Data Patterns IPO Review: Data Patterns initial public offer (IPO) will open for subscription on December 14th, 2021, and close on December 16th, 2021. The Chennai based company is looking to raise Rs. 588.22 crores through the IPO. In this article, we take a closer look at the Data Patterns  Ltd IPO Review and its possible future prospects. Keep Reading to find out!

About the Company 

Data Patterns Image

Founded in 1985, Data Patterns (India), is a defence and aerospace electronics solutions provider based in Chennai. The company caters to indigenously developed defense products industry. The company designs  strategic defence and aerospace electronics solutions including processors, power, radio frequencies and microwave, embedded software and firmware and mechanical engineering. These products are used across all 4 spectrums of defense and aerospace platforms i.e. space, air, land and sea. 

Total Assets | Data Patterns IPO Review

The company’s manufacturing facility in Chennai is a 100,00 sq ft factory. The factory has facilities for design, manufacturing and life cycle support of high-reliability electronic systems used in defense and aerospace applications. Data Patterns also plans to further expand their facility through the purchase of adjacent 2.81 acres of land. Their current facility is spread across 5.75 acres.

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Profit After Tax | Data Patterns IPO Review

The company reported its highest ever net profit of Rs. 55.57 crores last FY, This is more than double the profits it had earned the year before. During this period the company’s revenues increased from Rs. 156 crores to Rs. 223.9 crore.

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Grey Market Premium

Shares of Data Patterns traded at a 42% premium in the grey market as of 10th December.. The shares are traded at a price of Rs.835. This gives it a premium of Rs 250 over the issue price band of Rs.555-585 per share.

Key IPO Information

Promotors Holding Pre-Post Issue | Data Patterns IPO Review

Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan are the promoters of the company. They have appointed JM Financial and IIFL Securities as the lead managers to the issue. Link Intime India have been appointed as the registrar to the issue.

IPO Size₹588.22 Cr
Fresh Issue₹240.00 Cr
Offer for Sale (OFS)₹348.22 Cr
Opening dateDec 14, 2021
Closing dateDec 16, 2021
Face Value₹2 per equity share
Price Band₹555 to ₹585
Lot Size25
Minimum Lot Size1
Maximum Lot Size13
Listing DateDec 24, 2021

Purpose of the IPO

The proceeds of the IPO will be used for 

  • Prepayment or Repayment of borrowings 
  • Funding working capital requirements 
  • Upgrading And expanding its facility at Chennai
  • Other general corporate purposes.

In Closing 

In this article, we covered the Data Patterns IPO Review. The Initial Public Offering opens on December 14th and closes on December 16th.  The IPO will follow Paras Defence which was one of the most bought IPO’s in India at 304 times. For investors, it can be a good opportunity to look into the company and apply for the IPO after analysing the prospects and strengths. Let us know what you think about the Data Patterns IPO review in the comments below? Happy Investing! 

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