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Data Patterns IPO

Data Patterns (India) Ltd. provides aerospace electronics and defence solutions. This company was incorporated in 1995. With over two decades of experience, Data Patterns caters to the Indian defence industry with its reliable products and services. The company has developed plenty of electronic systems with unparalleled attention to detail for its clientele. The product portfolio of Data Patterns includes ATE & Test systems, COTS Boards, Electronic Warfare, RF & Microwave, Radar and its Subsystems, Cockpit & Rugged Displays, Avionic Systems, Space Systems, Naval Systems, Power Supply, Communications Products, etc. This company also provides Product Development Services, Hardware Design, FPGA Services, Manufacturing Services, Software Services and Environmental Qualification Testing Services.

Data Patterns offers its products and services to clients like Bharat Electronics, INS Garuda, Bharat Dynamics Ltd., Indian Government Space Organisation, INS Kunjali, Naval Aircraft Yard Cochin & Goa, WESEE, Brahmos Aerospace Ltd., National Institute of Ocean Technology, Indira Gandhi Centre for Atomic Research, Hindustan Aeronautics Ltd., and many more. This company has a workforce of 760 employees, out of which over 450 are qualified engineers.

Data Patterns IPO Objectives :

● Total or partial repayment or prepayment of the company’s outstanding borrowings.

● To fund its working capital requirements.

● To expand and upgrade its facilities at Chennai.

● General corporate purposes.

Data Patterns IPO – Details

According to the draft red herring prospectus filed with SEBI, Data Patterns is launching this IPO to raise nearly Rs. 588.22 crores. This public issue will consist of fresh issuance of equity shares worth Rs. 240 crores. Furthermore, there will be an offer for sale of 59,52,550 shares amounting to about Rs. 348.22 crores. The pre-IPO promoter shareholding is 58.63%, which will come down to 45.62% after this public issue. The share allocation for this initial public offering is –

1. For Qualified Institutional Buyers, it is not more than 50%
2. For Non-institutional Investors or High Networth Individuals, it is a maximum of 15%
3. For Retail Individual Investors, it is not more than 35%
Furthermore, the book running lead managers of this public offering of Data Patterns are –
1. JM Financial Limited
2. IIFL Securities Limited
In addition, Link Intime India Private Limited is the registrar of this public issue.

Opening Date

14 Dec 2021

Closing Date

16 Dec 2021

Price Band

₹555 to ₹585

per equity share

Issue Size

₹588.22 Cr

Face Value

₹ 2

per equity share

Market Lot

25 Shares

Opening Date

14 Dec 2021

Closing Date

16 Dec 2021

Price Band

₹555 to ₹585

per equity share

Issue Size

₹588.22 Cr

Face Value

₹ 2

per equity share

Market Lot

25 Shares

Listing at NSE, BSE

Data Patterns IPO Important Dates

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

Data Patterns IPO Latest News and Subscription Status Today [Live]

At 10:40:00 AM.

- This IPO has been subscribed 7.68x by 10:40 AM. on Day 3

- It is a public issue of 70,97,285 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.92x

- (NII) Non-institutional buyers: 5.20x

- (RII) Retail Individual buyers: 12.42x


At 11:40:00 AM.

- This IPO has been subscribed 9.74x by 11:40 AM. on Day 3

- It is a public issue of 70,97,285 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.93x

- (NII) Non-institutional buyers: 8.03x

- (RII) Retail Individual buyers: 15.27x


At 12:40:00 PM.

- This IPO has been subscribed 12.56x by 12:40 PM. on Day 3

- It is a public issue of 70,97,285 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 2.90x

- (NII) Non-institutional buyers: 15.35x

- (RII) Retail Individual buyers: 16.61x


At 2:10:00 PM.

- This IPO has been subscribed 66.51x by 2:10 PM. on Day 3

- It is a public issue of 70,97,285 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 46.95x

- (NII) Non-institutional buyers: 201.83x

- (RII) Retail Individual buyers: 19.16x


At 3:10:00 PM.

