Business

Latent View IPO a play on analytics, but needs more data on growth

By Dan Neff

The company demands a price-earnings multiple of 43.7 considering annualised June 2021 quarter net profit and implied market cap.

Synopsis

Latent View Analytics, a small software exporter, plans to raise ₹474 crore through a fresh issue of shares and up to ₹126 crore through an offer for sale by promoters. The company operates in the fast-growing data analytics field with the majority of the revenue from the US, a large market for such services. However, it shows a high client concentration. Rising attrition is another headwind.

ET Intelligence Group: Latent View Analytics, a small software exporter, plans to raise ₹474 crore through a fresh issue of shares and up to ₹126 crore through an offer for sale by promoters.

The company operates in the fast-growing data analytics field with the majority of the revenue from the US, a large market for such services. However, it shows a high client concentration. Rising attrition is another headwind.

Even though its valuation

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff