Latent View IPO to open on Nov 9
IPO will consist of Rs.474 crore and an Offer For Sale of up to Rs 126 Crore by its existing shareholder and promoters
Latent View analytics Ltd., a global digital analytics firm will open their Initial Public Offering(IPO) for subscription in November and close on November 11. The IPO will consist of Rs.474 crore and an Offer For Sale of up to Rs 126 Crore by its existing shareholder and promoters. Offer for Sale consists of Rs. 60.15 crore by Adugudi Viswanathan Venkatraman(Chairman), Rs. 23.52 crore by Gopinath Koteeswaran(CEO), Rs35 crores by Ramesh Hariharan, Rs. 3.87 crores by Subramanian Ramachandran, Rs.1.19 crore by Divya Balakrishnan, Rs.1.15 crore by Rajkumar Kaliyaperumal, and around Rs. 73.50 lakh by Priya Balakrishnan.
The lead managers to the issue are Axis Capital, ICICI Securities, and Haitong Securities India. Around Rs.147.90 crore worth of proceeds from the issue will be used for funding inorganic growth initiatives, Rs.82.40 crore for funding working capital requirements of the materials dept. of Latent View and Rs. 130 crore for investment to enhance their capital base for future growth.
Latent View is one of the leading data analytics companies and provides services primarily in technology, CPG and retail, to industrials and the banking, financial services, and insurance industries.