- This IPO has been subscribed 104.92x by 3:10 PM. on Day 3

- It is a public issue of 70,97,285 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 157.07x

- (NII) Non-institutional buyers: 233.02x

- (RII) Retail Individual buyers: 21.62x


At 4:10:00 PM.

- This IPO has been subscribed 119.48x by 4:10 PM. on Day 3

- It is a public issue of 70,97,285 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 190.86x

- (NII) Non-institutional buyers: 254.22x

- (RII) Retail Individual buyers: 22.86x


At 5:10:00 PM.

- This IPO has been subscribed 119.62x by 5:10 PM. on Day 3

- It is a public issue of 70,97,285 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 190.86x

- (NII) Non-institutional buyers: 254.22x

- (RII) Retail Individual buyers: 23.14x

At 10:40:00 AM.

- This IPO has been subscribed 4.31x by 10:40 AM. on Day 2
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 1.95x
- (RII) Retail Individual buyers: 7.67x

At 11:40:00 AM.

- This IPO has been subscribed 4.70x by 11:40 AM. on Day 2
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 2:15x
- (RII) Retail Individual buyers: 8.36x

At 12:40:00 p.m.

- This IPO has been subscribed 5.37x by 12:40 PM. on Day 2
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.0x
- (NII) Non-institutional buyers: 2.72x
- (RII) Retail Individual buyers: 9.44x

At 1:40:00 p.m.

- This IPO has been subscribed 5.63x by 1.40 PM. on Day 2
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.5x
- (NII) Non-institutional buyers: 2.82x
- (RII) Retail Individual buyers: 9.88x

At 2:40:00 p.m.

- This IPO has been subscribed 6.36x by 2.40 PM. on Day 2
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.83x
- (NII) Non-institutional buyers: 3.22x
- (RII) Retail Individual buyers: 10.71x

At 4:10:00 p.m.

- This IPO has been subscribed 6.81x by 4:10 AM. on Day 2
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.92x
- (NII) Non-institutional buyers: 3.71x
- (RII) Retail Individual buyers: 11.34x

At 5:10:00 p.m.

- This IPO has been subscribed 7.68x by 5:10 PM. on Day 2
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.92x
- (NII) Non-institutional buyers: 5.20x
- (RII) Retail Individual buyers: 12.42x

At 11:40:00 AM.

- This IPO has been subscribed 1.32x by 11:40 AM. on Day 1
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.70x
- (RII) Retail Individual buyers: 2.30x

At 12:40:00 p.m.

- This IPO has been subscribed 1.84x by 12:40 PM. on Day 1
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.0x
- (NII) Non-institutional buyers: 0.86x
- (RII) Retail Individual buyers: 3.26x

At 1:40:00 p.m.

- This IPO has been subscribed 2.16x by 1.40 PM. on Day 1
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.0x
- (NII) Non-institutional buyers: 0.96x
- (RII) Retail Individual buyers: 3.84x

At 2:40:00 p.m.

- This IPO has been subscribed 2.39x by 2.40 PM. on Day 1
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.0x
- (NII) Non-institutional buyers: 0.99x
- (RII) Retail Individual buyers: 4.28x

At 3:30:00 p.m.

- This IPO has been subscribed 2.56x by 3:30 AM. on Day 1
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.0x
- (NII) Non-institutional buyers: 1.06x
- (RII) Retail Individual buyers: 4.60x

At 4:20:00 p.m.

- This IPO has been subscribed 2.90x by 4:20 PM. on Day 1
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.0x
- (NII) Non-institutional buyers: 1.33x
- (RII) Retail Individual buyers: 5.16x

At 5:10:00 p.m.

- This IPO has been subscribed 3.30x by 5:10 PM. on Day 1
- It is a public issue of 70,97,285 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.0x
- (NII) Non-institutional buyers: 1.46x
- (RII) Retail Individual buyers: 5.89x

Why Should I Invest in Data Patterns IPO?

