IPO Issue Details
Issue Price / Price Band₹585 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size25 Shares per Lot
Total Issue Size1,00,55,114 shares (aggregating up to ₹588.22 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 14 Dec 2021
Subscription CloseThu, 16 Dec 2021
Anchor AllotmentMon, 13 Dec 2021
Basis of AllotmentTue, 21 Dec 2021
Initiation of RefundsWed, 22 Dec 2021
Credit of Shares to DematThu, 23 Dec 2021
Listing DateFri, 24 Dec 2021
UPI Mandate Deadline2021-12-16
Application & Investment Details
Retail — Min (1 Lots)₹14,625 — 25 shares
Retail — Max (13 Lots)₹190,125 (13 Lots)
HNI — Min (14 Lots)₹2,04,750 — 350 shares
Pre-IPO Promoter Holding4,77,84,086 shares
Post-IPO Promoter Holding5,18,86,650 shares
Fresh Issue Shares41,02,564 shares (aggregating up to ₹240.00 Cr)
Offer for Sale Shares59,52,550 shares of ₹2 (aggregating up to ₹348.22 Cr)
About Data Patterns (India) Ltd.
Incorporated in 1985, Data Patterns is a defense and aerospace electronics solutions provider catering to the indigenously developed defense products industry. The company offers products to the entire spectrum of defense and aerospace platforms - space, air, land, and sea. The company's core competencies include electronic hardware design and development, software design and development, firmware design and development, mechanical design and development, product prototype design and development, functional testing and validation, environment testing and verification, and engineering services opportunities.The company's manufacturing facility consists of a 100,000 square feet factory built on 5.75 acres of land in Chennai, which has facilities for design, manufacturing, qualification, and life cycle support of high-reliability electronic systems used in defense and aerospace applications. The company is also planning to acquire an additional 2.81 acres of adjacent land for further expansion. As of July 31, 2021, Data Patterns had 760 employees with more than 450 qualified engineers.Competitive Strengths:Strategic defense & aerospace electronics solutions provider, well-positioned to benefit from the Make in India opportunity.Innovation focussed business modelSound order book with orders from several prestigious customers in the Indian defense ecosystemThe modern certified manufacturing facility of international standardsTrack record of profitable growthExperienced management team and skilled workforce
Objects of the Issue
Data Patterns (India) Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Prepayment or repayment of all, or a portion, of certain outstanding borrowings availed by the Company
60.80
2
2 Funding working capital requirements of the Company
95.19
3
3 Upgrading and expanding our existing facilities at Chennai;
59.84
4
4 General corporate purposes
65.29
Shareholding & Lock-in
Pre-IPO Promoter Holding
4,77,84,086 shares
Post-IPO Promoter Holding
5,18,86,650 shares
Lock-in Period (30%)January 20, 2022
Lock-in Period (50%)March 21, 2022