Latent View Analytics Limited

About the company

Latent View Analytics was incorporated in 2006. It is primarily engaged in data and analytics consulting, advanced predictive analytics, data engineering and digital solutions. The company classifies its business into four areas: Consulting services, Data Engineering, Business Analytics and Digital Solutions. The company has long-lasting relationships with many Fortune 500 companies, handling their digital challenges and analytics. Below is the consolidated financial information of the company for the last three years: **Particulars**| **FY21**| **FY20**| **FY19** ---|---|---|--- **Strengths** * Provides in-depth expertise across customer analytics, marketing analytics, supply chain solutions, finance and risk analytics and HR analytics * Worked with 30 Fortune 500 companies over the last three years indicates marquee clientele * Diversified client base across size, industry and geography * Strong ties with top 5 clients for an average of 6+ years  * Strong financial performance with steady profit growth over the last three years.  * Presence in a variety of industries including BFSI, CPG & Retail, Tech and Industrials indicates client-industry diversification * The business model is supported by stable and recurring revenue **Opportunities** * Covid-19 accelerated the need for digital adoption across industries. As companies invest more in their digital and analytical capabilities, the total investment in digital tech is estimated to double from pre-pandemic levels to $2.4 trillion in 2024 * The global Enterprise Data Management (EDM) spending has been forecasted to grow from $64 billion in 2020 to $92 billion by 2024, an approximate CAGR of 10%. EDM is at the core of Latent View’s data analytics endeavours * Exploring new geographies such as Canada and APAC countries * The global predictive analytics market is expected to grow from $46 billion in 2020 to approximately $111 billion in 2024 at a CAGR of 25% **Risks** * Concentrated client portfolio – about 54% of revenues came from the top 5 clients in FY21 * Significant (over 90% in FY21) came from clients located in the US * Exchange rate fluctuations could affect financial performance * Outstanding tax litigation to the extent of ₹30 lakhs * Facing intense competition in key markets * Sales cycle is often long and unpredictable

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   10 Nov 2021

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   12 Nov 2021

   Last day to place your bid

3. Basis of Allotment

   Completed
   12 Nov 2021

   Share allotment finalised

4. Refund Initiation

   Completed
   18 Nov 2021

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   17 Nov 2021

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   23 Nov 2021

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.