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Data Patterns (India) Limited IPO Detail

Data Patterns (India) Limited IPO Detail

Incorporated in 1985, Data Patterns is a defense and aerospace electronics solutions provider catering to the indigenously developed defense products industry. The company offers products to the entire spectrum of defense and aerospace platforms - space, air, land, and sea.  The company's core competencies include electronic hardware design and development, software design and development, firmware design and development, mechanical design and development, product prototype design and development, functional testing and validation, environment testing and verification, and engineering services opportunities.

The company's manufacturing facility consists of a 100,000 square feet factory built on 5.75 acres of land in Chennai, which has facilities for design, manufacturing, qualification, and life cycle support of high-reliability electronic systems used in defense and aerospace applications. The company is also planning to acquire an additional 2.81 acres of adjacent land for further expansion. As of July 31, 2021, Data Patterns had 760 employees with more than 450 qualified engineers.

Competitive Strengths:

  • Strategic defense & aerospace electronics solutions provider, well-positioned to benefit from the Make in India opportunity.
  • Innovation focussed business model
  • Sound order book with orders from several prestigious customers in the Indian defense ecosystem
  • The modern certified manufacturing facility of international standards
  • Track record of profitable growth
  • Experienced management team and skilled workforce

Company Promoters

Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan

IPO Details

IPO Opening DateDec 14, 2021
IPO Closing DateDec 16, 2021
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price ₹555 - 585 per equity share
Market Lot25 Shares
Min Order Quantity25 Shares
Listing AtBSE, NSE
Issue Size₹588.22 Cr
Fresh Issue₹240.00 Cr
Offer for Sale₹348.22 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0x 1.46x 5.89x 0x - 3.3x
Day 2 0.92x 5.2x 12.42x 0x - 7.68x
Day 3 190.86x 254.22x 23.14x 0x - 119.62x

IPO Tentative Timetable

The Data Patterns (India) Limited IPO open date is Dec 14, 2021, and the close date is Dec 16, 2021. The issue may list on Dec 24, 2021.

IPO Open DateDec 14, 2021
IPO Close DateDec 16, 2021
Basis of Allotment DateDec 21, 2021
Initiation of RefundsDec 22, 2021
Credit of Shares to Demat AccountDec 23, 2021
IPO Listing DateDec 24, 2021

IPO Lot Size

The Data Patterns (India) Limited IPO market lot size is 25 shares. A retail-individual investor can apply for up to 13 lots (325 shares or ₹190125).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding59.95%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 328.37 226.55 55.57
31-Mar-20 295.36 160.19 21.04
31-Mar-19 277.42 132.50 7.70

Objects of the Issue:

The IPO aims to utilize the net proceed towards the following purposes;

  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
  • Funding working capital requirements of the company.
  • Upgrading and expanding company’s existing facilities at Chennai.
  • Meet general corporate purposes.

Data Patterns (India) Limited IPO Registrar:

Link Intime India Private Ltd

Data Patterns (India) Limited IPO Lead Manager(s):

IIFL Securities Ltd, JM Financial Consultants Private Limited