Data Patterns (India) Limited – Globe Capital
Data Patterns (India) Limited
Closed
Price Band
Rs. 555 – 585
IPO Issue Period
Dec 14, 2021 to Dec 16, 2021
Issue Size
Rs. 588.22Cr.
Face value
Rs. 2/-
Fresh issue
Rs. 240.00 Cr.
Offer for sale
Rs. 348.22 Cr.
Minimum Shares for Retail
25 shares
Maximum Shares for Retail
325 shares
Listing on
NSE, BSE
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Dec 24, 2021
QIB
Not More than 50% of the offer
NII
Not less than 15% of the offer
Retail
Not less than 35% of the offer

IIFL Securities Ltd
JM Financial Consultants Private Limited

Data Patterns (India) Limited (“Data Patterns”) was incorporated on November 11, 1998. The company is among the few vertically integrated defense and aerospace electronics solutions provider catering to the indigenously developed defense products industry. With net profitability growth of approximately 164% between Fiscal 2020 and Fiscal 2021, they are one of the fastest growing companies in the Defense and Aerospace. Their offerings cater to the entire spectrum of defense and aerospace platforms – space, air, land and sea. Electronics sector in India. 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. Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan are the company promoters.

For year/ period ended ( in Cr.)

31 Mar 2021 31 Mar 2020 31 Mar 2019
Sales 223.95 156.10 131.06
Profit After Tax 55.57 21.05 7.70
EPS 11.89 4.50 1.65
OPM (%) 41.75% 29.50% 20.37%
PATM (%) 24.53% 13.14% 5.81%
  • Its strategic defense & aerospace electronics solutions provider, well-positioned to benefit from the Make in India opportunity.
  • Innovation focussed 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
  • 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.

Based on the financial data, the prima facie issue is fully priced. It holds promises for better performance and earnings going forward with added capacities and a strong client list. Cash surplus investors may consider investment for the medium to long term rewards. Listing in (Trade to Trade group) will restrict speculative moves for initial periods.

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