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Yeh IPO kya kahta hai? DATA PATTERNS (INDIA) LIMITED

All that you should know about the Company before applying for the IPO.

December 13, 2021     

The public issue of equity shares of Data Patterns (India) Limited will open for subscription on December 14, 2021 and closes on December 16, 2021. It is expected to list on the stock exchanges on December 24, 2021. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.

Company Profile

The Company is among the few vertically integrated defence and aerospace electronics solutions provider catering to the indigenously developed defence products industry. It is one of the fastest growing companies in the Defence and Aerospace Electronics sector in India. Its offerings cater to the entire spectrum of defence and aerospace platforms – space, air, land and sea. Its 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.

It has proven in-house design and development capabilities. It has design capabilities across the entire spectrum of strategic defence and aerospace electronics solutions including processors, power, radio frequencies and microwave, embedded software and firmware and mechanical engineering. Its design and development capabilities have allowed the Company to develop complete systems as well as sub-systems for various strategic defence and aerospace electronics solutions. These systems have found applications on various platforms and programmes such as the Tejas Light Combat Aircraft (LCA), the Light Utility Helicopter (LUH), BrahMos missile programme, precision approach radars and various communications intelligence and electronic intelligence systems.

The Company is currently engaged in the supply of products to several prestigious defence projects in India, e.g., the LCA, the LUH, the HAL Dhruv, the BrahMos missile programme, etc.

As on September 30, 2021, the Company had 818 employees with more than 500 qualified engineers, including 416 members in its Design & Engineering department. It has manufacturing facility in Chennai. Some of the key customers include; the Indian government defence ministry, DRDO, HAL, and BEL.

Who are the Promoters of the Company?

Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan

Positives about the Company

  • Innovation focused business model
  • Sound order book across product categories supplying to marquee customers in the defence and aerospace industry
  • Modern certified manufacturing facility of international standards
  • Consistent track record of profitable growth due to a scalable business model
  • Experienced management team and skilled workforce

Who are its key competitors?

  • Astra Microwave Products Ltd
  • MTAR Technologies Ltd
  • Centum Electronics Ltd
  • Bharat Electronics Ltd
  • Paras Defence and Space Technologies Ltd

Why is the Company going public?

Given below are the objectives of the Company –

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 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
  • General corporate purposes

The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.

IPO Details

IPO Size ₹ 588.22 Crore*
Offer Mix Fresh Issue ₹ 240.00 Crore + Offer For Sale ₹ 348.22 Crore
Price Band ₹ 555 - ₹ 585
Lot Size 25 Shares (& in multiples thereof)
Face Value ₹ 2
Application Amount Min. ₹ 14,625 (1 lot) | Max. ₹ 1,90,125 (13 lots) [at upper price band]
Listing on NSE & BSE
Registrar Link Intime India Private Limited
Cut-off time for UPI Mandate Confirmation 17-Dec-2021 (up to 12:00 PM)
* at upper price band

Category Wise Availability*

QIB ₹ 294.11 Crore
(50% of Issue Size)
NIB ₹ 88.23 Crore
(15% of Issue Size)
Retail ₹ 205.88 Crore
(35% of Issue Size)
* at upper price band

Indicative Issue Timeline

Activity Date
IPO Opens December 14, 2021
IPO Closes December 16, 2021
Finalization of the basis of allotment December 21, 2021
Unblocking of funds / Initiation of refunds December 22, 2021
Credit of equity shares to Demat accounts December 23, 2021
Listing of equity shares December 24, 2021
Source: Company RHP
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