LATENT VIEW ANALYTICS IPO

IPO Details:

Price Band: 190-197

Cutoff Price: 197

About Company:

Latent View is one among the leading pure-play data analytics services companies in India, based on the expertise of the entire value chain of data analytics from data and analytics consulting to business analytics and insights, advanced predictive analytics, data engineering and digital solutions. Across industries, data and analytics are being leveraged by enterprises to guide business strategy and optimize spending decisions amid growing financial uncertainties. Latent engage and provide services to blue chip companies in Technology, BFSI, CPG & Retail, Industrials and other industries. They have emerged as one of the most trusted partners to several Fortune 500 companies in recent years and have worked with over 30 Fortune 500 companies in the last three Fiscals.

Some of the key clients of Latent includes Adobe, Uber Technology and 7-Eleven.

Competitive Strengths:

1. Recognized leadership position in data and analytics with a wide range of capabilities.

2. Deep and entrenched relationships with blue chip clients across industries and geographies.

3. Consistent client driven innovation supported by functional expertise.

4. Scalable and attractive financial profile.

5. Strong leadership team guiding capability development and go-to-market strategy.

Strategies:

1. Leverage leadership position and partnerships with leading analytics technology companies to capitalize on growing industry opportunities.

2. Continue evolution to analytics thought partner on the back of deep business, technical, math and consulting expertise.

3. Strengthen the position among technology clients by focusing on digital native businesses.

4. Build capabilities and functional expertise with a focus on the BFSI, and CPG & Retail verticals.

5. Expand client base and geographic presence.

6. Strengthen the position globally through select inorganic opportunities.

Financial Performance:

Revenue is growing and company is net profitable. Company's Net Profit and EPS is also increasing. With EPS of 5.1, company cutoff price is at P/E of 38.6.

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilised in the following manner:

1. Offer for Sale

2. Funding inorganic growth initiatives

3. Funding working capital requirements of Latent View Analytics Corporation, Material Subsidiary

4. Investment in Subsidiaries to augment their capital base for future growth

Competitors Comparison:

There are no listed competitors of Latent View. Company cutoff price is at Price to Book Value of 7.7.

Grey Market Premium:

Our view: GMP of the IPO is good and the company is also profitable. Valuation seems to be decent. I will subscribe to this IPO for listing gains.

Disclaimer: Views are shared for an educational purpose. Please consult your financial advisor or planner before taking any action based on the views or facts shared on this blog.

Like and share with others too so that they can get the gist of this IPO.