Latent View Analytics IPO’s grey market indicates over 100% premium

• Data analytics services company Latent View Analytics’ IPO will open on November 10 and close on November 12.
• The company is looking to raise ₹600 crore through public listing.
• The grey market premium of the company’s shares show over 100% i.e ₹210 per share.

Data analytics services company Latent View Analytics initial public offering (IPO) is already seeking a lot of investor attention with its one of its kind business model and strong grey market premium.

The IPO of the company will open on November 10 and close on November 12.

Latent View Analytics is looking to raise ₹600 crore through the public listing of shares. The IPO comprises a fresh issue of ₹474 crore and an offer for sale of ₹126 crore by existing shareholders and promoters.

The grey market premium of the company’s shares show about 106% premium, which is ₹210 per share, indicating a potential strong demand for the issue, according to Mint.

Price band of the IPO is set at ₹190 to ₹197 per share. Investors applying for one lot of IPO may get 76 shares.

The 15-year old company provides analytics services such as data and analytics consulting, business analytics and insights, advanced predictive analytics, data engineering, and digital solutions. It provides services to blue-chip companies in technology, banking, financial services and insurance (BFSI), consumer packaged goods (CPG) companies and retail, industrials, and other industry domains.

The company will utilise net proceeds from fresh issue of the IPO into inorganic growth initiatives, working capital requirements of subsidiary Latent View Analytics Corporation and investment in subsidiaries to augment the capital base.

The company has a presence across countries in the United States, Europe, and Asia through their subsidiaries in the United States, Netherlands, Germany, United Kingdom, and Singapore, and their sales offices in San Jose, London, and Singapore. It gets 92% of its revenues from the US, 1.85% from UK, 1.41% from Netherlands and 3.86% from the rest of the world.

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