Latent View Analytics Limited IPO

 

 

 

 

Incorporated in 2006, Latent View provides analytics services such as data and analytics consulting, business analytics & insights, advanced predictive analytics, data engineering, and digital solutions. The company provides services to blue-chip companies in Technology, BFSI, CPG & Retail, Industrials, and other industry domains. The company classifies its business into –

(i)               Consulting services, which involves understanding relevant business trends, challenges, and opportunities and preparing a roadmap of data and analytics initiatives that addresses them;

(ii)              Data engineering, to design, architect, and implement the data foundation required to undertake analytics;

(iii)             Business analytics, which delivers analysis and insights for clients to make more accurate, timely and impactful decisions;

(iv)             Digital solutions which the company develops to automate business processes, predict trends and generate actionable insights.

The company has a presence across countries in the United States, Europe, and Asia through their subsidiaries in the United States, Netherlands, Germany, United Kingdom, and Singapore, and their sales offices in San Jose, London, and Singapore. Latent View has worked with over 30 Fortune 500 companies in the last three fiscals and some of the key clients include Adobe, Uber Technology, and 7-Eleven.

Competitive Strengths:

• One of the leading pure-play data analytics companies in India
• Extensive experience across a range of data and analytics capabilities
• Blue-chip clients across industries and geographies
• Focus on innovation and R&D
• Scalable and attractive financial profile
• Strong, experienced leadership team

Company Promoters:

Adugudi Viswanathan Venkatraman and Pramadwathi Jandhyala are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Jun-21	30-Jun-20	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	5,880.08	4,488.80	5,191.99	3,978.54	3,236.83
Total Revenue	917.43	823.81	3,267.08	3,296.72	2,959.03
Profit After Tax	223.14	228.04	914.63	728.45	596.65

Objects of the Issue:

• Funding inorganic growth initiatives;
• Funding working capital requirements of Latent View Analytics Corporation, company’s material subsidiary;
• Investment in subsidiaries to augment their capital base for future growth; and
• General corporate purposes

Latent View Analytics IPO Details

IPO Opening Date	Nov 10, 2021
IPO Closing Date	Nov 12, 2021
Issue Type	Book Built Issue IPO
Face Value	₹1 per equity share
IPO Price	₹190 to ₹197 per equity share
Market Lot	76 Shares
Min Order Quantity	76 Shares
Listing At	BSE, NSE
Issue Size	[.] Eq Shares of ₹1 (aggregating up to ₹600.00 Cr)
Fresh Issue	[.] Eq Shares of ₹1 (aggregating up to ₹474.00 Cr)
Offer for Sale	[.] Eq Shares of ₹1 (aggregating up to ₹126.00 Cr)

Latent View Analytics IPO Tentative Timetable

The Latent View Analytics IPO open date is Nov 10, 2021, and the close date is Nov 12, 2021. The issue may list on Nov 23, 2021.

IPO Open Date	Nov 10, 2021
IPO Close Date	Nov 12, 2021
Basis of Allotment Date	Nov 17, 2021
Initiation of Refunds	Nov 18, 2021
Credit of Shares to Demat Account	Nov 22, 2021
IPO Listing Date	Nov 23, 2021

Latent View Analytics IPO Lot Size

The Latent View Analytics IPO market lot size is 76 shares. A retail-individual investor can apply for up to 13 lots (988 shares or ₹194,636).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	76	₹14,972
Maximum	13	988	₹194,636

 

Latent View Analytics IPO - SWOT Analysis

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

 

How to apply for IPO?

You can apply for the 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 Sapphire Foods 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 Sapphire Foods IPO,
2. If you’re a new investor open demat account for free with Angel One using link https://tinyurl.com/k79bdf4z to begin your investment journey.