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All that you should know about the Company before applying for the IPO.
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:
Its clientele includes some of the Fortune 500 companies. Some of the key clients include Adobe, Uber Technology, and 7-Eleven.
Adugudi Viswanathan Venkatraman and Pramadwathi Jandhyala
Happiest Minds Technologies Limited
Given below are the objectives of the Company –
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.
| IPO Size | ₹ 600 Crore |
|---|---|
| Offer Mix | Fresh Issue ₹ 474 Crore + Offer For Sale ₹ 126 Crore |
| Price Band | ₹ 190 - ₹ 197 |
| Lot Size | 76 Shares (& in multiples thereof) |
| Face Value | ₹ 1 |
| Application Amount | Min. ₹ 14,972 (1 lot) | Max. ₹ 1,94,636 (13 lots) [at upper price band] |
| Listing on | NSE & BSE |
| Registrar | Link Intime India Private Limited |
| Cut-off time for UPI Mandate Confirmation | 15-Nov-2021 (up to 12:00 PM) |
| QIB | ₹ 445.50 Crore (75% of Net Issue Size) |
|---|---|
| NIB | ₹ 89.10 Crore (15% of Net Issue Size) |
| Retail | ₹ 59.40 Crore (10% of Net Issue Size) |
| Employee Reservation Portion | ₹ 6 Crore |
| Activity | Date |
|---|---|
| IPO Opens | November 10, 2021 |
| IPO Closes | November 12, 2021 |
| Finalization of the basis of allotment | November 17, 2021 |
| Unblocking of funds / Initiation of refunds | November 18, 2021 |
| Credit of equity shares to Demat accounts | November 22, 2021 |
| Listing of equity shares | November 23, 2021 |
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