Latent View Analytics IPO
Latent View Analytics IPO — date, price band, lot size & details 2021
Latent View Analytics listed on 23 Nov 2021 at ₹512.2, 160% above the ₹197 issue price.
Latent View Analytics provides data and analytics consulting, data engineering, business analytics and digital solutions to large global companies. Its total income was Rs 326.71 crore in FY2021.
Stock price
Latent View Analytics is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 10 Nov 2021
- Close 12 Nov 2021
- Allotment 17 Nov 2021
- Refund/credit 18 Nov 2021
- Listing 23 Nov 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 12 Nov, 2021 |
|---|---|
| Price Band | ₹190 – ₹197 |
| Face Value | ₹1 |
| Lot Size | 76 Shares |
| Issue Size | ₹600 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 19.00 per share |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,972 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 76 shares at the ₹197 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 76 | ₹14,972 |
| Retail (max) | 13 | 988 | ₹1,94,636 |
| S-HNI (min) | 14 | 1,064 | ₹2,09,608 |
| S-HNI (max) | 66 | 5,016 | ₹9,88,152 |
| B-HNI (min) | 67 | 5,092 | ₹10,03,124 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 59.67 crore in FY2019 to Rs 91.46 crore in FY2021.
- 02Profit after tax was 28% of total income in FY2021, a high margin for a services firm.
- 03Rs 474.13 crore of the Rs 600 crore issue was fresh capital for growth and acquisitions.
- 04Net worth grew from Rs 266.87 crore on 31 March 2019 to Rs 462.04 crore on 30 June 2021.
- 05EBITDA rose from Rs 78.05 crore in FY2019 to Rs 112.88 crore in FY2021.
Risks · 5
- 01Total income was flat, at Rs 329.67 crore in FY2020 and Rs 326.71 crore in FY2021.
- 02The pre-issue P/E was 37.45 at the upper band of Rs 197, based on EPS of Rs 5.26.
- 03Revenue depends on a small number of large clients, many in the United States, which adds currency risk. Total income was Rs 91.74 crore in the three months to 30 June 2021.
- 04Total borrowing rose from nil on 31 March 2020 to Rs 67.40 crore on 30 June 2021.
- 05Promoter holding fell from 79.3% before the issue to 68.1% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Latent View Analytics offer document.
| Metric | 30 Jun 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 588.01 | 519.20 | 397.85 | 323.68 |
| Total Income | 91.74 | 326.71 | 329.67 | 295.90 |
| Profit After Tax | 22.31 | 91.46 | 72.85 | 59.67 |
| EBITDA | 28.69 | 112.88 | 95.85 | 78.05 |
| NET Worth | 462.04 | 437.79 | 347.92 | 266.87 |
| Reserves and Surplus | 461.23 | 436.97 | 347.11 | 266.06 |
| Total Borrowing | 67.40 | 22.61 | 0.00 | 0.00 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Latent View Analytics RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Latent View Analytics IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹5.26 | ₹4.51 |
| P/E Ratio (x) | 37.45 | 43.68 |
| Market Cap at Offer Price (₹ Cr) | ₹835.56 | ₹974.52 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹197 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹440.94 Cr of the issue is earmarked to named objects.
About the company
Its work falls into four areas. Consulting maps out a data and analytics roadmap, data engineering builds the data foundation, business analytics delivers insights for decisions, and digital solutions automate processes and predict trends.
Clients are blue-chip companies in technology, BFSI, consumer goods and retail, and industrials. It works across the United States, Europe and Asia through subsidiaries.
The IPO was Rs 600 crore, with Rs 474.13 crore of fresh issue and Rs 125.87 crore of offer for sale. Rs 147.90 crore was planned for inorganic growth and Rs 130.00 crore for investing in subsidiaries.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Latent View Analytics IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
71 issues handledBest listing: Clean Science & Technology (+95.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
65 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Shriram Properties (-23.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Latent View Analytics?
The current Grey Market Premium is ₹350, or 178% over the issue price.
What is the Latent View Analytics IPO price band?
₹190 to ₹197, on a face value of ₹1.
When is the allotment?
The basis of allotment is 17 November 2021, with listing on 23 November 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
