Shares of Latent View Analytics, the data analytics firm, have more than doubled ever since their debut on the stock exchanges. This company’s stocks surged to a high of Rs. 531 in comparison to the issue price of Rs. 197. To know more details regarding the same, take a look below.
Key Highlights of Latent View Analytics IPO
Subscription of the IPO
Latent View Analytics had a very successful IPO with respect to the number of subscribers. In addition, investors, across all categories, oversubscribed the IPO. In fact, they subscribed to this IPO 326 times. Here is a look at the subscription from the different varieties of investors:
| Retail Individual Investors | Subscribed 120 times |
| Non-institutional investors | Subscribed 850.66 times |
| Qualified Institutional buyers | Subscribed 145.48 times |
The breakup of the IPO
Now, let’s delve deeper into the details of the Rs. 600 crores IPO of Latent View Analytics and its breakup. There was a new issue of shares amounting to Rs. 474 crores and an (OFS) offer of sale at Rs. 126 crores.
Furthermore, the price at which the IPO was open for buying was pegged at Rs. 190 – Rs. 197 each share. Latent View Analytics also managed to raise a hefty sum from anchor investors before the IPO. They raised a total of Rs. 267 crores.
Objectives of the IPO
Moreover, Latent View Analytics will use the IPO proceeds for the following reasons:
- Funding growth plans
- Supplying the working capital needs of Latent View Analytics Corporation, its subsidiary
- More investment in its subsidiaries
- General corporate reasons
About Latent View Analytics
Latent View Analytics has a strong presence in the data analytics sector. It caters to several blue-chip companies spread out across continents. Moreover, this industry is likely to grow in future, indicating a profitable market for those lucky investors in this company.
Nevertheless, take a look at the earnings from operations from US and UK based clients.
| Year | US-based Clients | UK-based Clients |
| 2021 | 92.88% | 1.85% |
| 2020 | 92.33% | 1.78% |
| 2019 | 90.91% | 3.75% |
Bottom Line
This company is the first of its type in the stock exchange with no similar competitor. Solid and healthy management backed by a first-mover advantage is one of the critical factors that have contributed to the stock’s success on the exchange.
The entire data analytics industry is likely to increase at a CAGR of 15-20% in the upcoming 3 years. This, in turn, can also increase the revenue of Latent View Analytics.
Frequently Asked Questions
- What is the market valuation of Latent View Analytics?
Ans. Latent View Analytics’ market valuation is presently Rs. 10,132 crores.
- What services does Latent View Analytics offer?
Ans. This company offers a slew of services that encompass the entire value chain of data analytics. For instance, consulting, business analytics, insights, and data engineering are some of their solutions.
- When was Latent View Analytics set up?
Ans. This company was set up in 2006.