Before investing in the public issue of Data Patterns, individuals should keep these below-mentioned facts in mind –

1. Data Patterns is one of the most reliable defence products manufacturers in India.
2.It comes with over twenty years of experience in the industry, providing high-quality services to its clients.
3.Data Patterns supplies its products and provides its services to the biggest clients in the Indian defence industry.
4.A highly qualified and experienced management team is at the helm of this company.

Financial Highlights

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
**Amount is mentioned in millions

How to apply for Data Patterns IPO?

You can apply for the Data Patterns IPO in these ways:

UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book Data Patterns IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.

Demat Account

1. If you are already a client of Angel One, apply directly for Data Patterns IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.

Data Patterns IPO – Noteworthy Highlights

Here are some fascinating facts about Data Patterns that both veteran and prospective investors should know before applying for its IPO.

1. Data Patterns manufactures products for Defence, Land, Aerospace, Surface and Underwater applications.
2. It is one of the most reliable and trusted names in the defence products industry.
3. This company is recognised as one of the leaders in the sphere of high-reliability electronics.
4. Data Patterns has a manufacturing facility comprising an area of 1,00,000 sq ft.
5. It has also reported an increase of around 150% in its net profit in FY21 as compared to FY20.

Data Patterns IPO - SWOT Analysis

strengths

Strengths

  • Diverse portfolio: Data Patterns has an extensive product portfolio that helps it cater to different segments of the industry. This helps the company draw the attention of a large number of clients, including the segment leaders.
  • Excellent financials: Data Patterns has maintained strong financial growth in recent years. The PAT of this company in FY21 is at Rs. 55.57 crores, which reflects almost 150% growth from Rs. 21.04 crores of FY20.
  • Experienced management: Data Patterns is led by a team of highly qualified and experienced individuals who know how to deliver reliable products and services as per the industry standards.
Weaknesses

Weaknesses

  • Working capital requirement: Data Patterns needs high working capital to implement its innovative ideas in the products and maintain its state-of-the-art infrastructure.
Opportunities

Opportunities

  • Growing industry: India’s defence, space research and nuclear research sectors are growing rapidly, which will provide ample expansion as well as acquisition opportunities to Data Patterns down the line.
Threats

Threats

  • Lack of skilled workforce: Manufacturing highly reliable products for the defence, space research and nuclear research industries require highly skilled and trained individuals, who are not abundantly available in this country.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Diverse portfolio: Data Patterns has an extensive product portfolio that helps it cater to different segments of the industry. This helps the company draw the attention of a large number of clients, including the segment leaders.
  • Excellent financials: Data Patterns has maintained strong financial growth in recent years. The PAT of this company in FY21 is at Rs. 55.57 crores, which reflects almost 150% growth from Rs. 21.04 crores of FY20.
  • Experienced management: Data Patterns is led by a team of highly qualified and experienced individuals who know how to deliver reliable products and services as per the industry standards.

Weaknesses 

  • Working capital requirement: Data Patterns needs high working capital to implement its innovative ideas in the products and maintain its state-of-the-art infrastructure.

Opportunities 

  • Growing industry: India’s defence, space research and nuclear research sectors are growing rapidly, which will provide ample expansion as well as acquisition opportunities to Data Patterns down the line.

Threats 

  • Lack of skilled workforce: Manufacturing highly reliable products for the defence, space research and nuclear research industries require highly skilled and trained individuals, who are not abundantly available in this country.

Competitive Analysis: Market Peers

Here is a list of the competitors of Data Patterns along with their financials as of FY21.

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 FAQs

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?

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.

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?

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.

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

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.

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

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

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

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.

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

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.

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

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.

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

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.

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

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

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

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.

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

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.

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

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.

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

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.

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?

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.

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

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.

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?

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.

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

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.

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

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.

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

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

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

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.

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

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.

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

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

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

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

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