Latent view Analytics IPO opens today: Why should you do Subscribe it or not?
The 15-year-old Data analytics company, Latent View Analytics specializes in business analytics and insights, advanced predictive analytics, data engineering, and digital solutions. The company offers its services to blue-chip companies in technology, banking, financial services, and insurance (BFSI), consumer packaged goods (CPG) companies, retail, and industrial sectors.
The Initial Public Offering of LVA opened for subscription today – November 10 and concludes on November 12. As part of the public listing the company raised 600 crores through an IPO, which comprises of a fresh issue of Rs 474 crores and an offer of sale (OFS) of Rs 126 crores. Inorganic growth initiatives and working capital requirements will be funded with the IPO proceeds, as well as general corporate purposes. The price band has been fixed at 190-197 per equity share. A market lot size of 76 shares is set for the Latent View Analytics IPO. Retail investors are allowed to purchase for up to 13 lots (988 shares up to ₹194,636).
Latent View Analytics
SKW Investment Adviser market experts feel that there is a great demand for pure play Data Analytics companies in the future. D & A is one of the fastest growing segments of the digital spends and India is outsourcing destination for analytics. With an established track record in blue-chip industries such as technology, CPG & retail, BFSI, industrials, and others, Latent View Analytics has built a deep relationship with customer companies across the globe. In the last three fiscal years, it has worked with more than 30 Fortune 500 companies, including Adobe, Uber, and 7-Eleven. Furthermore, brokerage firms also see future demand for analytics services to address complex customer problems, which is another reason for their bullish outlook on the market.
