Bookbuilding IPO | ₹588 Cr | Listed at BSE, NSE | Tue, Dec 14, 2021 - Thu, Dec 16, 2021
Data Patterns IPO is a book build issue of ₹588.22 crores. The issue is a combination of fresh issue of 0.41 crore shares aggregating to ₹240.00 crores and offer for sale of 0.60 crore shares aggregating to ₹348.22 crores.
Data Patterns IPO bidding started from Dec 14, 2021 and ended on Dec 16, 2021. The allotment for Data Patterns IPO was finalized on Dec 21, 2021. The shares got listed on BSE, NSE on Dec 24, 2021.
Data Patterns IPO price band is set at ₹585 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹14,625 (25 shares) (based on upper price). The lot size investment for sNII is 14 lots (350 shares), amounting to ₹2,04,750, and for bNII, it is 69 lots (1,725 shares), amounting to ₹10,09,125.
IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Data Patterns IPO RHP for detailed Information.
IPO Open
Tue, Dec 14, 2021
IPO Close
Thu, Dec 16, 2021
Issue Price
₹585 per share
Market Cap (Pre-IPO)
₹3,035.37 Cr
| IPO Date | 14 to 16 Dec, 2021 |
| Listed on | Fri, Dec 24, 2021 |
| Face Value | ₹2 per share |
| Price Band | ₹555 to ₹585 |
| Issue Price | ₹585 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,00,55,114 shares (agg. up to ₹588 Cr) |
| Fresh Issue | 41,02,564 shares (agg. up to ₹240 Cr) |
| Offer for Sale | 59,52,550 shares of ₹2 (agg. up to ₹348 Cr) |
| Share Holding Pre Issue | 4,77,84,086 shares |
| Share Holding Post Issue | 5,18,86,650 shares |
| BSE Script Code / NSE Symbol | 543428 / DATAPATTNS |
| ISIN | INE0IX101010 |
Data Patterns IPO comprises a total issue size of 1,00,55,114 shares. Out of which, 50,27,556 (50.00%) are allocated to QIB, 15,08,268 (15.00%) allocated to NII 35,19,290 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 50,27,556 | 50.00% | NA |
| − Anchor Investor Shares Offered | 30,16,533 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 20,11,023 | 20.00% | NA |
| NII (HNI) Shares Offered | 15,08,268 | 15.00% | NA |
| Retail Shares Offered | 35,19,290 | 35.00% | 1,40,771 |
| Total Shares Offered | 1,00,55,114 | 100.00% |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,625 |
| Retail (Max) | 13 | 325 | ₹1,90,125 |
| S-HNI (Min) | 14 | 350 | ₹2,04,750 |
| S-HNI (Max) | 68 | 1,700 | ₹9,94,500 |
| B-HNI (Min) | 69 | 1,725 | ₹10,09,125 |
Data Patterns IPO raises ₹176.47 crore from anchor investors. Data Patterns IPO Anchor bid date is December 13, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Dec 13, 2021 |
| Shares Offered | 30,16,533 |
| Anchor Portion (₹ Cr.) | 176.47 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jan 20, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Mar 21, 2022 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all, or a portion, of certain outstanding borrowings availed by the Company | 60.80 |
| 2 | Funding working capital requirements of the Company | 95.19 |
| 3 | Upgrading and expanding our existing facilities at Chennai; | 59.84 |
| 4 | General corporate purposes | 65.29 |
The Data Patterns IPO is subscribed 119.62 times on December 16, 2021 5:00:00 PM (Day 3). The public issue subscribed 23.14 times in the retail category, 190.86 times in the QIB category, and 254.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 190.86 | 19,58,847 | 37,38,56,275 |
| NII | 254.22 | 15,41,532 | 39,18,89,825 |
| Retail | 23.14 | 35,96,906 | 8,32,39,625 |
| Total | 119.62 | 70,97,285 | 84,89,85,725 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 21.19 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 6.23 |
| 3 | Fees payable to the Registrar to the Offer | 0.35 |
| 4 | Fees payable to the other advisors to the Offer | 3.66 |
| 5 | Others | |
| 6 | (i) Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 4.32 |
| 7 | (ii) Printing and stationery expenses | 1.34 |
| 8 | (iii) Advertisement and marketing expenses | 3.14 |
| 9 | (iv) Miscellaneous | 1.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹585.00 | ₹585.00 |
| Open | ₹864.00 | ₹856.05 |
| Low | ₹744.05 | ₹743.85 |
| High | ₹864.00 | ₹864.00 |
| Last Trade | ₹754.85 | ₹755.00 |
Lead Manager Reports
Data Patterns IPO is a main-board IPO of 1,00,55,114 equity shares of the face value of ₹2 aggregating up to ₹588 Crores. The issue is priced at ₹585 per share. The minimum order quantity is 25.
The IPO opens on Tue, Dec 14, 2021, and closes on Thu, Dec 16, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Data Patterns IPO using UPI as a payment gateway. Zerodha customers can apply in Data Patterns IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Data Patterns IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Data Patterns IPO opens on Tue, Dec 14, 2021 and closes on Thu, Dec 16, 2021.
Data Patterns IPO lot size is 25, and the minimum amount required for application is ₹14,625.
You can apply in Data Patterns IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Data Patterns IPO will be done on Tuesday, December 21, 2021, and the allotted shares will be credited to your demat account by Thu, Dec 23, 2021. Check the Data Patterns IPO allotment status.
The Data Patterns IPO listing date is on Fri, Dec 24, 2021.
