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.
Latent View Analytics Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Latent View Analytics Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
