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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 ₹197.00 per share . The lot size for an application is 76. The minimum amount of investment required by an retail is ₹14,440 (76 shares). 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 Date | November 10, 2021 to November 12, 2021 |
| Listing Date | November 23, 2021 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹190 to ₹197 per share |
| Issue Price Final | ₹197 per share |
| Lot Size | 76 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,04,89,362 shares (aggregating up to ₹600.00 Cr) |
| Fresh Issue | 2,40,93,423 shares (aggregating up to ₹474.13 Cr) |
| Offer for Sale | 63,95,939 shares of ₹1 (aggregating up to ₹125.87 Cr) |
| Employee Discount | ₹19.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 17,37,20,925 shares |
| Share Holding Post Issue | 19,78,14,348 shares |
Latent View Analytics IPO offers total 3,04,89,362 shares. Out of which 2,26,14,214 (74.17%) allocated to QIB, 90,60,316 (29.72%) allocated to QIB, 45,22,842 (14.83%) allocated to NII, 30,15,228 (9.89%) allocated to RII and 1,35,53,898 (44.45%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,26,14,214 (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 (14.83%) | NA |
| Retail Shares Offered | 30,15,228 (9.89%) | 39,674 |
| Employee Shares Offered | 3,37,078 (1.11%) | NA |
| Total Shares Offered | 3,04,89,362 (100.00%) |
| 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 |
Latent View Analytics IPO opens on November 10, 2021, and closes on November 12, 2021.
| IPO Open Date | Wed, Nov 10, 2021 |
| IPO Close Date | Fri, Nov 12, 2021 |
| Tentative Allotment | Wed, Nov 17, 2021 |
| Initiation of Refunds | Thu, Nov 18, 2021 |
| Credit of Shares to Demat | Mon, Nov 22, 2021 |
| Tentative Listing Date | Tue, Nov 23, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 12, 2021 |
Investors can bid for a minimum of 76 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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...
| Listing Date | November 23, 2021 |
| BSE Script Code | 543398 |
| NSE Symbol | LATENTVIEW |
| ISIN | INE0I7C01011 |
| Final Issue Price | ₹197 per share |
| BSE Listing Group | B |
Latent View Analytics Ltd.
5th Floor, Neville Tower, Unit 6,7 and 8,
Ramanujan IT City, Rajiv Gandhi Salai, Taramani,
Chennai- 600113, Tamil Nadu, India
Chennai, Tamil Nadu
Phone: +91 044 4344 1700
Email: investorcare@latentview.com
Website: https://www.latentview.com/
MUFG Intime India Pvt.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 3,04,89,362 equity shares of the face value of ₹1 aggregating up to ₹600.00 Crores. The issue is priced at ₹197 per share. The minimum order quantity is 76.
The IPO opens on November 10, 2021, and closes on November 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 November 10, 2021 and closes on November 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 Monday, November 22, 2021. Check the Latent View Analytics IPO allotment status.
The Latent View Analytics IPO listing date is on Tuesday, November 23, 2021.
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