Latent View Analytics IPO Basis of Allotment

Our Company was incorporated as Latent View Analytics Private Limited on January 3, 2006, at Chennai, Tamil Nadu as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Tamil Nadu at Chennai. Our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at the EGM held on June 18, 2021, and the name of our Company was changed to Latent View Analytics Limited. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the Registrar of Companies, Tamil Nadu at Chennai on July 16, 2021. For details of change in name and Registered Office of our Company, see "History and Certain Corporate Matters" on page 157 of the Prospectus.

Our Company has filed the Prospectus dated November 17, 2021 with the Registrar of Companies, (the "Prospectus") and the Equity Shares proposed to be listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commence on November 23, 2021.

INITIAL PUBLIC OFFER OF 30,489,362 EQUITY SHARES OF FACE VALUE OF RS. 1 EACH ("EQUITY SHARES") OF LATENT VIEW ANALYTICS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 197 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 196 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TO RS. 6,000.00 MILLION (THE "OFFER") COMPRISING AFRESH ISSUE OF 24,093,423 EQUITY SHARES AGGREGATING TO Rs. 4,740.00 MILLION BY OUR COMPANY (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 6,395,939 EQUITY SHARES AGGREGATING TO Rs. 1,260.00 MILLION BY THE SELLING SHAREHOLDERS (THE "OFFER FOR SALE") COMPRISING 3,053,077 EQUITY SHARES AGGREGATING TO RS. 601,45 MILLION BY ADUGUDI VISWANATHAN VENKATRAMAN ("THE PROMOTER SELLING SHAREHOLDER''), 1,193,884 EQUITY SHARES AGGREGATING TO RS. 235.20 MILLION BY GOPINATH KOTEESWARAN, 1,776,652 EQUITY SHARES AGGREGATING TO RS. 350.00 MILLION BY RAMESH HARIHARAN, 196,334 EQUITY SHARES AGGREGATING TO RS. 38.68 MILLION BY SUBRAMANIAN RAMACHANDRAN, 60,420 EQUITY SHARES AGGREGATING TO RS. 11.90 MILLION BY DIVYA BALAKRISHNAN, 58,268 EQUITY SHARES AGGREGATING TO RS. 11.48 MILLION BY RAJKUMAR KALIYAPERUMAL, 37,316 EQUITY SHARES AGGREGATING TO RS. 7.35 MILLION BY PRIYA BALAKRISHNAN, 19,988 EQUITY SHARES AGGREGATING TO RS. 3.94 MILLION BY NAVIN LOGANATHAN (GOPINATH KOTEESWARAN, RAMESH HAR1HARAN, SUBRAMANIAN RAMACHANDRAN, DIVYA BALAKRISHNAN. RAJ KUMAR KALIYAPERUMAL, PRIYA BALAKRISHNAN, AND NAVIN LOGANATHAN TOGETHER, REFERRED TO AS THE "OTHER SELLING SHAREHOLDERS. AND TOGETHER WITH THE PROMOTER SELLING SHAREHOLDER, REFERRED TO AS THE "SELLING SHAREHOLDERS"AND SUCH EQUITY SHARES, THE "OFFERED SHARES"). THE OFFER CONSTITUTES 15.41 % OF THE POST-OFFER PAID- UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE OFFER INCLUDED A RESERVATION OF 337,078 EQUITY SHARES AGGREGATING TO RS. 60.00 MILLION (CONSTITUTING 0.17% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL). FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION^"). THE OFFER LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS "NET OFFER". THE OFFER AND NET OFFER CONSTITUTES 15.41% AND 15.24%, RESPECTIVELY, OF THE POST-ISSUE PAID- UP EQUITY SHARE CAPITAL OF OUR COMPANY. OUR COMPANY IN CONSULTATION WITH THE BRLMs, OFFERED A DISCOUNT OF RS. 19 OF THE ISSUE PRICE TO ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION ("EMPLOYEE DISCOUNT").

* Average cost for acquisition per equity share is NIL as the Selling Shareholder has acquired share via transfer ESOP or bonus issue of shares in ratio of 15:1 in the year 2010 and in the ratio 20:1 in the year 2021.

The Offer has been made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules 1957, as amended ('SCRR') read with Regulation 31 of the SEES ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein not lass man 75 % of the Net Offer was available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs', the "QIB Portion"), provided that our Company and the Selling Shareholders, in consultation with the BRLMs, allocated 60% of the QIB Portion to Anchor Investors on a discretionary bas s in accordance with the SEBI ICDR Regulations ('Anchor Investor Portion'), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids having been received from domestic Mutual Funds at or above the Anchor investor Allocation Price. Further, 5% of the QIB Portion (excluding Anchor Investor Portion) ('Net QIB Portion') was available for allocation on a proportionate basis only to Mutual Funds and the remainder of the Net QIB Portion was available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids having been removed at or above the Offer Price. However, if the aggregate demand from Mutual Funds was less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion were added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not more than 15% of the Net Offer was available for allocation on a proportionate basis 1o Non- institutional Bidders and not more than 10% of the Net Offer was available for allocation to Retail individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received at or above the Offer Price. Further, Equity Shares was allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids having been received from them at or above the Offer Price. All potential Bidders (except Anchor Investors) were required to maodatorily utilise the Application Supported by Blocked Amount ('ASBA') process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts were blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Offer through the ASBA process. For details, see 'Offer Procedure' beginning on page 301 of the Prospectus.

The bidding for Anchor investor opened and closed on November 9, 2021, The company received 34 applications from 22 anchor investors for 1,44,17,504 equity shares The Anchor investor price was finalized at Rs. 197 per Equity Snare. A total of 1,35,53,898 shares were allocated under the Anchor Investor Portion aggregating to Rs. 2,67,01,17,906 00.

