Latent View Analytics IPO Review 2021: Latent View Analytics will be the third company to go public this week. The IPO will be open from November 10th and close on November 12th. The company aims to raise Rs. 600 Cr through the public offering.
In this article, we look into important information on the Latent View Analytics IPO. We also will find out the possible prospects of the company. Keep reading to find out!
About the Company
Founded in 2006, Latent View Analytics is a data analytics firm. The company uses data and analytics to provide solutions to help companies take better decisions, prepare roadmaps for the future etc. They provide services like data and analytics consulting, business analytics & insights, advanced predictive analytics, data engineering, and digital solutions.
The company classifies its business into 4 verticals. The first is Consulting services. Here the company provides consulting services to their clients by analysing the current business trends, the opportunities and threats based on which they provide a roadmap based on their analysis to help their clients reach their goal. The second vertical of the business includes data engineering.
This is undertaken to design, architect and implement a data foundation. This is in turn used to undertake analytics. The third vertical of the company’s business is Business Analytics. Here the company delivers analysis and insights for clients to aid their decision making. The fourth vertical of the business includes providing digital solutions. Here the company helps companies automate their business among various other services.
Latent View Analytics serves clients globally. The company has clients across the US, Europe, Asia. They do this through their subsidiaries present in the US, Singapore, Germany, UK and Netherlands. The company’s clients include blue-chip companies across various sectors like tech, retail, BFSI etc. Some of their notable clients include Adobe, Uber and 7-Eleven. Over the last 3 years, the company has worked for over 30 Fortune 500 companies.
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Grey Market Information
The shares of Latent View traded at a 110% premium in the grey market before the IPO. The shares are traded at a price of Rs.400. This gives it a premium of Rs 210 over the issue price band of Rs 190-197 per share.
Key IPO Information
The promoters of the company include Adugudi Viswanathan Venkatraman and Pramadwathi Jandhyala. Axis Capital, ICICI Securities and Haitong Securities India have been appointed as the book running lead managers to the issue. Link Intime India Pvt Ltd has been appointed as the registrar to the issue.
| Particular | Details |
|---|---|
| IPO Size | ₹600.00 Cr |
| Fresh Issue | ₹474.00 Cr |
| Offer For Sale(OFS) | ₹126.00 Cr |
| Opening Date | Nov 10, 2021 |
| Closing Date | Nov 12, 2021 |
| Face Value | ₹1 per equity share |
| Price Band | ₹190 to ₹197 |
| Lot Size | 76 Shares |
| Minimum Lot Size | 1 |
| Maximum Lot Size | 13 |
| Listing Date: | Nov 22, 2021 |
Purpose of the IPO
The funds raised from the IPO will be used for the following purposes:
- Fund inorganic growth
- Fund their working capital requirements and also of its subsidiaries
- Invest in their subsidiaries
- Other general corporate purposes.
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In Closing
In this post, we covered the Latent View Analytics IPO Review 2021. The Initial Public Offering opens on November 10th and closes on November 12th.
For retail investors, it can be a good opportunity to look into the company’s future prospects and apply for the IPO if they believe in the products and growth prospects of the company.
Do let us know what you think of the Latent View Analytics IPO review 2021. Are you planning to apply for this IPO or not? Comment below. Cheers!
Aron, Bachelors in Commerce from Mangalore University, entered the world of Equity research to explore his interests in financial markets. Outside of work, you can catch him binging on a show, supporting RCB, and dreaming of visiting Kasol soon. He also believes that eating kid’s ice-cream is the best way to teach them taxes.
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