Data Patterns IPO – Issue opens on 14 December; know top 10 things and full timeline

Initial Public Offering (IPO) of Data Patterns (India) Limited will open on 14 December (Tuesday). The three-day public issue will close on 16 December (Thursday). If you are planning to invest in this IPO, here are 10 things that you must know Data Patterns IPO along with the complete timeline of the issue.

The issue size of the IPO comprises of fresh Issue component up to Rs 240 cr and an offer for sale (OFS) up to 59,52,550 equity shares.

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Data Patterns IPO – top 10 things to know

1) Symbol – the company stock will be listed as ‘DATAPATTNS’ on the exchanges

2)) Issue opens on 14 December and closes on 16 December. The IPO timing are between 10 am and 5 pm. Post issue Modification Period is 17 December between 10 am and 11am.

3) Cut-off time for UPI Mandate Confirmation is 12 pm on 17 December.

4) Issue Type is 100 per cent Book Building

5) Price Range for equity share is Rs 555-Rs 585 with a face value of Rs 2 and ticket size of Rs 1.

6) The Bid Lot size is 25 equity shares and in multiples thereof. The minimum order quantity is one lot or 25 equity shares.

7) Maximum subscription amount for retail investor Rs 2 lakh.

8) Book Running Lead Managers (BRLMs) include JM Financial Limited and IIFL Securities Limited while the sponsor bank    is HDFC Bank Limited.

9) Categories - FI, IC, MF, FII, OTH, CO, IND and NOH

10) Name of the Registrar - Link Intime India Private Limited

Data Patterns IPO – Full Timeline

1. Issue opens on 14 December and closes on 16 December
2. Finalisation on the basis of allotment on 22 December
3. Initiation of refunds likely on 23 December
4. Transfer of shares to demat account likely on 24 December
5. Listing date likely on 24 December

The above data on timeline has been sourced from Edelweiss.

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)