LatentView Analytics submits draft papers with SEBI to raise Rs 600 crore via IPO

LatentView Analytics Ltd, a global digital analytics company, has filed a draft paper with the capital market regulator to generate ₹600 crore by selling shares.

LatentView Analytics Ltd, a global digital analytics company, has filed a draft paper with the capital market regulator to generate 600 crore by selling shares. The IPO comprises a new issue of  474 crore and an offer-for-sale (OFS) of 126 crore invested by its existing shareholder and promoters.
The OFS contains around 60.15 crore by Adugudi Viswanathan Venkatraman, 23.52 crore invested by Gopinath Koteeswaran, about 35 crore by Ramesh Hariharan, around 3.87 crore by Subramanian Ramachandran, 1.19 crore invested by Divya Balakrishnan, up to 1.15 crore contributed by Rajkumar Kaliyaperumal and around 73.50 lakh by Priya Balakrishnan.

Axis Capital, ICICI Securities and Haitong Securities India are the head managers of the issue. The proceeds from the 147.90 crore issue will be used to facilitate the funding of inorganic growth initiatives;  82.40 crore will cover the funding working capital requirements of its material subordinate LatentView Analytics Corp and  130 crore will be used for investment in order to expand future growth.

The firm is among the leading pure-play data analytics companies that impart services majorly to companies in Technology, CPG and Retail, Industrials, and BFSI industries. It possesses an extensive client base of 45 active clients globally as of fiscal 2021, comprising 21 of the Fortune 500, three of the Fortune 1000.

The company have chiselled the art of business analytics in accordance with customer profiling, targeted marketing, supply chain management, finance and risk management, and HR functions.

For the current fiscal year 2021, its overall income stood at 326.71 crore compared to the 329.67 crore previous year. Net profit for the year was 91.46 crore against the 72.85 crore a year ago. The distinguish its business into Consulting services, Data engineering, Business analytics and Digital solutions that it enhance and develop in a more sturdy way.

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