The public issue of equity shares of Latent View Analytics Limited will open for subscription on November 10, 2021, and closes on November 12, 2021 It is expected to list on the stock exchanges on November 23, 2021 What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analysis the IPO.
Incorporated in 2006, the company is among the leading pure-play data analytics services companies in India. It provides services primarily to companies in Technology, Consumer Packaged Goods and Retail, Industrials, and BFSI industries. Almost 93% of its revenue from operations comes from the clients in the United States (FY 21). Apart from the US, it also serves clients across countries like Netherlands, Germany, UK, and Singapore.
The company classifies its services under 4 heads as following:
Consulting Services – Understanding relevant business trends, challenges, and opportunities and preparing a roadmap of data and analytics initiatives that addresses them
Data Engineering – To design, architect, and implement the data foundation required to undertake analytics
Business Analytics – Delivering analysis and insights for clients to take more accurate, timely, and impactful decisions
Digital Solutions – To automate business processes, predict trends, and generate actionable insights
Its clientele includes some of the Fortune 500 companies. Some of the key clients include Adobe, Uber Technology, and 7-Eleven.
Who are the Promoters of the Company?
Adugudi Viswanathan Venkatraman and Pramadwathi Jandhyala
Who are its key competitors?
Happiest Minds Technologies Limited
Why is the Company going public?
Given below are the objectives of the Company –
Funding inorganic growth initiatives
Funding working capital requirements of Latent View Analytics Corporation, its Material Subsidiary
Investment in its Subsidiaries to augment the capital base for future growth
General corporate purposes
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
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