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LatentView Analytics Limited IPO Detail

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 Jandhyala

IPO Details

IPO Opening DateNov 10, 2021
IPO Closing DateNov 12, 2021
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price ₹190 - 197 per equity share
Market Lot76 Shares
Min Order Quantity76 Shares
Listing AtBSE, NSE
Issue Size₹600.00 Cr
Fresh Issue₹474.00 Cr
Offer for Sale₹126.00 Cr
Retail Portion -

IPO Subscription (Bidding Detail)

Day 1 0.15x 2.42x 31.62x 1.24x - 6.39x
Day 2 1.55x 30.07x 62.90x 2.11x - 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 DateNov 10, 2021
IPO Close DateNov 12, 2021
Basis of Allotment DateNov 16, 2021
Initiation of RefundsNov 17, 2021
Credit of Shares to Demat AccountNov 18, 2021
IPO Listing DateNov 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding79.30%
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