Blog Details

Latent view is coming up with an IPO on Nov 10, 2021 and subscription window will open till 12th Nov 2021, the issue size of the IPO is Rs 600 crore, issue comprises fresh issue of Rs 474 crore and an Offer for sale of Rs 126 crore. Price band of each share is fixed at Rs 190 to Rs 197; face value of each share is Rs 1. Retail investor can apply for minimum 76 shares and in multiple of 76 shares thereafter, retail investor can apply for maximum 988 shares at the rate of Rs 197 per share. Allotment of shares will be on 16 Nov 2021. Shares will list on the market is on 22 Nov 2021.

About Company

Latent View is incorporated in 2006, Latent View is into analytics services such as data and analytics consulting, business analytics and insights, advanced analytics, data engineering, and digital solutions. The company provides its services to blue chip companies in Technology, BFSI (Banking, financial services and insurance), CPG (Consumer packaged goods) & Retail, Industrials, and in other domains of different industries.

The company classifies its business into –

• Consulting services- this involves understanding relevant business trends, challenges, and opportunities and preparing a roadmap of data and analytics initiatives that addresses them for future probability of growth and risks;
• Data engineering, to design, architect, and implement the data foundation required to undertake analytics;
• Business analytics, which delivers analysis and insights for clients to make more accurate, timely and impactful decisions;
• Digital solutions which the company develops to automate business processes predict trends and generate actionable insights.

The company has a presence across the 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:

• 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
• Company is having a strong focus on innovation and R&D
• Strong, experienced leadership team
• Financials of the company

Company is having strong financials; consistent growth can be seen on its revenue and profits. 

                                                                                                                     The entire amount is in INR crore

Peer of the company

Happiest Minds Technologies Limited- Company’s revenue for FY 2021 was Rs 797.65 crore, which is very higher than the Latent View’s Rs 326.70 crore.

My Observation

Considering all the aspects of the company this IPO seems good to invest in. Investors are suggested to invest in this IPO for long term wealth creation.