Latentview Analytics IPO

 

Latent View Analytics Limited is one of India ‘s top pure-play data analytics technology firms. Based on their expertise across the whole value chain of data analytics, from data and analytics consulting to business analytics as well as insights, advanced predictive analytics, data engineering, and digital solutions. Latentview Analytics IPO will the market in 10 November 2021.

About Latent View Analytics

Data and analytics are being used by businesses across sectors to guide company strategy and optimise expenditure decisions in the face of rising financial uncertainty.

They work with and give services to blue-chip organisations in the technology, financial services, consumer packaged goods and retail, industrials, and other areas.

In recent years, they have established ourselves as among the most trusted partners to numerous Fortune 500 businesses, having partnered with over 30 Fortune 500 firms in the previous three fiscal years (Source: Zinnov Report).

Adobe, Uber Technology, and 7-Eleven are just a few of their major clients.

Working Areas

They engage with several key stakeholders within their client organisations, such as CFOs for finance and risk analytics, CMOs for marketing insights, CHRSs for HR analytics, and CSCOs for supply chain analytics, as an analytics supplier with functionality throughout business operations, further reinforcing theie client connections throughout different interfaces.

Geographic markets are the primary source of revenue disaggregation, which is then assessed by management.

They primarily serve organisations in the technology, consumer packaged goods and retail, industrials, and banking and financial services industries.

Clients

From Their subsidiaries in the United States, the Netherlands, Germany, the United Kingdom, and Singapore, as well as their sales offices in San Jose, London, and Singapore, they service customers in the United States, Europe, and Asia.

Revenue from operations from clients in the United States accounted for 92.88 percent, 92.33 percent, and 90.91 percent of their revenue from operations in Fiscals 2021, 2020, and 2019, respectively.

While revenue from operations from clients in the United Kingdom accounted for 1.85 percent, 1.78 percent, and 3.75 percent of their revenue from operations in same periods.

Latentview Analytics IPO

Latent view Analytics Limited, headquartered in Bhubaneswar has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 600 crores on 14 August 2021.

The Offer includes 474 crores value fresh equity shares and There is an offer for sell(OFS) of 126 Crores value equity shares by the promoters mentioned in the DRHP.

They got for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market on 20 October 2021.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
		31-Mar-21	31-Mar-20	31-Mar-19
Total Assets		519.20	397.85	323.68
Total Revenue		326.71	329.67	295.90
Profit After Tax		91.46	72.85	59.67

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	5.35	5.10	3
Financial Year 2020	4.28	3.99	2
Financial Year 2019	3.52	3.26	1
Weighted Average	4.69	4.42

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

The following are some of the basic criteria and key strengths that contribute into determining the Offer Price:

• With a broad variety of skills, a recognised leading position in data and analytics.
• Partnerships with blue chip clients across sectors and geographies that are deep and established.
• Client-driven development that is backed up by technical knowledge.
• Financial profile that is both expandable and appealing.
• Capability growth and go-to-market strategy are guided by a strong management team.

Latentview Analytics IPO Peer Comparison

S. No.	Face Value	Company Name	PE
1	2	Happiest Minds Technologies Limited	118.02

Latentview Analytics IPO Details

IPO Opening Date	10 November 2021
IPO Closing Date	12 November 2021
Issue Type	Book Building
Face Value	1 per  share
IPO Price	190 to 197 per equity share
Market Lot	76
Min Order Quantity	76
Listing At	BSE, NSE
Issue Size	600 Crores
Fresh Issue	474 Crores
Offer for Sale	126 Crores

Latentview Analytics  IPO Date

Latentview Analytics IPO opening date is 10 November 2021, and the closing date is 12 November 2021. The issue may list in 22 November 2021.

IPO Open Date	10 November 2021
IPO Close Date	12 November 2021
Basis of Allotment Date	16 November 2021
Initiation of Refunds	17 November 2021
Credit of Shares to Demat Account	18 November 2021
IPO Listing Date	22 November 2021

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	75	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	10	Minimum level of 1 lot, based on availability, for every shareholder.

Latentview Analytics IPO Allotment Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Latentview Analytics IPO.

Latentview Analytics IPO GMP

Latentview Analytics IPO Grey Market Premium is 369.

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
18 November 2021	369	4600	450
17 November 2021	375	4200	400
16 November 2021	372	4900	500
15 November 2021	365	7100	700
14 November 2021	307	5500	550
13 November 2021	312	7400	750
12 November 2021	297	6700	700
11 November 2021	289	7900	800
10 November 2021	205	6200	600
09 November 2021	225	7500	750
08 November 2021	175	5300	500
07 November 2021	150	4400	450
06 November 2021	75	3900	400
05 November 2021	No Trade	No Trade	No Trade
04 November 2021	No Trade	No Trade	No Trade
03 November 2021	No Trade	No Trade	No Trade
02 November 2021	No Trade	No Trade	No Trade
01 November 2021	No Trade	No Trade	No Trade

Latentview Analytics IPO Review

The answer to your question that Latenview Analytics IPO is Good or bad is that you can apply for both listing gain & long term. Company is good & margins are nearly best in the industry.

