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Latent View Analytics IPO

Latent View is a recognised market leader in data analytics, providing a range of services like data engineering, digital solutions, business analytics, consulting services, supply chain analytics etc. Its extensive expertise allows it to serve the needs of several Fortune 500 companies. This company provides its services to companies in BFSI, Technology, Industrials, CPG and Retail sectors, including Uber Technology, 7-Eleven, Adobe. It serves clients all over the world, including in several countries in Europe, Asia and the USA.

Latent View Analytics IPO Objectives

● The proceeds of the IPO will fund its requirements for working capital
● To fund inorganic growth initiatives
● The funds will be invested in its subsidiaries to increase their capital in terms of future growth.
● Other corporate purposes

Latent View Analytics IPO - Details

Latent View Analytics will open a Rs. 600 crores IPO (Initial Public Offering) on 9 November 2021. It will consist of a fresh issue of equity shares worth Rs. 474 crores and an OFS (offer for sale) of Rs. One hundred and twenty-six crores by a promoter and existing shareholders. The book running lead managers to this issue are Axis Capital, Haitong Securities India and ICICI Securities. Link Intime India Private Limited would be the registrar to the Latent View IPO.

Opening Date

Nov 10, 2021

Closing Date

Nov 12, 2021

Price Band

₹ 190 to ₹ 197

per equity share

Issue Size

₹ 600 Cr

Face Value

₹ 1

per equity share

Market Lot

76 shares

Opening Date

Nov 10, 2021

Closing Date

Nov 12, 2021

Price Band

₹ 190 to ₹ 197

per equity share

Issue Size

₹ 600 Cr

Face Value

₹ 1

per equity share

Market Lot

76 shares

Listing at NSE, BSE

Latent View Analytics IPO Important Dates

IPO Open Date Nov 10, 2021
IPO Close Date Nov 12, 2021
Basis Of Allotment Date Nov 16, 2021
Initiation Of Refunds Nov 17, 2021
Credit Of Shares To
Demat ACcount		 Nov 18, 2021
IPO Listing Date Nov 22, 2021

Why Should You Invest in Latent View Analytics IPO?

Here are a few reasons why Latent View Analytics could be an ideal investment option:

1. Latent View Analytics is one of India's leading data analytics only companies, providing its services for many blue-chip companies.
2. It is the main trusted partner of several Fortune 500 companies. In just the last three years alone, it has worked with over 30 Fortune 500 companies.
3. The company has a high level of expertise in designing and engineering analytics solutions across many industries.
4. Latent View has received several recognitions for its services in data analytics. It was recognised by Gartner and Forrester as a "Strong Performer" in 2017 and 'Analytics Company of the Year' in 2015 and 2017 by Frost and Sullivan.
5. The company is well-known for having a wide range of capabilities, including customer analytics, supply chain solutions, finance and risk analysis, marketing analytics, HR analytics etc.

Financial highlights

Financial Year Total Assets Total Revenue Total Expenses Profit After Tax
March FY2021 5191.99 3058.79 2107.86 914.63
March FY2020 3978.54 3103.57 2397.80 728.45
March FY2019 3236.83 2879.34 2253.98 596.65
Note: All of the figures are mentioned in Rs. millions

How to apply for Latent View Analytics IPO?

You can apply for the Latent View Analytics IPO in these ways:

UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book Latent View Analytics IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.

Demat Account

1. If you are already a client of Angel One, apply directly for Latent View Analytics IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.

Latent View Analytics IPO - Noteworthy Highlights

Here are some noteworthy highlights of Latent View Analytics that investors might want to know about:

1. Latent View has partnered with many of the largest companies in the world.
2. It has continued serving its top five clients for more than six years, generating around 54% of its revenues from them in 2021.
3. The company has subsidiaries in the United States, United Kingdom, Netherlands, Germany and Singapore.
4. It has engaged with many leading companies in the US, and as such, US clients have generated over 90% of its revenues for 2019, 2020 and 2021.
5. The company provides predictive and prescriptive analytics services using AI (artificial intelligence) and ML (machine learning) techniques.
6. It received prestigious awards like the NASSCOM AI Award in 2018 for correctly predicting vehicle risks in over 108 countries.

Latent View Analytics IPO - SWOT Analysis

strengths

Strengths

  • Wide range of capabilities: Latent View Analytics is a recognised market leader in data analytics and can deliver a wide range of services. Its experience providing these services to globally leading organisations has also enhanced its efficiencies and revenue generation capabilities.
  • Numerous client-driven innovations: This company has developed many customised end-to-end solutions for clients and innovated them further. MatchView is one of their innovative platforms used for online and offline consumer acquisition and retention. IdeaLabs Solutions, a team of dedicated R&D resources, has developed innovative products like Casper.
  • Attractive financial profile: Latent View’s business is supported by a stable financial model that consistently brings in good revenue. It has very high levels of client retention and typically forms multi-year contracts that provide long-term profits.
Weaknesses

