{"id":8700,"date":"2021-12-14T21:54:11","date_gmt":"2021-12-14T16:24:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-data-patterns-2\/"},"modified":"2021-12-14T21:54:11","modified_gmt":"2021-12-14T16:24:11","slug":"biz-ipo-data-patterns-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-data-patterns-2\/","title":{"rendered":"Data Patterns IPO fully subscribed on Day 1 of offer"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4283211654\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Dec 14 (PTI) The initial public offer of Data Patterns (India) Limited, which supplies electronic systems to the defence and aerospace sector, was subscribed 3.30 times on the first day of subscription on Tuesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2597859965\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The Rs 588.22-crore initial share sale received bids for 2,34,31,875 shares against 70,97,285 shares on offer, according to data with the NSE.<\/p>\n<p>The retail individual investors (RIIs) category was subscribed 5.89 times and non-institutional investors 1.46 times.<\/p>\n<p>The initial public offer has a fresh issue component of up to Rs 240 crore and an offer for sale up to 59,52,550 equity shares.<\/p><div class=\"trade-content_5\" id=\"trade-2372258096\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Data Patterns IPO has a price range of Rs 555-585 per share.<\/p>\n<p>Data Patterns on Monday collected Rs 176 crore from anchor investors.<\/p>\n<p>The company intends to utilise the net proceeds from the fresh issue for repayment of the debt, funding its working capital and up-gradation and expansion of its existing facilities besides general corporate purposes.<\/p>\n<p>Data Patterns is backed by former Blackstone head Matthew Cyriac via Florintree Capital Partners LLP, which holds a 12.8 per cent stake in the company.<\/p>\n<p>Founded by Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan, Data Patterns is a vertically integrated defence and aerospace electronics solutions provider that caters to requirements across space, air, land and the sea.<\/p>\n<p>Its core competencies include design and development across electronic hardware, software, firmware, mechanical, product prototype besides its testing, validation and verification.<\/p><div class=\"trade-content-10\" id=\"trade-2472846764\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Its involvement has been found across radars, underwater electronics\/ communication, electronic warfare suites, avionics, small satellites, automated test equipment, and programmes catering to Tejas light combat aircraft, light utility helicopter, BrahMos and other communication and electronic intelligence systems.<\/p>\n<p>It had developed the first nanosatellite &#8220;NiUSAT&#8221;, which thereafter deployed in 2017. In addition, two more satellites are in progress, the draft papers noted.<\/p>\n<p>Data Patterns works closely with the defence PSUs such as Hindustan Aeronautics Ltd and Bharat Electronics Ltd as well as government organisations involved in defence and space research like DRDO.<\/p>\n<p>JM Financial and IIFL Securities are the managers of the offer. PTI SUM  SUM BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-617078167\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 14 (PTI) The initial public offer of Data Patterns (India) Limited, which supplies electronic systems to the defence and aerospace sector, was subscribed 3.30 times on the first day of subscription on Tuesday. The Rs 588.22-crore initial share sale received bids for 2,34,31,875 shares against 70,97,285 shares on offer, according to data [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1516,31],"tags":[],"class_list":["post-8700","post","type-post","status-publish","format-standard","hentry","category-ipo","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Data Patterns IPO fully subscribed on Day 1 of offer - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ipo-data-patterns-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Data Patterns IPO fully subscribed on Day 1 of offer\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 14 (PTI) The initial public offer of Data Patterns (India) Limited, which supplies electronic systems to the defence and aerospace sector, was subscribed 3.30 times on the first day of subscription on Tuesday. 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