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