Weaknesses

  • Few key clients: This company engages mostly with a limited number of clients, which account for most of its revenue. If these clients do not renew their contracts for some reason, Latent View's revenues will decline considerably.
  • Exchange rate fluctuations: In 2021, Latent View generated 96.17% of its income from outside India. Thus, the company is exposed to foreign exchange-related risks, and a significant/frequent fluctuation in the Indian Rupee and other currencies would adversely affect its operations.
Opportunities

Opportunities

  • Possible expansion of client base: North America, which accounts for the largest share of spending on analytics, has seen a substantial increase in fraudulent transactions. In Europe, the demand for supply chain logistics is slated to increase. Hence, Latent View could be able to acquire a lot of new clients and expand its presence further.
  • Capitalising on industry growth: The market for data and analytics is slated to grow at an 18% CAGR to US$333 billion by 2024. Moreover, the Covid-19 pandemic has increased the demand for digitisation. As a market leader, Latent View is perfectly placed to make the most out of these opportunities.
Threats

Threats

  • Rising inflation: Rise in inflation in India or countries where Latent View operates would increase costs of transportation, raw materials and wages etc. If this happens, the company will not be able to increase its cost of price/services in proportion, leading to a decline in cash flows and its financials.
  • Financial instability in other countries: Historically, the Indian economy has always been affected by financial turmoil in countries like Russia and Asia. Instability in other parts of the world could cause a worldwide recession which would adversely affect this company.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Wide range of capabilities: Latent View Analytics is a recognised market leader in data analytics and can deliver a wide range of services. Its experience providing these services to globally leading organisations has also enhanced its efficiencies and revenue generation capabilities.
  • Numerous client-driven innovations: This company has developed many customised end-to-end solutions for clients and innovated them further. MatchView is one of their innovative platforms used for online and offline consumer acquisition and retention. IdeaLabs Solutions, a team of dedicated R&D resources, has developed innovative products like Casper.
  • Attractive financial profile: Latent View’s business is supported by a stable financial model that consistently brings in good revenue. It has very high levels of client retention and typically forms multi-year contracts that provide long-term profits.

Weaknesses 

  • Few key clients: This company engages mostly with a limited number of clients, which account for most of its revenue. If these clients do not renew their contracts for some reason, Latent View's revenues will decline considerably.
  • Exchange rate fluctuations: In 2021, Latent View generated 96.17% of its income from outside India. Thus, the company is exposed to foreign exchange-related risks, and a significant/frequent fluctuation in the Indian Rupee and other currencies would adversely affect its operations.

Opportunities 

  • Possible expansion of client base: North America, which accounts for the largest share of spending on analytics, has seen a substantial increase in fraudulent transactions. In Europe, the demand for supply chain logistics is slated to increase. Hence, Latent View could be able to acquire a lot of new clients and expand its presence further.
  • Capitalising on industry growth: The market for data and analytics is slated to grow at an 18% CAGR to US$333 billion by 2024. Moreover, the Covid-19 pandemic has increased the demand for digitisation. As a market leader, Latent View is perfectly placed to make the most out of these opportunities.

Threats 

  • Rising inflation: Rise in inflation in India or countries where Latent View operates would increase costs of transportation, raw materials and wages etc. If this happens, the company will not be able to increase its cost of price/services in proportion, leading to a decline in cash flows and its financials.
  • Financial instability in other countries: Historically, the Indian economy has always been affected by financial turmoil in countries like Russia and Asia. Instability in other parts of the world could cause a worldwide recession which would adversely affect this company.

Latent View Analytics: A competitive analysis

Latent View is one of India's leading pure-play data analytics providers with a presence in the top 5 analytics market in the world. Its competition is mainly large multi-service IT providers and other pure-play analytics providers. Following is a brief overview of some of Latent View’s noteworthy competitors.

Name of Competitors Revenue
Nielsen $6.4 billion
Analytic Partners $45 million
Avanade $2 billion
Mindtree $1.2 billion
Deloitte $45.5 billion
Marketing Management Analytics $2.4 million
Mu Sigma $150 million
IRI $1.3 billion
Acxiom $1 billion
Tiger Analytics $100 million

Latent View Analytics IPO FAQs

How can I apply for the Latent View Analytics if I don't have a UPI ID?

You can quickly create a UPI handle in the NPCI list if you don't have a UPI ID already. You can also apply via the ASBA process via a physical form or your bank account.

How can I create a UPI ID using the BHIM app?

Follow the given steps to create a UPI ID using the BHIM app:
Step 1: Download the BHIM app from Google Play or App Store.
Step 2: Verify your mobile number and register using a password/PIN.
Step 3: Choose your bank from the list.
Step 4: The app will automatically get your bank account details.
Step 5: Set up a UPI ID for security purposes
Step 6: You can check your UPI ID in ‘Profile’. You can also register multiple bank accounts with BHIM.

What is the time frame to get approval for a UPI mandate request?

You may want to get a UPI mandate approved as soon as you can. The time period inside which you can get the approval is from the closing time of the IPO to 12 pm on the next day.

How can I locate my UPI ID?

