Data Patterns’ stock makes an electrifying debut, closes 29% premium to the issue price
Mumbai,
December 24, 2021: Data Patterns (India) Limited (the “Company”), a vertically integrated defence and aerospace electronics
solutions provider catering to the indigenously developed defence products
industry, listed on the NSE at Rs 856.05
at 46.33% premium over its issue price. The scrip got listed at BSE at Rs 864 per
share, a 47.69% per cent premium over its issue price of Rs 585. The shares of
the company at day end closed at Rs. 754.85 per share on BSE and at Rs 750.50 per
share on NSE. The initial public offering was offered at a lower price band of
Rs 555 per share and higher price band of Rs 585 per equity share.
As per
BSE, the total quantity traded stood at 10.44 lakh shares with a delivery
quantity percentage of 43.95%. Total Quantity traded at NSE stood at 134.92 lakh
shares with a delivery quantity percentage of 33.60%. Total Turnover (BSE+NSE)
on Day 1 stood at Rs 1167.92 crore.
Mr. Srinivasagopalan Rangarajan, Chairman and Managing Director, Data
Patterns (India) Limited said ""Today marks an important
milestone for Data Patterns, sincere gratitude to all stakeholders and
investors who have bestowed their faith in us. This is beginning of journey for
us and we are committed to long term shareholder value accretion in long run
through consistent performance growth. We appreciate the responsibility given
to us and will work harder to deliver returns to all our shareholders".
The Market Capitalization of the
Company post today’s closing price stood at Rs. 3916.66 crore as per BSE and
Rs. 3894.09 crore as per NSE.
The public issue comprises a
fresh issue of Rs 240 crore and an offer for sale of 59,52,550 equity shares by
promoter and individual selling shareholders and the issue was closed on 16th
December 2021. The portion reserved for retail investors was
subscribed 23.14 times. While the Qualified Institutional Buyer category was
subscribed 190.86 times, the Non-Institutional Investor category was subscribed
254.22 times. Overall the issue was subscribed 119.62 times.
JM Financial Limited, IIFL
Securities Limited were the book running lead managers to the issue.
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