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About company:-

Incorporated in 1985, It 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. Company had 760 employees with more than 450 qualified engineers.

Future Plans:-

The company is also planning to acquire an additional 2.81 acres of adjacent land for further expansion.

Competitive Strengths:
  • Strategic defense & aerospace electronics solutions provider, well-positioned to benefit from the Make in India opportunity.
  • Innovation focused business model
  • Sound order book with orders from several prestigious customers in the Indian defense ecosystem
  • The modern certified manufacturing facility of international standards
  • Track record of profitable growth
  • Experienced management team and skilled workforce
Company Promoters:
  • Srinivasagopalan Rangarajan
  • Rekha Murthy Rangarajan
Company Financials:
Particulars For the year/period ended (₹ in Millions)
30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,558.00 3,283.71 2,953.63 2,774.27
Total Revenue 971.72 2,265.50 1,601.92 1,325.09
Profit After Tax 232.09 555.71 210.48 77.02
Objectives:
  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
  • Funding working capital requirements of the company.
  • Upgrading and expanding company’s existing facilities at Chennai.
  • Meet general corporate purposes.
IPO Details:-
IPO Opening Date Dec 14, 2021
IPO Closing Date Dec 16, 2021
Issue Type Book Built Issue IPO
Face Value ₹2 per equity share
IPO Price ₹555 to ₹585 per equity share
Market Lot 25 Shares
Min Order Quantity 25 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹2
(aggregating up to ₹588.22 Cr)
Fresh Issue [.] Eq Shares of ₹2
(aggregating up to ₹240.00 Cr)
Offer for Sale 5,952,550 Eq Shares of ₹2
(aggregating up to ₹348.22 Cr)
IPO Schedule:-
IPO Open Date Dec 14, 2021
IPO Close Date Dec 16, 2021
Basis of Allotment Date Dec 21, 2021
Initiation of Refunds Dec 22, 2021
Credit of Shares to Demat Account Dec 23, 2021
IPO Listing Date Dec 24, 2021
IPO Lot Size
Application Lots Shares Amount (Cut-off)
Minimum 1 25 ₹14,625
Maximum 13 325 ₹190,125
IPO Promoter Holding
Pre Issue Share Holding 58.63%
Post Issue Share Holding 45.62%

GREY MARKET PRICE of the IPO is 500.

Conclusion:-

Data Patterns works closely with the defence PSUs such as Hindustan Aeronautics Ltd and Bharat Electronics Ltd as well as government organizations involved in defence and space research like DRDO.
The company is doubling the available floor area, building capacity to handle large and heavy equipment and integration of large radars and mobile EW system, satellite integration facility.
The company will leverage the ‘Make in India’ initiative and bid for larger and more complicated tenders.

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