Data Patterns, which was subscribed whooping 119.62 times on the final day, will be listed on the exchanges today, December 24, 2021. Data Patterns is a vertically integrated defence and aerospace electronics solutions provider that caters to requirements across space, air, land and the sea. The initial public offer had opened for subscription on December 14, 2021 and closed on December 16, 2021. 

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With net profitability growth of approximately 164% between Fiscal 2020 and Fiscal 2021, the company is one of the fastest growing companies in the Defence and Aerospace Electronics sector in India, says Marwadi Shares and Finance Limited 

Ahead of the listing, Zee Business Manging Editor Anil Singhvi on Friday said that shares of Data Patterns can debut on exchanges with 45 to 50 per cent listing gain.  

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"Expected to list in 850-900 range against issue price of Rs 585,"he said.  "Short-term investors keep a stop loss of Rs 775 and hold, suggested the Market Guru. 

Earlier, Aayush Agrawal, Senior Analyst, Swastika Investmart Ltd on Thursday had said that based on the current GMP, we can expect a 35% listing gain for this public offer. He had said positive sentiment is likely to accompany the IPO and the company, owing to the defense sector's attractiveness and current GMP hints at stellar debut for this defence and aerospace electronics solutions provider.  

Data Patterns IPO comprised a fresh issue of shares worth Rs 240 crore and an offer for sale (OFS) of 59.52 lakh equity shares by promoters and individual selling shareholders. The company had fixed a price band of Rs 555-585 per share for its three-day IPO.   

The company aims to use the proceeds from the fresh issue for repayment of debt, funding its working capital and upgradation and expansion of its existing facilities besides general corporate purposes.