Data Patterns IPO

 

Data Patterns is one of the few vertically integrated military and aerospace electronics technology providers serving the defence items sector in the India. Data Patterns IPO will hit the stock market 0n 14 December 2021.

About Data Patterns

Data Patterns (India) Limited is among the fastest growing businesses in India’s Defence and Aerospace Electronics industry, with net profit growth of about 164 percent during 2020 and 2021. (Sources: F&S Report)

They have significant in-house design and development skills as well as more than three decades of expertise in the defence and aerospace electronics field (such as through their former subsidiary). Their services cover the whole range of defence and aerospace platforms, including space, air, land, and sea.

They had the best growth in sales, EBIDTA margin, ROCE, and ROE among important Indian military and aerospace businesses between 2019 and 2021, with a 71 percent increase in revenues.

Solutions

They can develop processors, power, radio frequencies (“RF”) and microwave, embedded software and firmware, and mechanical engineering throughout the whole spectrum of strategic military and aerospace electronics systems.

Electronic hardware design and development, software design, firmware design, mechanical design, product prototype design, functional testing and validation, environment testing and verification, and engineering services possibilities are just a few of their key capabilities.

From design to delivery, our functionalities throughout the spectrum of defence and aerospace electronics give us a significant productive benefit in terms of ultimate development time and cost.

Clients

They’ve invested in and created a reusable building block model that can be used to create capabilities in a variety of product categories.

This strategy has helped them to increase profits by spreading development expenses across many programmes and shortening the time it takes to produce new services.

Several of our current products, or their component modules or building blocks, have been pre-approved by their clients, particularly defense-sector public sector undertakings (“DPSUs”) and government ministries and departments, allowing them to produce new products with shorter lead times.

Their customer has already qualified, certified, and integrated their items into end platforms.

Production Plant

Their manufacturing plant in Chennai is a 100,000 square foot factory with facilities for design, manufacture, certification, and life cycle support of high reliability electronic systems used in defence and aerospace applications.

It is located on 5.75 acres of land. Their facility comprises an Electronic Manufacturing Services (“EMS”) line, clean rooms, board, box, and rack level integration capability, and environmental testing, allowing them to meet their high-quality, high-complexity production requirements independently.

All of their products are functionally tested in-house, with most of the testing equipment being created in-house.

Data Patterns IPO

Data Patterns Limited, headquartered in thane has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 300 crores and 6,070,675 equity share on 20 September 2021.

The offer includes 300 crores value fresh equity shares and there is an offer for sale (OFS) of 6,070,675 equity share by the promoters mentioned in the DRHP. They are also looking to for pre-ipo placement of INR 60 crores.

They got for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market on 22 November 2021.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
		31-Mar-21	31-Mar-20	31-Mar-19
Total Assets		328.37	295.36	277.43
Total Revenue		226.55	160.19	132.51
Profit After Tax		55.57	21.05	7.70

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	11.89	11.89	3
Financial Year 2020	4.50	4.50	2
Financial Year 2019	1.65	1.65	1
Weighted Average	7.72	7.72

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

The following are among the basic parameters that go into determining the Offer Price:

• Indigenous producer of comprehensive and strategic defence and aerospace electronics solutions that is well positioned to profit from the Make in India initiative.
• A company approach that focuses on innovation.
• Strong order book across product categories, delivering to top-tier defence and aerospace clients.
• Modern, internationally recognised manufacturing plant.
• A scalable company model has a proven track record of successful expansion.
• Management team has a lot of experience and a well-trained staff.

Data Patterns IPO Peer Comparison

S. No.	Face Value	Company Name	PE
1	10	MTAR Technologies	37.51
2	2	Astra Microwave Products Ltd	(211.28)
3	10	Centum Electronics Ltd	11.64
4	1	Bharat Electronics Ltd	126.49

Data Patterns IPO Details

IPO Opening Date	14 December 2021
IPO Closing Date	16 December 2021
Issue Type	Book Building
Face Value	2 per share
IPO Price	555 to 585 per equity share
Market Lot	25
Min amount	14,625
Listing At	BSE, NSE
Issue Size	–
Fresh Issue	300 crore
Offer for Sale	6,070,675 Equity shares

Data Patterns IPO Date

Data Patterns IPO opening date is 14 December 2021, and the closing date is 16 December 2021. The Data Patterns IPO issue may list in 24 December 2021.

