Latent View Analytics IPO: The IPO of Latent View Analytics, a company providing digital services, has opened today. Under this IPO of Rs 600 crore, investors will be able to invest till 12 November. According to the upper price of the price band in the IPO, investors will have to invest at least Rs 14972. According to market experts, digital transformation across the world has accelerated after the corona epidemic, due to which Lancet View Analytics shows better growth prospects. In such a situation, experts have advised investors to invest money in this IPO.
Analysts gave subscribe rating to the issue
According to Reliance Securities, this IPO is priced at 42.6 times the earnings of FY 2021 and 43.7 times the estimated earnings of FY 2022, which looks logical. Talking about its piers, Happiest Minds Tech is trading at 115 times the earnings of FY 2021, which is very expensive according to analysts. Apart from this, due to digital transformation, investment in technology related to it is increasing. In view of this, Latent View Analytics is seeing double-digit growth potential in the coming years, due to which Reliance Securities has given subscribe rating to the issue.
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Latent View Analytics IPO
- The Latent View Analytics IPO will be open for subscription for three days from November 10-12.
- Under this IPO of Rs 600 crore, new shares worth Rs 474 crore will be issued, while the remaining shares of Rs 126 crore will be sold by the promoters and existing shareholders of the company under the offer for sale (OFS).
For face value shares of Re 1, the company has fixed a price band of Rs 190-197. - The company has fixed the lot size of 76 shares i.e. investors will have to invest at least Rs 14972.
- 75 per cent of the issue has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors (NIIs) and 10 per cent for retail investors.
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- The allotment of shares may be finalized on November 17 and listing on the exchange may take place on November 23.
The money raised through the issue of new shares under this issue will be used for inorganic growth of the company, to meet the working capital requirements of the company’s subsidiaries. In addition, it will be used to invest in a subsidiary of Latent View Analytics so that they can use it for their future growth. This capital will also be used for general corporate purposes.
Details about the company
- Latent View Analytics provides services ranging from data and analytics consulting to business analytics and insights, advanced predictive analytics, data engineering and digital solutions. Its business is spread across Consulting Services, Data Engineering, Business Analytics and Digital Solutions.
- This technology provides services to BFSI (Banking, Financial Services and Insurance), CPG (Consumer Packaged Goods) and blue chip companies in retail, industrial and other industries.
- The company has worked with more than 30 Fortune 500 companies in the last three financial years.
- LatentView Analytics provides services to clients through its subsidiaries in the Americas, Europe (Netherlands, Germany, UK) and Asia (Singapore). Its sales offices are located in San Jose, London and Singapore.
Talking about the financial position of the company, its net profit (Profit After Tax) has increased continuously in the last three years. It had a net profit of Rs 59.67 crore in FY 2019, while it had a profit of Rs 72.84 crore in FY 2020 and Rs 91.46 crore in FY 2021.
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