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:
| 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.
