Latent View Analytics IPO Date Price GMP Details

Latent View Analytics IPO Date Price GMP Details

Chennai based data analytics firm Latent View Analytics Ltd. (LVAL), is coming up with an IPO to raise Rs. 600cr, which opens on 10th Nov. and closes on 12th Nov. 2021. The price band of Latent View Analytics Ltd is Rs. 190 - 197 per share. The issue is a combination of fresh and OFS. The company will not receive any proceeds from the OFS part of the issue. Of the net proceeds from the fresh issue, Rs. 148cr will be used for funding inorganic growth initiatives; Rs. 82cr will be utilized to fund the working capital requirement of its material subsidiary; and Rs. 130cr will be invested in subsidiaries. Residual funds will be used for general corporate purposes.

Competitive Strengths:

  • One of the leading pure-play data analytics companies in India
  • Extensive experience across a range of data and analytics capabilities
  • Blue-chip clients across industries and geographies
  • Focus on innovation and R&D
  • Scalable and attractive financial profile
  • Strong, experienced leadership team

Company Promoters:

Adugudi Viswanathan Venkatraman and Pramadwathi Jandhyala are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

  • Funding inorganic growth initiatives;
  • Funding working capital requirements of Latent View Analytics Corporation, company’s material subsidiary;
  • Investment in subsidiaries to augment their capital base for future growth; and
  • General corporate purposes

Latent View Analytics IPO Details

IPO Opening Date Nov 10, 2021
IPO Closing Date Nov 12, 2021
Issue Type Book Built Issue IPO
Face Value ₹1 per equity share
IPO Price ₹190 to ₹197 per equity share
Market Lot 76 Shares
Min Order Quantity 76 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹1
(aggregating up to ₹600.00 Cr)
Fresh Issue [.] Eq Shares of ₹1
(aggregating up to ₹474.00 Cr)
Offer for Sale [.] Eq Shares of ₹1
(aggregating up to ₹126.00 Cr)
Employee Discount 19

Latent View Analytics IPO Tentative Timetable

The Latent View Analytics IPO open date is Nov 10, 2021, and the close date is Nov 12, 2021. The issue may list on Nov 23, 2021.

IPO Open Date Nov 10, 2021
IPO Close Date Nov 12, 2021
Basis of Allotment Date Nov 17, 2021
Initiation of Refunds Nov 18, 2021
Credit of Shares to Demat Account Nov 22, 2021
IPO Listing Date Nov 23, 2021

Latent View Analytics IPO Lot Size

The Latent View Analytics IPO market lot size is 76 shares. A retail-individual investor can apply for up to 13 lots (988 shares or ₹194,636).

Application Lots Shares Amount (Cut-off)
Minimum 1 76 ₹14,972
Maximum 13 988 ₹194,636

Latent View Analytics IPO Promoter Holding

Pre Issue Share Holding 79.30%
Post Issue Share Holding

 

Valuation and Outlook

Thus considering the bright future and attractive valuations, we assign a “SUBSCRIBE” rating for the issue.