
| 31-Mar-19 | 324 | 296 | 59.67 |
Objects of the Issue:
- Funding inorganic growth initiatives;
- Funding working capital requirements of Latent View Analytics Corporation, company’s material subsidiary;
- Investment in subsidiaries to augment their capital base for future growth; and
- General corporate purposes
