LatentView Analytics has released its IPO today. GMP, Key Details

IPO involves fresh issue of equity shares 474 crore and offer for sale of equity shares 126 crore by a promoter and existing shareholders. The company provides services ranging from data and analytics consulting to business analytics and insights, advanced predictive analytics, data engineering and digital solutions.

According to market observers, Latent View Analytics is available at a premium of share (GMP) 230 in the gray market. Analysts believe that the LatentView Analytics IPO provides an opportunity to invest in a pure-play analytics company.

“We believe that LatentView has unique product offerings, relevant experiences and customer-managed capabilities that help drive the company’s revenue and operational efficiencies. Going forward, the company’s strategy strives towards innovation. The objective is to adopt a focused go-to-market strategy to gain visibility, strengthen customer base and expand geographic presence. Further, it intends to expand through inorganic growth opportunities. Financial front. But the company is doing well. From a long-term perspective, we have a positive outlook on the company, Religare Broking said in a note.

The proceeds from the new issue will be used for inorganic growth initiatives, working capital requirements of the subsidiary Latentview Analytics Corporation, and for investments in the subsidiaries to increase their capital base for future growth and general corporate purposes.

“Latent View provides specialized solutions that are mostly in the Descriptive and Diagnostic Solutions and Predictive Analytics segment. These are expected to grow faster than the overall data and analytics market. The company is raising fresh capital and almost already 300 crore cash that can aid in pursuing growth. Hence on a forward basis, the valuations are quite attractive and hence we recommend subscribe on this issue,” said Milan Desai, Lead Equity Analyst, Angel One Ltd.