IPO Opening Date	14 December 2021
IPO Closing Date	16 December 2021
Basis of Allotment Date	21 December 2021
Initiation of Refunds	22 December 2021
Credit of Shares to Demat Account	23 December 2021
IPO Listing Date	24 December 2021

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	50	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	35	Minimum level of 1 lot, based on availability, for every shareholder.

Data Patterns IPO Allotment Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Data Patterns IPO.

Data Patterns IPO GMP

Data Patterns IPO Grey Market Premium is 235.

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
23 December 2021	235	4500	550
22 December 2021	215	3600	400
21 December 2021	204	3100	300
20 December 2021	234	1900	250
19 December 2021	333	2800	300
18 December 2021	307	1800	250
17 December 2021	455	3900	450
16 December 2021	605	6600	700
15 December 2021	564	6300	700
14 December 2021	570	6900	700
13 December 2021	505	4700	550
12 December 2021	565	6700	650
11 December 2021	495	5800	600
10 December 2021	455	6700	550
09 December 2021	289
08 December 2021	No Trade	No Trade	No Trade

Data Patterns IPO Review

If you are looking for the answer to your question that Data Patterns IPO is good or bad then here the answer you can apply for Listing gain & long term as well. It price can be double in near future as business model is unique and management is also well qualified.

Data Patterns IPO Risk

• Their Design and Engineering and production facilities being lost or slowing down might have a significant negative impact on their business.
• They may not be able to qualify for or win bids to expand their business, which could have a negative impact on their operations.
• The impact of the COVID-19 pandemic on their company and operations is unknown and unpredictable.
• If they do not obtain, maintain, or renew their statutory and regulatory licences, permits, and approvals necessary for their company, they will be subject to government rules.
• The number of orders they’ve gotten in the past, their present order book, and their growth rate may not be predictive of how many we’ll get in the future.

Other Threats

• Their business might be substantially and adversely harmed if they are unable to successfully manage their expansion.
• Their operations are constrained by the terms of their funding arrangements.
• The availability and cost of importing and acquiring raw materials might have a negative impact on their firm.
• They have substantial power and fuel requirements, and any disruption to their power sources might raise their manufacturing costs and harm their business.
• Their business may suffer if they are unable to create and maintain an effective system of internal controls and compliances.
• Failure or interruption of their information technology (IT) and enterprise resource planning (ERP) systems might have a negative impact on their business.

Business approach

Platform-specific supplies and technologies that are certified for ongoing programmes, they think, enable them to be the chosen OEM supplier. Their design and production skills are fully in-house, so they can create and deliver whole systems from start to finish.

Their electronic solutions are developed by specialist teams working on areas including complex 20+ layer printed circuit board (“PCB”) designs, field-programmable gate arrays (“FPGA”) based firmware algorithms.

All layers of software including operating system porting, device drivers, networking layers, application software, graphical user interface, cartography, signal processing, streaming protocols & waveform engineering.

Awards

Many of their electronics solutions, such as wind profile radars, doppler weather radars, data buoy subsystems, and tsunami warning subsystem applications, may also be used in civilian applications.

The dependability engineering integrated into defence goods benefits these items, ensuring a long life and consistent performance throughout time.

As a consequence, they or their Promoters have earned a number of honours and accolades, including the following:

1. Make in India Award by TiECON, Chennai.
2. Outstanding contributions and achievements by SIATI in 2017.
3. Most Growth Oriented Company award from planmytrainings.com in 2019.
4. Professional Excellence Award from the Institute of Directors, in 2019.

Data Patterns IPO Brokerage views

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Data Patterns IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
14 December 2021	1	0.00	1.49	6.02	N/A	3.33
15 December 2021	2	0.92	5.31	12.69	N/A	7.74
16 December 2021	3	190.86	259.83	23.65	N/A	120.62

Team

Their design and development capabilities, as well as their trained and experienced personnel, have allowed them to diversify their products and solutions. They had 760 workers as of July 31, 2021, with over 450 certified engineers, including 383 members in their Design & Engineering department.

Their design and development expertise have allowed them to create full systems and subsystems for a variety of key defence and aerospace electronics solutions.

These systems have been used on a variety of platforms and programmes, including the Tejas Light Combat Aircraft (“LCA”), the Light Utility Helicopter (“LUH”), the BrahMos missile programme, precision approach radars, and different communications intelligence systems.

Promoters

• Srinivasagopalan Rangarajan
• Rekha Murthy Rangarajan

Promoter’s Holding

Pre Issue Share Holding	58.36%
Post Issue Share Holding