Draft papers of Rs 600 cr IPO filed by Latent View Analytics

The data analytics service provider Latent View Analytics has filed draft papers with major financial market regulator SEBI to raise funds through its first public offering (IPO).

The company aims to raise Rs 600 through a public issue containing a new release of Rs 474 million, and a promise to sell 126 billion by promoters and investors. The company has a total of 44 shareholders including two promoters.

As part of the sale agreement, promoter Adugudi Viswanathan Venkatraman will sell shares worth Rs 60.14 crore, investor Gopinath Koteeswaran will present shares of 23.52 rupees, and investor Ramesh Hariharan will sell shares for Rs 35 crore shares. -DRHP its.

Among the stockbrokers, Subramanian Ramachandran will issue shares of Rs 3.868 crore, Divya Balakrishnan will sell shares of 1.19 rupees, Rajkumar Kaliyaperumal will sell shares of 1,148 rupees, Priya Balakrishan Rsan and Rs. Offers include a portion of the company’s employees.

The proceeds from its new magazine will be used to fund non-profit growth programs, corporate financial management needs of LatentView Analytics Corporation, and investments in subsidiaries to grow the capital to grow in the future, as well as general business objectives.

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Latent View Analytics, is a leading data-play data analytics company, providing services to blue-chip companies in Technology, BFSI, CPG & Retail, Industrials and other industries. It is present in the United States, Europe and Asia. It has worked with more than 30 Fortune 500 companies for the last three investments including Adobe, Uber Technology and 7-Eleven.

The technical component contributed 63.25 percent of revenue for the financial year ended March 2021, BFSI 9.59%, CPG & Retail 9.62%, and Industry contributed 17.54 percent of revenue.
Facilitators Adugudi Viswanathan Venkatraman and Pradadwathi Jandhyala, who oversee the company’s day-to-day operations, account for 79.30 percent of the pre-delivery strike.

Adugudi Viswanathan Venkatraman is the founder and chairman of the company, and his wife and Pramadwathi Jandhyala are the founders and CEO of the company.

Among the public shareholders, Ramesh Hariharan holds a share of 9.67% and Gopinath Koteeswaran holds a 7.74% share in the company.

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Latent View Analytics reported a growth rate of 25.6 per cent annually with profits at Rs 91.463 crore for the financial year ended March 2021 and a growth rate of 22.1 per cent on the lows at Rs 72.845 crore at FY20 compared to the previous year. Revenue at the same time decreased by 1.4% to Rs 305.879 crore and grew by 7.8% to Rs 310.357 respectively.

Axis Capital, ICICI Securities and Haitong Securities India is a book run by leading managers in this regard.

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