Latent View IPO Subscription Status: Final
Latent View Analytics Limited is one of the leading pure-play data analytics services companies in India. 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.
| Investor Category | Quota | Subscription |
|---|---|---|
| Institutional (QIB) | 50% | 145.48x |
| Non-Insti. (HNI) | 15% | 850.66x |
| Retail (RII) | 35% | 119.44x |
| Employee | 3.87x | |
| Total Subscription | 100% | 326.49x |
Latent View IPO Subscription: Analyst Recommendations
CHOICE BORKING – SUBSCRIBE [ Report ]
“At a higher price band of Rs. 197, LVAL is demanding a P/E multiple of 42.8x, which is at a significant discount to its sole peer company. However, the demanded valuation is at a premium to sector P/E multiple. We feel in the future there will be a great demand for pure-play analytics companies like LVAL, which is engaged in providing analytics services, offering an in-depth understanding of solving complex customer problems, and assisting business entities in making an informed decision.”
ANGEL ONE – SUBSCRIBE
“Latent View provides niche solutions which are mostly in the Descriptive and Diagnostic solutions and Predictive analytics segments. These are expected to grow faster than the overall Data & Analytics market. The company is raising fresh capital and already has around ₹300 crore in cash which can aid in chasing growth. Hence on a forward basis, the valuations are quite attractive and hence we recommend SUBSCRIBE on the issue,”
RELIGARE BROKING – SUBSCRIBE
“We believe Latent view has distinctive product offerings, relevant experience and capabilities to manage customers which aid in driving the company’s revenue and operating efficiencies. On the financial front, the company’s performance is decent. From a long term perspective, we have a positive view on the company”
Latent View IPO Subscription: End of Day Update
| Day | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.15x | 3.51x | 145.48x |
| HNI | 2.42 |