Latentview Analytics IPO Risk

• Clients from the United States account for a substantial percentage of their revenue.
• The COVID-19 pandemic’s long-term impact on their company and operations is unknown.
• Since a percentage of their revenues is based in foreign currencies, exchange rate changes may have a negative impact on their results of operations.
• In their markets, there is fierce rivalry, and they may lack the financial or other capabilities to sustain or strengthen their competitive position.
• They are a multinational firm with risks and unpredictability associated with doing business outside of India.
• Their sales efforts take a lot of time and money, and their sales cycles are sometimes protracted and uncertain.

Other Threats

• Quarterly changes in our results of operations and key business indicators may create volatility in their results of operations.
• Their failure to change our pricing strategies in order to maintain existing clients and attract new ones might hurt their firm.
• Their company is the subject of ongoing legal actions. Any negative outcome in such actions might be damaging to their image.
• If they can’t keep their resource utilisation and production levels up, their profitability will suffer.
• Their business might suffer if they are unable to create and maintain an adequate internal controls and regulatory framework.

Business Model

For customers across sectors, they develop and create result-oriented analytics solutions that help them run more effectively by anticipating outcomes that promote digital transformation and sustainability.

Client profiling, targeted marketing, supply chain management, finance and risk management, and HR operations are among core areas of competence in business analytics.

They offer these services based on their knowledge and experience with the different AI/ML algorithms that underpin their digital analytics systems.

Business Categories

They divide their company into four categories:

1. Understanding pertinent business trends, issues, and opportunities, as well as developing a roadmap of data and analytics efforts to meet them, are examples of consulting services.
2. Business analytics, which provides analysis and insights for clients to make more accurate, timely, and effective choices.
3. Data engineering, which is used to build, construct, and execute the data foundation necessary for analytics.
4. We provide digital solutions that automate corporate operations, forecast trends, and generate actionable data.

Research and Development

They support innovation and R&D through a variety of activities, including a mix of solutions created in response to customer demands and proactive attempts to find marketable ideas.

Client-driven innovation is carried out through their Service Delivery Excellence (SDE) framework, which supports a cycle of constant enhancements via context-based improvement studies, and they have established ‘IdeaLabs,’ a squad of committed R&D resources, to assist their ongoing innovation capabilities.

• Client Driven Innovation

For a prominent US-based cosmetics firm seeking to keep useful to its primary client base, they created MatchView, a platform that enables advances in online and offline customer acquisition and retention efforts.

MatchView has now been used in a number of use-cases by different customers. On the basis of their consultation methodology and functional knowledge in the sectors in which their customers work, they have likewise created solutions depending on client requirements.

• Consulting Led Solution

A premium vehicle manufacturer in Europe was trying to reduce warranty claims since the expenses associated with them were rising at a higher rate than income.

They collaborated with their risk and IT departments to investigate the data available, which included car IoT data. They created a self-service, code-free AI platform for connected car analytics that could be used to determine vehicle usage trends using data from these vehicles.

The analytics platform converts IoT data from automobiles into a useable format and connects it with existing data banks to provide a more complete picture of the overall community’s efficiency.

• IdeaLabs solutions

They engage in innovation in order to discover and solve unmet industry needs. They become aware of these possibilities by attending events and conferences that they arrange to learn about new technologies and approaches.

Engaging in peer learning webinars and tech-conclaves, idea harvesting via hackathons, structural innovation through ‘IdeaLabs,’ and innovation via collaboration with academics are all key activities for developing creative solutions.

During one such session, they invented Casper, an AI-driven conversational analytics platform, and later established a usecase for it.

Major Revenue

They work with several of the globe ‘s leading organisations, and their top five revenue customers for Fiscal 2021, which include members of the Fortune 500, have been with them for an average of more than six years as of June 30, 2021.

For example, they had been involved by a US-based global software giant for over ten years, a US-based multinational e-commerce company for over eight years, and a US-based global internet digital marketing and search giant for over five years as of June 30, 2021, demonstrating how deeply we are embedded in their decision-making processes.

In Fiscal 2021, revenue from operations from their leading 5 customers was INR 1,651.85 million.

Latentview Analytics IPO Brokerage views

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Latentview Analytics IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
09 November 2021	1	0.15	2.51	32.73	1.29	6.61
10 November 2021	2	3.64	34.51	72.12	2.72	24.08
11 November 2021	3	145.48	850.66	119.44	3.87	326.49

Promoters

• Adugudi Viswanathan Venkatraman
• Pramadwathi Jandhyala

Promoters’ Holding

Pre Issue Share Holding	79.30%
Post Issue Share Holding