Question 1

Is it possible to bid for this public issue of Data Patterns with a bank account that is not linked to the Angel One app?

Accepted Answer

Yes, you can bid for this public issue of Data Patterns with a bank account that is not linked to the Angel One app. In this case, the bank account must be in your name.

Question 2

I do not see my UPI ID in the dropdown menu of the Angel One app while applying for this public issue of Data Patterns. What is the reason behind this?

Accepted Answer

If you cannot find your UPI ID in the dropdown menu of the Angel One App, it might mean that your current UPI ID does not have NPCI’s approval. In such an occurrence, you can simply generate a new one with any of the UPI handles mentioned and approved under the NPCI List.

Question 3

Is it possible to change my IPO bid for the public issue of Data Patterns after submitting the application?

Accepted Answer

Yes, you can change the IPO bid for this Data Patterns’ public issue even after submitting its final application. Here, you have the opportunity to change your UPI ID and the lot size.
However, a point to remember here is that if you make any changes following the approval of your UPI mandate request, it will be then regarded as a new bid. Therefore, banks will block your bid amount besides your existing one. Additionally, you will get a new UPI mandate request like before.

Question 4

How can I apply for the public offering of Data Patterns via the Angel One App?

Accepted Answer

To apply for an IPO via the Angel One app, you can follow these steps –
Step 1: Go to the ‘Investment Opportunities’ section in the Angel One mobile app
Step 2: Proceed to the ‘IPOs and FPOs’ section and enter the necessary details
Step 3: Then, type in your UPI handle certified by NPCI
Step 4: Finally, click on ‘invest’ and submit your bid for this Data Patterns IPO

Question 5

Is it possible to apply for the public offering of Data Patterns without a UPI ID?

Accepted Answer

Yes, you can apply for the IPO of Data Patterns without a UPI ID. To do so, you can do so with the help of the ASBA process provided by your respective bank. However, if you do not have a UPI ID currently, you can simply generate one right away by resorting to any of the UPI handles mentioned on the NPCI List.

Question 6

Is it mandatory to approve a UPI mandate as soon as I receive it?

Accepted Answer

Yes, it is mandatory to approve a UPI mandate for this Data Patterns IPO or any other public issue as soon as you receive it. However, these windows of approval remain active from the closing bell of the previous working day to 12 noon of the following one.

Question 7

How to accept the UPI mandate request for this public issue of Data Patterns?

Accepted Answer

You can simply use a UPI App to accept the mandate request for this Data Patterns IPO. In this regard, you can click here to learn the specifics of this process and related steps.

Question 8

What is the procedure to create a UPI ID using the BHIM app?

Accepted Answer

To create a UPI ID using the BHIM app, you can follow these simple steps –
Step 1: Download and install the BHIM UPI app on your mobile phone
Step 2: Validate your mobile number and generate a PIN or password required to access this app
Step 3: Choose a bank from the financial institutions mentioned on NPCI’s list of registered services providers
Step 4: BHIM UPI App will then acquire your bank account information without any input from you
Step 5: However, if you have multiple bank accounts, select the one that you want to register and link with this app
Step 6: Finally, set up a personal UPI ID for security reasons
After that, you can check your UPI ID in the ‘Profile’ section of this app.

Question 9

How to find a UPI ID in the mobile app of Angel One?

Accepted Answer

You can find a UPI ID in the ‘profile’ section of the Angel One app.

Question 10

What is the minimum amount of time required to block or unblock funds for an IPO subscription?

Accepted Answer

As soon as you accept a UPI mandate request, banks will freeze the required funds for an IPO. However, if your UPI mandate expires or you fail to receive an allotment, the banks will unblock these funds.
Nonetheless, if these funds are not unblocked even after that, you can contact your respective banks for further clarification.

Question 11

Is it possible to apply for the public issue of Data Patterns via a Hindu Undivided Family or HUF account?

Accepted Answer

No, you cannot apply for the public issue of Data Patterns using a Hindu Undivided Family account. However, you can take the help of this account if you apply for any public issue via the ASBA process.

Question 12

Are NRIs eligible to use the Angel One app to apply for this IPO of Data Patterns?

Accepted Answer

No, NRIs are not eligible to use the Angel One app to apply for this IPO of Data Patterns. However, they can always avail of the Application Supported by Blocked Amount or ASBA process provided by different banks to submit bids for any public offerings of their choice.

Question 13

Is it possible to apply for the initial public offer of Data Patterns with a current account?

Accepted Answer

No, you cannot apply for the initial public offer of Data Patterns or any other company, for that matter, with a current account. Since financial institutions do not accept any IPO applications made via such accounts, you can use a savings account for this purpose. You can also talk to the representatives of your respective banks for more information.

Question 14

I have not managed to submit bids for this public offering of Data Patterns using my current UPI handle. What is the reason behind this?

Accepted Answer

The reason why you have not managed to submit bids for the IPO of Data Patterns using your existing UPI ID is that this UPI handle may not be NPCI approved. In that case, you can easily generate a fresh one through any of the service providers mentioned on the NPCI’s list to extend UPI service. You can just complete the due process and then apply for any IPOs you want.

