IPO

Latent View Analytics Limited IPO : Company Info. And Financial Data

Latent View Analytics Limited initiated its business operations in 2006. The company performs analytical services for various companies for estimation of the company’s success according to their plans. In other words it performs analysis based on the company’s data for its future plans to know the probability of success. It also provides services such as data consulting, digital solutions and data engineering. The company has its business operations spread across multiple continents. Its client base includes Fortune 500 companies such as 7-Eleven, Adobe etc.

IPO DETAILS

Latent View Analytics Limited IPO is set to launch on 10th Nov., 2021. The subscription timeline extends till 12th Nov, 2021. The size for the IPO is 600 Crore Rs.. Shares issued through Fresh Issue are worth Rs. 474 Crore. Shares issued through Offer for Sale are worth Rs. 126 Crore. The lot size is 12 shares and the price range is 190 Rs. – 197 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Re.1 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	10th Nov, 2021
CLOSING DATE FOR IPO	12th Nov, 2021
ISSUE TYPE	Book Built Issue
Face Value per share	1 Re. per share
IPO price band	190 Rs. – 197 Rs.
LOT SIZE	76 shares
MINIMUM ORDER QUANTITY	76 shares
ISSUE SIZE	600 Crore Rs.
OFFER FOR SALE	126 Crore Rs.
FRESH ISSUE	474 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	23rd Nov, 2021

IMPORTANT DATES

IPO OPENING DATE	10th Nov, 2021
CLOSING DATE FOR IPO	12th Nov, 2021
IPO ALLOTMENT DATE	17th Nov, 2021
REFUNDS	18th Nov, 2021
DEMAT A/C CREDITED ON	22nd Nov, 2021
IPO LISTING DATE	23rd Nov, 2021

The Latent View Analytics Limited IPO begins for subscription from 10th Nov, 2021. The IPO subscription would continue till 12th Nov, 2021. The allotment status for the shareholders who applied would come on 17th Nov, 2021. The refunds for the ones who did not get allotment would be initiated on 18th Nov, 2021. The DEMAT accounts of shareholders would be credited on 22nd Nov, 2021. The listing of the company would be accompanied on 23rd Nov, 2021.

Lead Managers And Promoters

The lead managers are :

Haitong Securities India Private Limited
ICICI Securities Limited
Axis Capital Limited

The promoters for the Company are Pramadwathi Jandhyala and Adugudi Viswanathan Venkatraman.

The minimum lot size for the company is decided at 76 shares. This holding accounts to 14972 Rs.. The maximum lot size is decided at 988 shares. This amounts to Rs. 194636. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	76 shares	14972 Rs
Maximum	988 shares	194636 Rs

OBJECTIVES FOR THE IPO

The funds can be utilized for General corporate purposes.
For Inorganic growth of the company.
Completion of working capital requirements for the company’s future plans.

COMPANY FINANCIALS

Particulars (in Million Rs.)	2020-21	2019-20	2018-19
ASSETS	5191	3978	3236
REVENUE	3267	3296	2959
NET PROFIT	914	728	596

The company’s assets have been increasing at a high speed. The increase is at almost 2000 Crore Rs in the past 3 years. However the revenues of the company haven’t been that active. The revenue has been beaten down due to the COVID situation. However the profits of the company have increased. This signals a strong profit margin from the company. This also enlightens the company’s stability for earning over a pandemic as well. However one can expect a growth in the next 2 years. Till then the company would get back and recover from the COVID loss of revenue. One can invest in this company given its high GMP and its stable financials.

PROS

The company’s major pro is its client base. It has been working with more than 30 Fortune 500 Companies.
The assets of the company are increasing and the effect is also seen in its profits. The margin for profits is huge for the company which makes it more attractive for investors in the long run.
Business operations across multiple continents in the world.

CONS

Stagnant revenue stream is noticeable. The company’s revenue has been stable since the last 2 years. This means that the COVID has impacted its business operations as well. However one can expect a bounce back in the next 2 years to come.