Latent View Analytics Limited IPO Details

Dates, Price band, Lot size, Risks, Review and broker recommendations etc.
latent-view-IPO

Latent View IPO: Key Details

  • Grey Market Premium (GMP) today: 110 – 120

Note: We neither trade nor encourage our readers to trade in the Grey Market. We share the GMP information for educational purposes only, so that, you can make an informed decision.

Company Information

Latent View Analytics Limited is one of the leading pure-play data analytics services companies in India based on expertise in the entire value chain of data analytics from data and analytics consulting to business analytics and insights, advanced predictive analytics, data engineering, and digital solutions.

They engage and provide services to bluechip companies in Technology, BFSI, CPG & Retail, Industrials and other industries. They have emerged as one of the most trusted partners to several Fortune 500 companies in recent years, and have worked with over 30 Fortune 500 companies in the last three Fiscals. Some of the key clients include Adobe, Uber Technology, and 7-Eleven.

As an analytics provider with capabilities across business functions, they engage with several key stakeholders within client organizations, including CFOs for finance and risk analytics, CMOs for marketing insights, CHRSs for HR analytics, CSCO for supply chain analytics, further strengthening client relationships across multiple touchpoints.

Competitive Strengths

  • Recognized leadership position in data and analytics with a wide range of capabilities
  • Deep and entrenched relationships with blue chip clients across industries and geographies
  • Consistent client driven innovation supported by functional expertise
  • Scalable and attractive financial profile
  • Strong leadership team guiding capability development and go-to-market strategy

Company Strategy

  • Leverage leadership position and partnerships with leading analytics technology companies to capitalize on growing industry opportunities
  • Continue evolution to analytics thought partner on the back of deep business, technical, math and consulting expertise
  • Strengthen position among technology clients by focusing on digital native businesses
  • Build capabilities and functional expertise with a focus on the BFSI, and CPG & Retail verticals
  • Expand client base and geographic presence
  • Strengthen position globally through select inorganic opportunities

Proceeds from Latent View IPO will be used to:

  • Funding inorganic growth initiatives;
  • Funding working capital requirements of LatentView Analytics Corporation, its Material Subsidiary;
  • Investment in Subsidiaries to augment their capital base for future growth; and
  • General corporate purposes

Latent View IPO: Financials

201920202021 Mar2021 Jun
Revenue from Ops₹287.9₹310.4₹305.9₹87.8
Profit before Excep*₹70.5₹90.2₹115.9₹28.6
Profit after Tax59.7₹72.8₹91.5₹22.3
EPS (Basic)3.524.285.351.30
*Tax and Exceptional Items | ₹ in Crores, except EPS

As of March 2020EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS4.6940.52 42.00
* Weighted Average for last 3 years

Latent View IPO: Comparison with listed industry peers

CompanyEPSP/E
Latent View5.7540.52
Happiest Minds11.75118.02

Latent View IPO Dashboard

Issue Details

TypeValue
Issue Size600 Cr
Fresh Issue474 Cr
Offer for Sale126 Cr
Face Value₹1/- per Equity Share
IPO Price₹190 – ₹197
Lot Size76 shares
LotsMin 1 – Max 13

Key Dates

Date TypeDate
Bid Open10/11/2021
Bid Close12/11/2021
Allotment Finalization17/11/2021
Initiation of Refunds18/11/2021
Credit of Shares22/11/2021
Listing Date23/11/2021

Lot Size and Price

LotsSharesAmount
176₹14,972
13988₹1,94,636

Promoter Group Holding

HoldingPercentage
Pre-Issue79.30%
Post-Issue-%

Latent View IPO: Investor Quota and Shares Offered

Investor TypeQuotaShares on Offer
QIB50%93,67,800
NII15%46,84,210
RII (Retail)35%31,22,806
Employee3,50,877
Total100%1,75,25,693

Latent View IPO: Risks

  • Limited number of clients account for a substantial portion of the revenue
  • They derive more than 90% of revenues from clients located in the United States and any adverse developments in this market could adversely affect business.
  • Inability to derive benefits from investment in few of the subsidiaries to augment their capital base for future growth
  • The business depends on the ability to remain updated with new technologies and continue to develop digital solutions to address the needs of clients, failing which business and results of operations could suffer
  • If the market for their services develops more slowly than expected, it may hamper the ability to grow as anticipated, and the business, financial condition, and results of operations could be adversely affected

For complete internal and external risk factors, you can refer to the RHP of the company.

Latent View IPO: Registrar and Lead Managers

Registrar of the Issue

Link Intime

C-101, 247 Park
L B S Marg, Vikhroli (West)
Mumbai 400 083
Maharashtra, India

Phone: +91 22 4918 6200
Email: [email protected]

Lead Managers of the Issue

Axis Capital Limited
ICICI Securities Limited
Haitong Securities India Private Limited

Phone: +91 22 6630 3030
Email: [email protected]

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