Bookbuilding IPO | ₹600 Cr | Listed at BSE, NSE | Wed, Nov 10, 2021 - Fri, Nov 12, 2021
Latent View Analytics IPO is a book build issue of ₹600.00 crores. The issue is a combination of fresh issue of 2.41 crore shares aggregating to ₹474.13 crores and offer for sale of 0.64 crore shares aggregating to ₹125.87 crores.
Latent View Analytics IPO bidding started from Nov 10, 2021 and ended on Nov 12, 2021. The allotment for Latent View Analytics IPO was finalized on Nov 17, 2021. The shares got listed on BSE, NSE on Nov 23, 2021.
Latent View Analytics IPO price band is set at ₹197 per share. The lot size for an application is 76. The minimum amount of investment required by an retail is ₹14,972 (76 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,064 shares), amounting to ₹2,09,608, and for bNII, it is 67 lots (5,092 shares), amounting to ₹10,03,124.
The issue includes a reservation of up to 3,37,078 shares for employees offered at a discount of ₹19.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Latent View Analytics IPO RHP for detailed Information.
IPO Open
Wed, Nov 10, 2021
IPO Close
Fri, Nov 12, 2021
Issue Price
₹197 per share
Market Cap (Pre-IPO)
₹3,896.94 Cr
| IPO Date | 10 to 12 Nov, 2021 |
| Listed on | Tue, Nov 23, 2021 |
| Face Value | ₹1 per share |
| Price Band | ₹190 to ₹197 |
| Issue Price | ₹197 per share |
| Lot Size | 76 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹19.00 |
| Total Issue Size | 3,04,89,362 shares (agg. up to ₹600 Cr) |
| Fresh Issue | 2,40,93,423 shares (agg. up to ₹474 Cr) |
| Offer for Sale | 63,95,939 shares of ₹1 (agg. up to ₹126 Cr) |
| Share Holding Pre Issue | 17,37,20,925 shares |
| Share Holding Post Issue | 19,78,14,348 shares |
| BSE Script Code / NSE Symbol | 543398 / LATENTVIEW |
| ISIN | INE0I7C01011 |
Latent View Analytics IPO comprises a total issue size of 3,04,89,362 shares. The net offer to the public is 3,01,52,284 shares, after excluding 3,37,078 shares under a preferential allotment. Of the Net offer 2,26,14,214 (75.00%) are allocated to QIB, 45,22,842 (15.00%) allocated to NII 30,15,228 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 2,26,14,214 | 75.00% | 74.17% | NA |
| − Anchor Investor Shares Offered | 1,35,53,898 | 44.45% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 90,60,316 | 29.72% | NA | |
| NII (HNI) Shares Offered | 45,22,842 | 15.00% | 14.83% | NA |
| Retail Shares Offered | 30,15,228 | 10.00% | 9.89% | 39,674 |
| Preferential Reservations | ||||
| Employee Shares Offered | 3,37,078 | 1.11% | NA | |
| Total Shares Offered | 3,04,89,362 | 100.00% | 100.00% | |
Investors can bid for a minimum of 76 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 76 | ₹14,972 |
| Retail (Max) | 13 | 988 | ₹1,94,636 |
| S-HNI (Min) | 14 | 1,064 | ₹2,09,608 |
| S-HNI (Max) | 66 | 5,016 | ₹9,88,152 |
| B-HNI (Min) | 67 | 5,092 | ₹10,03,124 |
Latent View Analytics IPO raises ₹267.01 crore from anchor investors. Latent View Analytics IPO Anchor bid date is November 9, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 9, 2021 |
| Shares Offered | 1,35,53,898 |
| Anchor Portion (₹ Cr.) | 267.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Dec 17, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Feb 15, 2022 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding inorganic growth initiatives | 147.90 |
| 2 | Funding working capital requirements of LatentView Analytics Corporation, our Material SubsidiaryFunding working capital requirements of LatentView Analytics Corporation, our Material Subsidiary | 82.40 |
| 3 | Investment in our Subsidiaries to augment their capital base for future growth | 130.00 |
| 4 | General corporate purposes | 80.64 |
The Latent View Analytics IPO is subscribed 326.49 times on November 12, 2021 5:00:00 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 145.48 | 93,67,800 | 1,36,28,42,792 |
| NII | 850.66 | 46,84,210 | 3,98,46,85,168 |
| Retail | 119.44 | 31,22,806 | 37,29,96,524 |
| Employee | 3.87 | 3,50,877 | 13,58,044 |
| Total | 326.49 | 1,75,25,693 | 5,72,18,82,528 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission, brokerage and selling commission) | 19.47 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 5.80 |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Fees payable to the other advisors to the Offer | 3.54 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 3.93 |
| 6 | Printing and stationery expenses | 2.00 |
| 7 | Advertising and marketing expenses | 2.00 |
| 8 | Fees payable to legal counsels | 4.58 |
| 9 | Miscellaneous | 0.71 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹197.00 | ₹197.00 |
| Open | ₹530.00 | ₹512.20 |
| Low | ₹462.00 | ₹461.10 |
| High | ₹548.75 | ₹548.00 |
| Last Trade | ₹488.60 | ₹488.75 |
Latent View Analytics IPO is a main-board IPO of 3,04,89,362 equity shares of the face value of ₹1 aggregating up to ₹600 Crores. The issue is priced at ₹197 per share. The minimum order quantity is 76.
The IPO opens on Wed, Nov 10, 2021, and closes on Fri, Nov 12, 2021.
MUFG Intime India Pvt.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 Wed, Nov 10, 2021 and closes on Fri, Nov 12, 2021.
Latent View Analytics IPO lot size is 76, and the minimum amount required for application is ₹14,972.
You can apply in Latent View Analytics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Mon, Nov 22, 2021. Check the Latent View Analytics IPO allotment status.
The Latent View Analytics IPO listing date is on Tue, Nov 23, 2021.
