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Latent View Analytics IPO is a book built issue of Rs 600.00 crores. The issue is a combination of fresh issue of Rs 474.00 crores and offer for sale of Rs 126.00 crores.
Latent View Analytics IPO bidding started from November 10, 2021 and ended on November 12, 2021. The allotment for Latent View Analytics IPO was finalized on Wednesday, November 17, 2021. The shares got listed on BSE, NSE on November 23, 2021.
Latent View Analytics IPO price band is set at ₹190 to ₹197 per share. The minimum lot size for an application is 76 Shares. The minimum amount of investment required by retail investors is ₹14,972.
The issue includes a reservation of up to 350,877 shares for employees offered at a discount of Rs 19 to the issue price.
Axis Capital Limited, Haitong Securities India Private Limited and ICICI Securities Limited are the book running lead managers of the Latent View Analytics IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Latent View Analytics IPO RHP for detailed information.
| IPO Date | November 10, 2021 to November 12, 2021 |
| Listing Date | November 23, 2021 |
| Face Value | ₹1 per share |
| Price Band | ₹190 to ₹197 per share |
| Lot Size | 76 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹600.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹474.00 Cr) |
| Offer for Sale | [.] shares of ₹1 (aggregating up to ₹126.00 Cr) |
| Employee Discount | Rs 19 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Latent View Analytics IPO offers 17,525,693 shares. 9,367,800 (53.45%) to QIB, 4,684,210 (26.73%) to NII, 3,122,806 (17.82%) to RII, 350,877 (2.00%) to employees. 41,089 RIIs will receive minimum 76 shares and (sNII) and (bNII) will receive minimum 1,064 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 9,367,800 (53.45%) | NA |
| NII (HNI) Shares Offered | 4,684,210 (26.73%) | |
| Retail Shares Offered | 3,122,806 (17.82%) | 41,089 |
| Employee Shares Offered | 350,877 (2.00%) | NA |
| Total Shares Offered | 17,525,693 (100%) |
Latent View Analytics IPO opens on November 10, 2021, and closes on November 12, 2021.
| IPO Open Date | Wednesday, November 10, 2021 |
| IPO Close Date | Friday, November 12, 2021 |
| Basis of Allotment | Wednesday, November 17, 2021 |
| Initiation of Refunds | Thursday, November 18, 2021 |
| Credit of Shares to Demat | Monday, November 22, 2021 |
| Listing Date | Tuesday, November 23, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 12, 2021 |
Investors can bid for a minimum of 76 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 76 | ₹14,972 |
| Retail (Max) | 13 | 988 | ₹194,636 |
| Lot Size Calculator | |||
Adugudi Viswanathan Venkatraman and Pramadwathi Jandhyala are the company promoters.
| Share Holding Pre Issue | 79.30% |
| Share Holding Post Issue |
Incorporated in 2006, Latent View provides analytics services such as data and analytics consulting, business analytics & insights, advanced predictive analytics, data engineering, and digital solutions. The company provides services to blue-chip companies in Technology, BFSI, CPG & Retail, Industrials, and other industry domains. The company classifies its business into - (i) Consulting services, which involves understanding relevant business trends, challenges, and opportunities and preparing a roadmap of data and analytics initiatives that addresses them; (ii) Data engineering, to design, architect, and implement the data foundation required to undertake analytics; (iii) Business analytics, which delivers analysis and insights for clients to make more accurate, timely and impactful decisions; and (iv) Digital solutions which the company develops to automate business processes, predict trends and generate actionable insights.
The company has a presence across countries in the United States, Europe, and Asia through their subsidiaries in the United States, Netherlands, Germany, United Kingdom, and Singapore, and their sales offices in San Jose, London, and Singapore. Latent View has worked with over 30 Fortune 500 companies in the last three fiscals and some of the key clients include Adobe, Uber Technology, and 7-Eleven.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 30-Jun-20 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 5,880.08 | 4,488.80 | 5,191.99 | 3,978.54 | 3,236.83 |
| Total Revenue | 917.43 | 823.81 | 3,267.08 | 3,296.72 | 2,959.03 |
| Profit After Tax | 223.14 | 228.04 | 914.63 | 728.45 | 596.65 |
[Dilip Davda] The company is in data analytics services and has created a niche place. It has been earning healthy margins on its contracts with many Fortune 500 companies globally. It may generate a first-mover fancy post listing. Data analysis is gaining momentum and thus this company has bright prospects ahead. Based on financial parameters, the issue appears fully priced. However, investors may consider investment for the medium to long term rewards. Read detail review...
The Latent View Analytics IPO is subscribed 326.49 times on November 12, 2021 5:00:00 PM. The public issue subscribed 119.44 times in the retail category, 145.48 times in the QIB category, and 850.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 94.91 times
| Category | Subscription (times) |
|---|---|
| QIB | 145.48 |
| NII | 850.66 |
| Retail | 119.44 |
| Employee | 3.87 |
| Total | 326.49 |
| Listing Date | November 23, 2021 |
| BSE Script Code | 543398 |
| NSE Symbol | LATENTVIEW |
| ISIN | INE0I7C01011 |
| Final Issue Price | ₹197 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹197.00 |
| ₹530.00 |
| ₹462.00 |
| ₹548.75 |
| ₹488.60 |
| NSE |
|---|
| ₹197.00 |
| ₹512.20 |
| ₹461.10 |
| ₹548.00 |
| ₹488.75 |
Latent View Analytics Limited
5th Floor, Neville Tower, Unit 6,7 and 8,
Ramanujan IT City, Rajiv Gandhi Salai, Taramani,
Chennai- 600113, Tamil Nadu, India
Phone: +91 044 4344 1700
Email: investorcare@latentview.com
Website: https://www.latentview.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: latentview.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Latent View Analytics IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹600.00 Crores. The issue is priced at ₹190 to ₹197 per share. The minimum order quantity is 76 Shares.
The IPO opens on November 10, 2021, and closes on November 12, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Latent View Analytics IPO using UPI as a payment gateway. Zerodha customers can apply in Latent View Analytics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Latent View Analytics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Latent View Analytics IPO opens on November 10, 2021 and closes on November 12, 2021.
Latent View Analytics IPO lot size is 76 Shares, and the minimum amount required is ₹14,972.
You can apply in Latent View Analytics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Latent View Analytics IPO will be done on Wednesday, November 17, 2021, and the allotted shares will be credited to your demat account by Monday, November 22, 2021. Check the Latent View Analytics IPO allotment status.
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