NEW DELHI : LatentView Analytics Ltd, a global digital analytics company, has filed a draft paper with the capital markets regulator to seek an increase ₹600 crore by selling stocks.
The IPO consists of a new issue of ₹474 crore and an offer-for-sale (OFS) of up to ₹126 crore from its existing shareholders and promoters.
The SFO includes up to ₹60.15 crore by Adugudi Viswanathan Venkatraman, up to ₹23.52 crore of Gopinath Koteeswaran, up to ₹35 crore by Ramesh Hariharan, up to ₹3.87 crore of Subramanian Ramachandran, up to ₹1.19 crore from Divya Balakrishnan, up to ₹1.15 crore of Rajkumar Kaliyaperumal, up to ₹73.50 lakh from Priya Balakrishnan.
Axis Capital, ICICI Securities and Haitong Securities India are the lead managers of the issue.
Well worth the proceeds from the issue ₹147.90 crore will be used to fund inorganic growth initiatives; ₹82.40 crore will be used to fund the working capital needs of its physical arm LatentView Analytics Corp and ₹130 crore to invest in his arm to increase his capital base for future growth.
The company is one of the leading pure data analytics companies in India and has become one of the most trusted partners of several Fortune 500 companies in recent years. It provides services primarily to companies in the technology, CPG and retail, industrial and BFSI sectors. It has a diversified customer base of 45 active customers worldwide that it served in fiscal 2021, including 21 of the Fortune 500 and three of the Fortune 1000.
The company designs and develops results-oriented analytics solutions for its clients that enable them to work more efficiently by predicting outcomes that drive digital transformation and sustainability. His business analytics expertise includes customer profiling, targeted marketing, supply chain management, finance and risk management, and HR functions.
For the fiscal year 2021, the total income was ₹326.71 crore versus ₹329.67 crore a year ago. The annual surplus was ₹91.46 crore versus ₹72.85 crore last year.
The company classifies its business into: Consulting services, which include understanding relevant business trends, challenges, and opportunities and creating a roadmap of data and analytics initiatives to address them; Data engineering, which is performed to design, design, and implement the data foundation required to perform analytics; Business analytics that provide customers with analytics and insights to help them make more accurate, timely, and impactful decisions; and digital solutions it develops to automate business processes, predict trends, and generate actionable insights.
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