LATENT VIEW ANALYTICS LIMITED INITIAL PUBLIC OFFERING TO OPEN ON NOVEMBER 10, 2021

LATENT VIEW ANALYTICS LIMITED INITIAL PUBLIC OFFERING TO OPEN ON NOVEMBER 10, 2021

· Price Band fixed at Rs 190 to Rs 197 per equity share of face value of Rs. 1 each (“Equity Shares”)

· Offer to remain open from November 10, 2021 to November 12, 2021

Latent View Analytics Limited to open its initial public offering (“Offer”) on November 10, 2021.

The Price Band of the offer has been fixed at Rs. 190 to Rs. 197 per Equity Share. Bids can be made for a minimum of 76 equity shares and in multiples of 76 Equity Shares thereafter.

Company’s PAT margin for fiscal year 2019, 2020 and 2021 has been 20.72%, 23.47% and 29.90% respectively. The Company also has strong cash flow generation, having generated net cash of Rs. 11.32 crores, Rs. 23.94 crores and Rs. 61.81 crores in Fiscals 2019, 2020 and 2021. Accordingly the Company had cash position of nearly Rs. 280 crores on its balance sheet as of the period ended June 30, 2021.

The Company plans to deploy the cash on its balance sheet, as well as the fresh proceeds from the IPO towards accelerating its growth plans through organic and inorganics means. The Company plans to build capabilities and functional expertise in various sectors like BFSI, consumer products and retail. The Company also intends to expand its client base and geographic presence by focusing on client acquisition measures, including ramping up sales efforts. The Company is also exploring strategic acquisition opportunities that will enable it to gain access to new geographies, industries, and client base.

The IPO is consists of a sale of shares aggregating up to Rs. 600 crores. Of this, Rs. 474 crores is the fresh issue of shares, and Rs. 126 is the offer for sale. 75% of the Offer is to be allocated to Qualified Institutional Buyers, 15% to NIIs and 10% to retail investors. The allotment to anchor investors is expected to happen on November 9.