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Data Patterns (India) Limited IPO : Financial Details and Company Highlights

Data Patterns (India) Limited initiated its business operations in 1985. The company has been serving customers in the business segment of aerospace solutions. It provides defence and aerospace electronic solutions along with working in mechanical designing and development, firmware designing and development, environment testing and verification, engineering services, software designing and development and electronic hardware designing and development segment. Its facility is located in Chennai and has more than 5.75 acres of land under use. The expansion planning is going on for adding more 2.81 Acres of land into the facility.

IPO DETAILS

Data Patterns (India) Limited IPO is set to launch on 14th Dec., 2021. The subscription timeline extends till 16th Dec, 2021. The size for the IPO is 588.22 Crore Rs.. Shares issued through Fresh Issue are worth Rs. 240 Crore Rs. Shares issued through Offer for Sale are worth Rs. 348.22 Crore. The lot size is 25 shares and the price range is 555 Rs. – 585 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 2 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	14th Dec, 2021
CLOSING DATE FOR IPO	16th Dec, 2021
ISSUE TYPE	Book Built Issue
Face Value per share	2 Rs. per share
IPO price band	555 Rs. – 585 Rs.
LOT SIZE	25 shares
MINIMUM ORDER QUANTITY	25 shares
ISSUE SIZE	588.22 Crore Rs.
OFFER FOR SALE	348.22 Crore Rs.
FRESH ISSUE	240.00 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	24th Dec, 2021

IMPORTANT DATES

IPO OPENING DATE	14th Dec, 2021
CLOSING DATE FOR IPO	16th Dec, 2021
IPO ALLOTMENT DATE	21st Dec, 2021
REFUNDS	22nd Dec, 2021
DEMAT A/C CREDITED ON	23rd Dec, 2021
IPO LISTING DATE	24th Dec, 2021

Data Patterns (India) Limited IPO begins for subscription from 14th Dec, 2021. The IPO subscription would continue till 16th Dec, 2021. The allotment status for the shareholders who applied would come on 21st Dec, 2021. The refunds for the ones who did not get allotment would be initiated on 22nd Dec, 2021. The DEMAT accounts of shareholders would be credited on 23rd Dec, 2021. The listing of the company would be accompanied on 24th Dec, 2021.

Lead Managers And Promoters

The promoters of the company are Rekha Murthy Rangarajan and Srinivasagopalan Rangarajan.

The lead managers are :

JM Financial Consultants Private Limited
IIFL Securities Limited

The minimum lot size for the company is decided at 25 shares. This holding accounts to 14625 Rs.. The maximum lot size is decided at 325 shares. This amounts to 190125 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	25 shares	14625 Rs
Maximum	325 shares	190125 Rs

OBJECTIVES FOR THE IPO

The funds can be utilised for General corporate purposes.
Payment towards the outstanding amounts for borrowings.
Expansion of the Chennai Facility.
Funding requirements of the company.

COMPANY FINANCIALS

Particulars (in Million Rs.)	2020-21	2019-20	2018-19
ASSETS	3283	2953	2774
REVENUE	2265	1602	1325
NET PROFIT	556	210	77

The asset base of the company is expanding continuously. The company’s assets are increasing by 300 crore approximately every year. Along with this the revenues of the firm are also increasing steadily. The recent jump in revenues has caused a massive outburst in the profit figures. The profit margins of the company have boosted in the last F.Y. However if the trend continues the company is a great investment opportunity for investors. One has to wait for the current year’s annual earring to bet long on this stock.

PROS

Multiple business segmentation available.
Has a fleet of 760 employees and 450 engineers.
It has an experience of more than 3 decades.
Its facility is spread across 5.75 Acres of land at a single location.
Expansion plans are under process.

CONS

Only visible is the company’s completion in its segment. The aerospace industry is expiring a great hike and with that the competition is also building up. The company is currently working with a low capital in comparison to the industry it is working into.