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.