LatentView Analytics Limited IPO
Incorporated on January 3, 2006, in Chennai, Tamil Nadu, LatentView Analytics is one of India’s leading pure-play data analytics services companies. It helps companies in digital transformation by helping them to combine digital and traditional data.
The firm engages and provides services to several blue-chip companies in Technology, BFSI, CPG & Retail, Industrials and other industries. The firm emerged as one of the most trusted partners to several Fortune 500 companies and have worked with almost 30 Fortune 500 companies in the last three fiscals. Some of its key clients are Adobe, Uber Technology and 7-Eleven.
The company classified its business into (i) Consulting services that aimed at helping organizations identify the relevant business trends, understand the challenges and opportunities, and prepare a roadmap of data and analytics to capitalize on the opportunities. (ii) Data engineering helps organizations build data platforms that gather data from multiple sources within and outside the enterprise. (iii) Business analytics play a crucial role in formulating ways to improve business strategies and operations and make intelligent data-driven decisions that lead to a competitive advantage. (iv) Digital solutions that have proven successful in automating business processes, predicting trends, and generating actionable insights.
Qualitative Factors
- Recognized as a leader in analytics and a Strong Performer in Customer Analytics Service Providers.
- Well established relationships with blue-chip clients across industries and geographies.
- Consistent client-driven innovation supported by functional expertise.
- Strong track record of revenue growth and profitability.
- Led by a strong leadership team with a track record of strong performance and significant market expertise.
Objects of the Offer
- Funding its inorganic growth initiatives through acquisitions and other strategic initiatives.
- Funding working capital requirements of its Material Subsidiary, LatentView Analytics Corporation.
- To augment the capital base of certain of its subsidiaries for future growth.
- General corporate purposes.
Financials of LatentView Analytics Limited
| Parameter (₹ in million) | FY21 | FY20 | FY19 |
| Total Assets | 5,191.99 | 3,978.54 | 3,236.83 |
| Total Revenue | 3,267.08 | 3,296.72 | 2,959.03 |
| Profit for the year | 914.63 | 728.45 | 596.65 |
Comparison with Listed Peer
| Name of the Company | Income for FY21 | PE | EPS | RoNW (%) |
| LatentView Analytics Ltd | 3,267.08 | 36.82 | 5.35 | 20.89 |
| Happiest Minds Technologies Ltd | 7,976.5 | 118.02 | 11.45 | 29.76 |
LatentView Analytics IPO Issue Details
| Issue Open | 10 Nov 2021- 12 Nov 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | [.] equity shares of ₹ 1 (aggregating up to ₹ 600 Cr) |
| Fresh Issue | [.] equity shares of ₹ 1 (aggregating up to ₹ 474 Cr) |
| Offer for Sale | [.] equity shares of ₹ 1 (aggregating up to ₹ 126 Cr) |
| Face Value | ₹ 1 per equity share |
| Issue Price | ₹ 190 to ₹ 197 per equity share |
| Market Lot | 76 shares |
| Min Order Quantity | 76 shares |
| Listing At | BSE, NSE |
| Allotment Date | 17 Nov 2021 |
| Listing Date | 23 Nov 2021 |
LatentView Analytics IPO Bid Details
| Sl No. | Category | Subscription Status (No. of times) | ||
| 10 Nov 21 | 11 Nov 21 | 12 Nov 21 | ||
| 1. | QIB | 0.15 | 3.51 | 148.48 |
| 2. | NII | 2.42 | 33.29 | 850.66 |
| 3. | RII | 31.62 | 69.56 | 119.44 |
| 4. | Employee | 1.24 | 2.61 | 3.87 |
| Total | 6.39 | 23.22 | 326.49 | |
| Book Running Lead Managers |
| 1. Axis Capital Limited |
| 2. ICICI Securities Limited |
| 3. Haitong Securities India Private Limited |
| Registrar to the Offer |
| Link Intime India Private Limited |
| C-101, 1st Floor 247 Park Lal Bahadur Shastri Marg Vikhroli (West) Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: latentview.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance e-mail: latentview.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
Registered and Corporate Office: 5th Floor, Neville Tower, Unit 6,7 and 8, Ramanujan IT City, Rajiv Gandhi Salai, Taramani, Chennai- 600113, Tamil Nadu, India; Tel: +91 044 4344 1700
Source: LatentView Analytics Limited DRHP
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