Latent View Analytics IPO: The issue of Latent View Analytics, a data analytics services company, opened today i.e. on November 10 and will close on November 12. The company’s issue price band is Rs 190-197. The company is about to raise Rs 600 crore from its IPO. The issue will have a fresh issue of Rs 474 crore and an offer for sale (OFS) of Rs 126 crore.
In this offer for sale, the promoter of the company Adugudi Viswanathan Venkatraman will sell his stake. Apart from this, other promoters and shareholders like Gopinath Kotishwaran, Ramesh Hariharan, Shubhramanyam Ramachandran, Divya Balakrishnan, Rajkumar Kalia Perumal, Ryabalakrishnan and Naveen Loganathan will sell their stake.
Nykaa IPO: Shares will be listed today, know at what level listing can be done
Know what is going on GMP?
The unlisted shares of Latent View Analytics are trading at a premium of Rs.230 in the gray market. The issue price of the company is Rs 190-197. In terms of upper price band, Latent View Analytics shares are trading at Rs 427 (230+197) in gray market.
What should investors do?
Milan Desai, Lead Equity Analyst, Angel One, has said about the issue that the issue of Latent View Analytics will provide an opportunity to invest in Pure Play Analytics company. Latent View provides a niche segment of services used in the predictive analytics segment with descriptive and diagnostics solutions. Its growth is expected to be higher than the data and analytics market.
Most of the work of Latent View is related to customer analytics. However, the global customer analytics market accounts for only 9% of the total analytics spend. But it is expected to grow at 26% CAGR during 2020-2024.
The company is raising Rs 300 crore through fresh issue. The company will use it for growth. Keeping these aspects in mind, Milan Desai has advised to subscribe to its IPO.
PolicyBazaar IPO: Know what is GMP and how to check allotment status
How is the business of the company?
Most of the company’s earnings come from America. The US share of the company’s income is 92.88%, while the UK business accounts for 1.85 per cent of the company’s income. The company’s consolidated profit grew by 25.6 per cent in FY21 to Rs 91.46 crore. However, during the same period, the company’s income declined by 1.4 per cent to Rs 305.88 crore.
Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (.) to follow.
.