To find out your UPI ID, you can visit the ‘Profile’ section of your UPI app. You can check the given screenshots to locate the UPI ID on different apps here.

Why am I not being able to apply for the Latent View Analytics IPO via my UPI ID?

You can use the UPI ID approved by NPCL to apply for the Latent View IPO. Thus, you will need to review the list of banks and apps with NPCL’s approval to provide UPI service if you fail to apply with your current UPI handle.

How fast can I receive a mandate request against a UPI following an order placement for IPO?

You can receive the UPI mandate request in only 15 to 20 minutes after you place a bid for Latent View Analytics IPO. However, the actual time for this may be longer for various reasons.

How can I apply for the Latent View Analytics IPO through the Angel One app?

Follow these simple steps to apply for an IPO using the Angel One app:
Step 1: Open the app and go to the 'Investment Opportunities section.
Step 2: Click on the ‘IPOs and FPOs’ option and enter the required information.
Step 3: Enter a UPI ID approved by NPCL.
Step 4: Select ‘Invest’ to subscribe to the Latent View IPO.

Can I file more than one application for Latent View IPO?

No. You can only file only one application per PAN number for an IPO. If you still decide to make multiple applications using different platforms using the same PAN number, your application will be rejected, and you won't receive an allotment for any IPO.

Can I apply for the Latent View IPO if I reside outside India?

No. You cannot apply for the Latent View IPO using the Angel One app if you are an NRI. However, they can still apply via the ASBA (Application Supported by Blocked Amount) process from their respective banks.

Do I have to pay any charges for subscribing to the Latent View IPO?

If you apply for the Latent View Analytics IPO via the Angel One platform, you will not have to pay any additional charges.

I cannot locate my UPI handle in the dropdown menu of the Angel One app. How can I apply for the IPO?

If you cannot find your UPI handle, it could be due to NCPI not approving that UPI handle. In this case, you can create a UPI ID with a financial institution present on the NPCI list.

Can I apply for this IPO with a bank account that is not linked with the Angel One app?

Yes. However, the bank account needs to be in your name only.

How to get approval for the Latent View Analytics IPO mandate request?

The approval for this IPO will be given via your UPI app. You can learn about the whole approval process by clicking here.

Why is the status of the IPO mandate request still pending on the Angel One app when I already have it approved?

This is because Angel One does not display real-time updates for UPI mandate requests. However, if you have already received approval, it will reflect in the order book of the particular IPO.

Can I apply for the Latent View Analytics IPO using my current account?

No. Banks will only process your Latent View Analytics IPO application if you use your savings account and not your current account. You contact your bank for more information about this.

Can I use my Hindu Undivided Family Account to apply for this IPO?

No. The Angel One app does not allow you to file an IPO application via a HUF account. However, you can do so via the ASBA process with the help of your bank.

Can I apply for the Latent View Analytics IPO using my minor daughter’s account?

No. Angel One does not process any IPO application via a minor daughter’s account. Minors can still apply through the ASBA process with the help of a bank.

Why are my funds not debited from my account if I have successfully placed a bid?

Banks do not deduct any funds when you file an application for an IPO; instead, they block or hold the due amount. It is only after you receive the allotment that these funds get released. The funds also get released if your UPI mandate request expires or you do not get the funds.

What is the tentative time when funds for an IPO get blocked or unblocked?

Your funds for the IPO will be blocked as soon as you approve the UPI mandate request. If you fail to secure shares, these funds will get unblocked. However, if this does not happen, you should contact your bank for clarification.

What is a cut-off price? Is it a good idea to apply at this price range?

The cut-off price refers to the price set during the allotment stage at which the shares get issued. When investors apply at this price, they place a bid for it at this particular price point. Investors should place a bid at this price point to secure the chances of an allotment.

Is it possible to modify my bids for Latent View Analytics after I have applied for it?

Yes. You can modify the UPI ID and lot size of your IPO subscription after placing your bid. However, it will count as a fresh bid after you approve the UPI mandate request and modify the bid. This will result in a new bid getting blocked besides the original one.

What are the possible reasons for the rejection of my Latent View Analytics IPO application?

Here are some of the possible reasons for the rejection of your IPO:
● If you have provided an incorrect UPI PIN or ID
● If your UPI ID, Demat account and bank account are not linked to the same PAN number.

How can I ensure that my Latent View Analytics IPO is secured without fail?

Irrespective of the platform you are using, it is not possible to guarantee an IPO allotment. The shares are allotted using a lottery system whenever they are oversubscribed. Like other platforms, Angel One only allows you to apply for an IPO and does not ensure allotment.
You can still improve your chances of getting an IPO allotment by taking these steps:
● Make sure to use a Demat account linked with your PAN
● Applying at the cut-off price
● Check that your bank account and UPI ID are linked via the same PAN. Failing to ensure this will result in a rejection.
Let us say that person B has applied for the Latent View IPO via his Demat account with person A’s UPI ID. In this case, his application can be rejected if:
● Person A’s UPI ID is not linked to person B’s PAN number
● Person B does not have his Demat account linked with person A’s bank account

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