Data Patterns (India) Limited IPO

Data Patterns Limited, an integrated defence manufacturer, will open for subscription of its Initial Public Offering on December 14 and close on December 16, 2021. The price band is fixed at Rs 555-585 per equity share.

The company plans to raise capital of Rs 588.22 crore which comprises of fresh issue of shares worth up to Rs 240 crore and Offer For Sale worth up to Rs 348.22 crore. The face value of each share is Rs 2.


Company Summary

Data Patterns (India) Limited is a vertically integrated defence and aerospace electronics manufacturer catering to the indigenously developed defence products industry. The company’s offerings cater to the entire spectrum of defence and aerospace platforms – space, air, land and sea.

Data Patterns has an in-house design and development capabilities and experience of more than three decades (including through our erstwhile subsidiary) in the defence and aerospace electronics space.

The company has design capabilities across the entire spectrum of strategic defence and aerospace electronics solutions including processors, power, radio frequencies (“RF”) and microwave, embedded software and firmware and mechanical engineering.

Data Patterns’ 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 electronics manufacturer has 100,000 square feet production facility located on 5.75 acres of land at the SIPCOT Information Technology Park, Siruseri, 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 also proposes to acquire an additional 2.81 acres of adjacent land for further expansion.

As on September 30, 2021, the company had an order book of Rs 581.30 crore, with orders from several marquee customers in the Indian defence ecosystem, which included the Indian government defence ministry, BrahMos, DRDO, the Indian government space organisation, HAL, BEL and a defence-sector public sector undertaking (DPSU) involved in the missile space.


Company Strengths

  • Integrated and strategic defence and aerospace electronics solutions provider.
  • Well-positioned to benefit from Make in India opportunity.
  • Innovation focussed business model.
  • Strong order book across product categories supplying to marquee customers in the defence and aerospace industry.
  • Modern and state-of-the-art manufacturing facility of international standards.
  • Consistent track record of profitable growth on the back of scalable business model.
  • Experienced management team and skilled workforce.


Company Financials

Particulars

For the period ended (Rs in crore)

Apr-Sept FY22

FY21

FY20

FY19

Total Assets

355.80

328.37

295.36

277.43

Total Revenue

97.17

226.55

160.19

132.51

Profit After Tax

23.21

55.57

21.05

7.70

Company Promoters

Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan are the promoters of the company. 


Purpose of the IPO

The net proceeds from fresh issue of the IPO will be utilised for the following purposes,

  • Pre-payment or re-payment of all or certain portion of outstanding borrowings availed by the company aggregating to Rs 60.80 crore.
  • To fund its working capital requirements aggregating Rs 95.19 crore.
  • To upgrade and expand their existing facilities at Chennai totalling to Rs 59.84 crore.
  • 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

Rs 2 per equity share

IPO Issue Price

Rs 555 to Rs 585 per equity share

Market Lot

25 Shares

Minimum Order Quantity

25 Shares

Listing At

BSE, NSE

IPO Lot Size

Application

Lots

Shares

Amount (Cut-off)

Minimum

1

25

Rs 14,625

Maximum

13

325

Rs 1,90,125

IPO Allotment Details

Data Patterns IPO allotment date is Dec 21, 2021, and the expected return of refund is on Dec 22, 2021.

You can check your Data Patterns IPO allotment in BSE or Linkintime