Incognito Views Analytics IPO: The month of November is full of IPO launches. IPO launches for three companies have already marked the beginning of this month, while several others are set to launch in the later days. If you are also planning to make profitable investments, then you can invest in this upcoming IPO. Latent View Analytics, a data analytics services company, will launch its IPO on November 10. Through this, the company will list its shares on the Bombay Stock Exchange and the National Stock Exchange.
Check IPO Details Here
The company had informed about the IPO launch on November 3. If you also have some savings, then you can earn profits by investing them in the market. Let’s take a look at the details of this IPO.
Incognito View Analytics IPO Details
- The IPO will open for subscription on November 10, 2021.
- Investors can bid for the shares till 12 November 2021.
- The minimum amount to be invested in IPO is Rs. 14, 440.
- The proposed price band has been fixed between Rs. 190 and Rs. 197.
- Investors have to bid for at least one lot.
- There are 76 shares in each lot.
- The size of this IPO issue has been fixed at Rs. 600 crores.
- Investors can apply for a maximum of 13 lots.
Shares of Rs. 474 crores to be released:
Shares of Rs. 6 crores has been specially reserved for the employees of the company. Anchor investors can start their bidding till November 9. Through this IPO, the company will issue new shares of Rs. 474 crores. Whereas, the share is Rs. 126 crore will also be released through ‘Offer for Sale’.
Where will the money be used?
According to the company, the money raised from this IPO will be used 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.
Current Major Shareholders in this Company:
Under the ‘offer for sale’, promoter A Viswanathan Venkataraman will sell shares worth Rs. 60.14 crore, as reported by PTI. On the other hand, shareholder Ramesh Hariharan will sell shares worth Rs. 35 crore and his co-shareholder Gopinath Koteswaran will sell shares worth Rs. 23.52 crore, under ‘Offer for Sale’. Venkataraman currently holds 69.63% stake in the company, while Koteswaran holds 7.74% and Hariharan holds 9.67% stake in the company, according to PTI.
Conducts most of its business from US markets:
The company makes most of its business, 92.88% to be exact, from US markets. It also makes 1.85% of its business from the UK markets. The company’s overall consolidated profit grew by 25.6% to Rs. 91.46 crore in 2021.
About Company: The data analytics services company provides services to clients through its subsidiaries in the Americas, Europe (Netherlands, Germany, UK) and Asia (Singapore). The company has its sales offices in San Jose, London and Singapore from where the company operates.
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