Latent View Analytics IPO opens tomorrow. 10 things to know before you subscribe

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Latent View Analytics a data analytics firm, will be open for public subscription on November 10. Latent View delivers solutions that help companies drive digital transformation and use data to gain a competitive advantage.

Here are 10 key things to know about the issue and the company:

1. IPO Dates: The offer opens on November 10 and closes on November 12.
2. Offer Details: The IPO comprises fresh issue of equity shares worth Rs 474 crore and an offer-for-sale of equity shares worth Rs 126 crore by a promoter and existing shareholders.
3. Price Band: Latent View has fixed a price band of Rs 190-197 a share for its Rs 600-crore initial share-sale
4. Lot Size and Reserved Portions: The lot size is 76 shares. Up to 75 percent of the issue has been reserved for qualified institutional buyers, 15 percent for non-institutional investors and the remaining 10 percent for retail investors.
5. Objectives of the Public Issue: The proceeds from the fresh issue of shares will be used to fund inorganic growth initiatives, working capital requirements, and general corporate purposes.
6. Book Running Lead Managers: Axis Capital, ICICI Securities and Haitong Securities India Private Limited are the lead managers to the public issue.
7. Registrar: Link Intime India Private Ltd is the registrar to the offer.
8. Company Profile: Latent View Analytics is a data analytics firm, delivering solutions that help companies drive digital transformation and use data to gain a competitive advantage.
9. Share Holding Pattern: Venkatraman owns 69.63 percent stake in the company at present, Koteeswaran holds 7.74 percent stake and Hariharan owns 9.67 percent holding in the firm.
10. Financials: Latent View reported revenues of Rs 326 crore in the year 2020-21 with net profit of Rs 91 crore. According the prospectus, the analytics services market is expected to average an annual compounded growth rate 19 percent and poised to touch approximately $68 billion in 2024.