Data Patterns IPO: Subscription status, shares allotment date, status check online and listing date

Data Patterns IPO: The initial public offer of Data Patterns (India) Limited, which supplies electronic systems to defence and aerospace sector, closed with 119.62 times subscription. 

Data Patterns IPO shares allotment finalisation is likely to take place on 21nd December and listing is likely to happen on 24th Dec, as per Zerodha.

Here is direct BSE link and step by step guide to know Data Patterns IPO Shares Allotment status online:-

Step 1- Login at BSE link — bseindia.com/investors/appli_check.aspx
 
Step 2- Select Data Patterns IPO
 
Step 3- Enter your Data Patterns IPO application number
 
Step 4- Enter your PAN card details
 
Step 5 - Click at 'I'm not a robot'
 
Step 6 - Click at 'Submit' button
 
You will get to know the Data Patterns IPO shares allotment status of your application

Data Patterns IPO

-The IPO on the last day of subscription received bids for 84,89,85,725 shares against 70,97,285 shares on offer, according to the NSE data.

-The category for non-institutional investors was subscribed a whopping 254.22 times, Qualified Institutional Buyers (QIBs) received 190.86 times subscription, and Retail Individual Investors (RIIs) 23.14 times.

-The initial public offer had a fresh issue component of up to Rs 240 crore an offer for sale of up to 59,52,550 equity shares.

-The price range for the offer was Rs 555-585 per share.

-Data Patterns on Monday collected Rs 176 crore from anchor investors.

-The company intends to utilise the net proceeds from the fresh issue for debt repayment, funding its working capital, and up-gradation and expansion of its existing facilities besides general corporate purposes.

- JM Financial and IIFL Securities were the managers of the offer. 

Data Patterns

-Data Patterns is backed by former Blackstone head Matthew Cyriac via Florintree Capital Partners LLP, which holds a 12.8 per cent stake in the company.

-Founded by Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan, Data Patterns is a vertically integrated defence and aerospace electronics solutions provider.

-Its core competencies include design and development across electronic hardware, software, firmware, mechanical, product prototype besides its testing, validation, and verification.

-Its involvement has been found across radars, underwater electronics/ communication, electronic warfare suites, avionics, small satellites, automated test equipment, and programmes catering to Tejas light combat aircraft, light utility helicopter, BrahMos, and other communication and electronic intelligence systems.

-It had developed the first nanosatellite "NiUSAT", which thereafter was deployed in 2017. In addition, two more satellites are under progress, the draft papers noted.

-Data Patterns works closely with the defence PSUs such as Hindustan Aeronautics Ltd and Bharat Electronics Ltd as well as government organisations involved in defence and space research like DRDO.