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Latent View Analytics more than doubled its stock market debut




Latent View Analytics stocks made a strong debut in trading today, growing to 531 in the first exchanges compared to the issue price of 197. The IPO of Latent View Analytics Limited was the most successful IPO ever in terms of number of subscriptions. The show received a massive response from all categories of investors and was subscribed 326 times. The Retail Individual Investor (RII) segment was subscribed nearly 120 times while the Non-Institutional Investor category was subscribed 850.66 times while the Qualified Institutional Buyer (QIB) portion 145.48 times.

The 600 crore Latent View Analytics IPO included a new number of up to 474 crore and a sell offer of up to 126 crores. The price range of the offer was set at 190-197 per share. Prior to the IPO, Latent View Analytics had raised 267 crore from anchor investors.

The company has seen an outstanding response from investors where the IPO has been subscribed 326 times. Investors who have obtained the award can set a stop loss of 450 and hold the stock with a long-term view, while new investors should look for a downside to buy the stock. It is the first of its kind to be listed on the Indian Apple-to-Apple Peer-to-Peer Stock Market. It therefore has a first-come advantage that is based on solid management and fundamentals with growing margins. There is a risk of income concentration and income growth has been moderate over the past three years. However, the industry is expected to grow at a CAGR of 15-20% over the next 3 years, which will increase the company’s revenue, ”said Parth Nyati, Founder of Tradingo.

The proceeds of the new issue will be used to fund inorganic growth initiatives, the working capital requirements of the subsidiary Latent View Analytics Corporation and investments in subsidiaries to increase their capital base for future growth and general objectives of the company.

Latent View Analytics is one of the leading pure-play data analytics service companies in India. It provides services across the entire value chain from data analytics, from data and analytics consulting to business analytics and insights, to advanced predictive analytics, data engineering. and digital solutions. Across all industries, data and analytics.

During the three months ended June 30, 2021 and June 30, 2020 and in fiscal years 2021, 2020 and 2019, the revenues from customer operations in the United States represented 94.79%, 91.69%, 92.88 %, 92.33% and 90.91% of their turnover. transactions during these periods, respectively, and the revenues of UK clients’ transactions represented 0.65%, 2.02%, 1.85%, 1.78% and 3.75% of their revenues from operations during these periods, respectively.

Many brokerage firms had recommended subscribing to the show. Latent View Analytics has a recognized leadership position in data and analytics with a wide range of capabilities as well as deep and strong relationships with leading clients in all industries and geographies. The data and analytics industry in which the company operates looks promising given future growth prospects with an expected CAGR growth of 18% by 2024 to $ 333 billion, ”said Anand Rathi.

“The company is available at the high end of the IPO price range at 42.6 times its profit for fiscal year 21 attributable to post-issue equity, requiring a market cap of Rs. 38,963 million. upper end of the IPO price range, the issue’s price is at a P / BV of 7.29x based on its NAV of Rs. 27.02 as of June 30, 2021. The company has a margin profile healthy with a three-year average RoNW of 21.15%. some of the Fortune 500 companies, its leading position in the industry, we recommend a “Subscribe” rating to this IPO, “the house of brokerage in a note. (With contributions from the agency)

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