The Offer received 33,83,190 applications for 5,66,84,42,596 Equity Shares (prior to technical rejections) resuming in 185.9154 times subscription. The details of the applicators received in the Offer from various categories are as under: (before technical rejections).

Final Demand

A summary of the final demand as at different Bid prices is as under:

The Basis of Allotment was finalized in consolation With the Designated Stock Exchange, being the BSE on November 17, 2021.

A. Allotment to Retail Individual Bidders (after technical rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Bidders, who have placed bid at the Cut-Off Price or at the Offer Price of Rs. 197 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 106.0914 times. The total number of Equity Shares Allotted in Retail Portion is 30,15,228 Equity Shares to 39,674 successful Retail Individual Bidder. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non-Institutional Bidders (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have placed bid at the Offer Price of Rs. 197 per Equity Share, was finalized in consultation with the BSE. The Non-Institutional Portion has been subscribed to the extent of 867.8118 times. The total number of Equity Shares Allotted in this category is 45,22,842 Equity Shares to 4,310 successful Non- Institutional Bidder. The category-wise details of the Basis of Allotment are as under: (Sample)

C. Allotment to Eligible Employees: (Upto Rs. 2,00,000)

The Basis of Allotment to the Employees, who have placed bid at the Offer Price of Rs. 178 (including discount of Rs. 19 per Equity Share offered to Eligible Employees) per Equity Share, was finalized in consultation with the BSE. The Employee Portion has been subscribed to the extent of 0.8584 times. The total number of Equity Shares Allotted in this category is 2,89,332 Equity Shares to 399 successful Employees. The category-wise details of the Basis of Allotment are as under

C. Allotment to Eligible Employees; (Above Rs. 200,000 and up to Rs. 5,00,000)

The Basis of Allotment to the Employees, who have placed bid at the Offer Price of Rs. 17% (including discount of Rs. 19 per Equity Share offered to Stable Employees) per Equity Share, was finalized in consultation with the BSE. The Employee Portion has been subscribed lo the extent of 4.5906 times. The total number of Equity Shares Allotted in this category is 47,746 Equity Shares to 183 successful Employees. The category-wise details of the Basis of Allotment are as under:

D. Allotment to QIBs

Allotment to QIBs, who have Bid at the Offer Price of Rs. 197 per Equity Share or above, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 149.5944 limes of QIB Portion. As per the SEBI Regulations, Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion available i.e. 453,016 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 8,607,300 Equity Shares on a proportionate basis total number of Equity Shares Allotted in the QIB Portion is 9,060,316 Equity Shares, which we allotted to 199 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:

E. Allotment to Anchor Investors

The Company in consultation with the BRLMs, have sweated 13,553,898 Equity Shares to 22 Anchor Investors (through 34 Applications) at the Anchor Investor Offer Price of Rs. 197 per Equity Share in accordance with the SEBI Regulations. The represents 60% of the QIB Portion.

The Board of Directors of our Company on November 18, 2021 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum-intimations and' or notices will be dispatched to the addles of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Offer Account have been issued on November 17, 2021 and payment to non- Syndicate brokers have been issued on November 18, 2021. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given before. The Equity Shares Allotted to the successful Allotted have been uploaded on November 18, 2021 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the Listing application with NSE and BSE on November 22, 2021. The Company has received listing and trading approval from NSE and BSE and the trading wit commence on November 23, 2021

All capitalized terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus,

This 5 with reference to the Prospectus dated November 17, 2021 ("Prospectus"). Attention of investors is drawn to the following:

On page 54 of the Prospectus, in the Offer details table- 'Net QIB Portion (assuming the Anchor Investor Portion is My subscribed)' should be read as "90, 60,31 6*" instead of "90,60,315*"

*Subject to finalisation of Basis of Allotment.

The Prospectus shall be read in conjunction with this Corrigendum. The information in this Corrigendum supersedes the information in the Prospectus 1o the extent inconsistent with the information in the Prospectus

The details of the allotment made will be hosted on the website of the Registrar to the Offer, Link Intimae India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ sole Bidder, Bid cum Application Form number, Bidder DP ID, Client ID. PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated intermediary where the Bid-cum-Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip receded from the Designated Intermediary at the address given below:

LINKIntime

Link Intime India Private Limited

C-101,1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai - 400 083 Maharashtra, India Tel: +91 22 4918 6200;

E-mail lalentview.ipo@linkintime.co.in Website: www.linkintime.co.in ; Investor grievance e-mail: lalentview.ipo@linkintime.co.in

Contact Person: Shanti Gooalkrishnan. SEBI Registration No. INR000004058

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF LATENT VIEW ANALYTICS LIMITED.

LATENT VIEW ANALYTICS LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and otter considerations, to make an initial public offering of its Equity Shares and has filed the Prospectus with the RoC and thereafter with SEBI and the Stock Exchanges. The Prospectus shall be available on the website of SEBI at www.sebi.gov.in , websites of the Stock Exchanges i.e. BSE Limited and National Stock Exchange of India Limited at www.bseindia.com andwww.nseindia.com , respectively, and Is available on the websites of the BRLMs, i.e. Axis Capital Limited, ICICI Securities Limited and Haitong Securities India Private Limited at www.axiscapital.co.in, www.icicisecurities.com and www.htisec.com/en-us/haitong-india, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see she section entitled "Risk Factors" on page 24 of the Prospectus.

The Equity Shares offered in the Offer have not beer and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any other applicable law of the United States and. unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws Accordingly, the Equity Shares are only being offered and sold (1) with in the United States only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the Securities Act, ("Rule 144A") in transactions exempt from, or not subject to, registration requirements of the Securities Act, ate (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and pursuant to he applicable laws of the jurisdictions where those offers and sates are made. There will be no public offering of the Equity Shares in the United States.