The month of December is also bringing many IPOs. The IPO of Tega Industry has given great profits to the people today. With this, the IPO of Data Patterns will open for booking tomorrow. Let’s know about this company.
Key details of Data Pattern IPO
- Opening date: 14th December 2021
- Closing on : 16 December
- Price Band: Rs 555 – 585 per equity share of face value Rs 2/- each.
- Lot Price: Minimum of Rs 14,625 for a single lot and their maximum investment would be Rs 1,90,125 for 13 lots.
- GMP: The public issue is commanding a premium of Rs 500 per share in the grey market as per IPO watch.
- Share Allotment: 21 December
- Refund: 22 December
- Listing 24 December
What Data Patterns do?
It is one of the fastest-growing companies in the Defence and Aerospace Electronics sector in India. They work in the field of electronic hardware design and development, software design and development, firmware design and development, mechanical design and development, product prototype design and development, manufacturing, functional testing and validation, environment testing and verification, and engineering services.
How they are doing?
Between FY19 and FY21, the company recorded the highest growth in the revenues of 71% amongst the major Indian defence and aerospace companies. Revenues for FY21 came in at Rs 224 crore thereby growing a YoY growth of 43.5 percent.
The company generates more than 50 percent of its revenues from various public sector undertakings and defence-related organizations. Any significant change in government policies/capex plans for defence related projects will hurt growth.
Owner of the company
Srinivasagopalan Rangarajan is the Chairman & Managing Director who has been associated with the company since incorporation.
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