On 22 September 2021, defence electronics manufacturers Electronics Mart and Data Patterns filed their initial draft paper with the market regulator SEBI.
Following is a look at the available information about these upcoming IPOs.
This defence electronics player is aiming to fundraise a maximum of Rs. 700 crores through its initial public offering. The said public offer will comprise a fresh issue of equity shares worth Rs. 300 crores. It will also consist of an offer for sale of 60,70,675 shares by its selling shareholders and promoters.
Here’s a quick breakdown of its Data Patterns’ OFS:
Data Patterns may carry out a pre-IPO placement to raise Rs. 60 crores. If the company goes ahead with its pre-public offer plan, net proceeds raised from its public offer will be reduced.
Here’s how Data Patterns intends to utilise the net proceeds from its upcoming IPO:
As of July 2021, Data Patterns’ order book stood at Rs. 582.30 crores, representing a CAGR of 40.72%. Here are the other key highlights of Data Pattern’s financials in FY21:
According to the DRHP, JM Financial and IIFL Securities have been appointed as the book running lead managers of this upcoming IPO.
This consumer durable retail chain has filed its initial draft papers to raise Rs. 500 crores. Electronics Mart is yet to share information regarding the composition of its initial public offer.
Electronics Mart plans to use its proceeds from IPO in these ways:
Besides these, the company plans to use net proceeds from its IPO to meet general corporate expenses.
Though Electronics Mart managed to generate profits, the same has declined when compared to last year. It is believed that pandemic, coupled with reduced consumer spending, has eroded its scope of generating increased revenue.
That said, here are the key financial highlights of this company:
Per the DRHP, entities such as JM Financial, Anand Rathi Advisors, and IIFL Securities will act as this public offering’s lead managers.
With Paras Defence already paving the way in the market among defence electronics manufacturers, Data Patterns and Electronics Mart IPO can also be popular among investors. Nonetheless, investors must tread cautiously before proceeding with any undertaking.
Get all the latest news and developments of these upcoming IPOs from us. Keep an eye on Angel One’s blog section to receive timely information about the stock and IPO market.
Data Patterns is yet to release information about its IPO public subscription and timeline details.
Pavan Kumar Bajaj is the owner of Electronics Mart.
Information about Electronics Mart IPO type is yet to be shared.
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