Latent View Analytics IPO: Another company’s IPO has been opened, you can invest money till November 12

Latent View Analytics IPO: If you too have missed investing money in the last IPO, then do not worry at all. You still have one more chance. The IPO of data analytics services company Latent View Analytics is open for subscription. If you are also thinking of investing then you can invest money. The company’s IPO has opened today i.e. on November 10 and you can invest money in it till November 12. Let us tell you about this IPO in detail-

Latent View Analytics IPO Details

• Investors will have to invest a minimum of Rs 14440 in IPO.
• The price band of the IPO has been fixed at Rs 190-197.
• Investors can bid for a minimum of one lot.
• You will get 76 shares in one lot.
• The size of the issue has been fixed at Rs 600 crore.
• You can apply for this IPO maximum 13 lot size.

Trading at Rs 427
The stock is trading at a premium of Rs 230 in the gray market. The issue of the company is Rs 190-197. If we look at the upper price band, then the company’s stock is trading at Rs 427.

How much will the shares be issued for?
In this IPO, shares worth Rs 6 crore have been kept in reserve for the employees of the company. Anchor investors can bid in this IPO on November 9. Through this IPO, the company will issue new shares worth Rs 474 crore. At the same time, shares worth Rs 126 crore will be issued through offer for sale.

Where will the money be used?
The company will use the money raised through this IPO for acquisitions for in-organic growth. In addition, the funds will also be used to meet the working capital requirements of Latent View Analytics Corporation.

America has the highest income
Talking about the business of the company, the company earns the most from America. 92.88 percent of the company’s income comes from America. At the same time, UK’s income is only 1.85 percent. In the year 2021, the company’s total consolidated profit has increased by 25.6 percent. After this increase, it has reached 91.46 crores.

Where are the company’s offices
The company provides services to clients through its subsidiaries in the US, Europe (Netherlands, Germany, UK) and Asia (Singapore). At the same time, the company’s sales offices are located in San Jose, London and Singapore, from where the company does business.

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