Question 15

Can I apply for the IPO of Data Patterns using my minor daughter’s account?

Accepted Answer

No, you cannot apply for the IPO of Data Patterns or any other firm using your minor daughter’s account via the Angel One platform. However, a minor can bid for any public offering via the ASBA process.

Question 16

Even after approving the UPI mandate request of Data Patterns’ public offering, its status on the Angel One App is showing pending. What is the reason behind this?

Accepted Answer

If the status of your IPO mandate request is displaying pending on the Angel One app, there is nothing you can do about it. The reason behind this is that the Angel One app is not engineered to display real-time updates of UPI mandate requests. However, if you have accepted it, you can find its actual status in the order book of that public issue after a while.

Question 17

Is it possible to submit multiple bids for a public issue using a single PAN?

Accepted Answer

No, it is not possible to submit multiple bids for a public issue using one PAN. IPO applications get rejected in such cases as per the existing rules. Hence, you will fail to receive an allotment for this public offering of Data Patterns or any other firm.

Question 18

What is the minimum amount of time required to receive a UPI mandate request after submitting an IPO application?

Accepted Answer

The minimum time needed to receive a UPI mandate request after submitting an IPO bid is 10 to 15 minutes. However, this process gets hindered at times due to a number of reasons.

Question 19

Do I need to bear any extra charges to apply for this public issue of Data Patterns via Angel One platform?

Accepted Answer

No, you need not bear any extra charges to bid for this public issue of Data Patterns using the Angel One platform.

Question 20

What is a cut-off price? Can I bid for an initial public offering at this price?

Accepted Answer

A cut-off price is a price point at which the equity shares of Data Patterns or of other companies get listed on the share market. This is a previously determined price and is mainly decided during the allotment stage of an IPO. In addition, if you submit a bid at this price, it suggests that you are willing to apply for the public issue of Data Patterns at this price point.
Also, applying at a cut-off price enhances your chances of receiving an IPO allotment.

Question 21

Even after submitting the final application for Data Patterns IPO, the required funds are not debited yet. What can the reason?

Accepted Answer

The reason for the IPO related funds not being debited even after submitting the bids is that banks do not release funds related to a public issue just after you submit a bid. Alternatively, they will block this amount momentarily, and once you get an allotment, they will debit it.
On the other hand, if you do not receive an IPO allotment or your UPI mandate expires, banks will release this amount.

Question 22

How can I ensure allotment for this IPO of Data Patterns?

Accepted Answer

It is not possible to guarantee allotment for any public issue, irrespective of the company you choose to apply for. In the event of an oversubscription, which is a common affair, the allocation of shares is done via a lottery system. So, it is not probable to provide any conviction in this regard.
A point to keep in mind here is that the Angel One platform only permits you to apply for an IPO, and it does not offer any assurance regarding its allocation.
Nevertheless, you can increase your odds by keeping the below-mentioned points in mind –
● Applying at the cut-off price
● Using a Demat Account linked with your PAN
● Confirm that your bank account and UPI ID are linked through a single PAN, and failing to keep that can lead to rejection.
For instance, person X has applied for the Data Patterns IPO via his Demat Account but person Y’s UPI ID. In such cases, the application can get rejected due to –
● Person Y’s UPI ID is not linked with X’s PAN
● Person X’s Demat account is not linked with Y’s bank account

Question 23

What are the possible reasons behind the rejection of my IPO application for Data Patterns?

Accepted Answer

Probable reasons behind the rejection of your IPO application for Data Patterns are –
● Failing to ensure that your Demat account, UPI ID, and bank account are connected with the same PAN
● Entering an incorrect UPI PIN while approving the mandate
For example, if you use your Demat account to apply for this public issue and use your friend’s UPI ID to make payment. In that case, your application can get rejected –
● If your PAN and your friend’s UPI ID are not connected
● If your Demat account is not linked with your friend’s bank account

IPO Open Date	14 Dec 2021
IPO Close Date	16 Dec 2021
Basis Of Allotment Date	21 Dec 2021
Initiation Of Refunds	23 Dec 2021
Credit Of Shares To Demat ACcount	22 Dec 2021
IPO Listing Date	24 Dec 2021

Financial Year	Total Assets	Total Income	Total Expenses	Profit After Tax
March FY2021	Rs. 3,283.71	Rs. 2,265.50	Rs. 1,520.16	Rs. 555.71
March FY2020	Rs. 2,953.63	Rs. 1,601.92	Rs. 1,317.63	Rs. 210.48
March FY2019	Rs. 2,774.27	Rs. 1,325.09	Rs. 1,221.50	Rs. 77.02

Competitor	Face Value	Profit After Tax (in Millions)
MTAR Technologies Ltd.	Rs. 10	Rs. 460.66
Astra Microwave Products Ltd.	Rs. 2	Rs. 288.52
Centum Electronics Ltd.	Rs. 10	Rs. 120.39
Bharat Electronics Ltd.	Re. 1	Rs. 20,997.60

Data Patterns IPO