Data Patterns IPO GMP, Date, Price, Review 2024, and Other information

The Data Patterns IPO is a book-built issue worth Rs 588.22 crores. The IPO comprises a fresh issue of Rs 240.00 crores and an offer for sale of 0.6 crore shares. Bidding for the Data Patterns IPO started on December 14, 2021, and ended on December 16, 2021. In this blog we futher discuss about Data Patterns IPO GMP, Date, Price, Review 2024, and Other information

The share allotment was finalized on December 21, 2021, and the shares were listed on the BSE and NSE on December 24, 2021. The price range for the Data Patterns IPO is set between ₹555 and ₹585 per share. The minimum lot size for an application is 25 shares, requiring a minimum investment of ₹14,625 for retail investors. IIFL Securities Ltd and JM Financial Limited are the lead managers for the IPO, and Link Intime India Private Ltd is the registrar. For detailed information, refer to the Data Patterns IPO RHP.

The grey market premium (GMP) is a number that shows how much people want to buy shares of a company that is about to launch an IPO (Initial Public Offering). This grey market operates unofficially and is not regulated by any official authority. It becomes active after the company announces the IPO date and price range. Investors often check the GMP before deciding to invest in an IPO, but it can change based on market conditions, demand, and how many people want to buy the shares.

About Data Patterns (India) Limited

  Data Patterns, founded in 1985, is a company that provides electronics solutions for the defense and aerospace industries in India. They create products for use in space, air, land, and sea defense systems. The company specializes in designing and developing electronic hardware, software, firmware, mechanical parts, product prototypes, and performing functional and environmental testing and validation, as well as offering engineering services.

Their manufacturing facility, located on 5.75 acres of land in Chennai, has a 100,000 square feet factory. This facility handles design, manufacturing, testing, and support for high-reliability electronic systems used in defense and aerospace. Data Patterns plans to buy an additional 2.81 acres of nearby land to expand further. As of July 31, 2021, the company employed 760 people, including over 450 skilled engineers.

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Key Advantages:

– Leading provider of defense and aerospace electronics in India, ready to take advantage of the “Make in India” initiative. – Focus on innovation. – Strong order book with contracts from important customers in the Indian defense sector. – Modern, internationally certified manufacturing facility. – History of profitable growth. – Experienced management team and skilled workers.

Data Patterns IPO Price & Date:

What is Gray Market Premium (GMP) IPO?

  The IPO Grey Market Premium (GMP) is the difference between the IPO’s issue price and its trading price in the grey market. Before an IPO officially starts trading on the stock exchanges, there is a period when its shares are bought and sold unofficially in the grey market. This market operates without the involvement of official stock exchanges. However, the GMP is not always a reliable predictor of the share price performance when the IPO lists. Various factors can influence the share price, such as demand from institutional investors and overall market conditions.

The GMP simply reflects investor sentiment at a specific time. The actual share price will depend on several factors, including the company’s performance and broader market conditions. However, the actual listing price of an IPO can differ from the estimated price suggested by the grey market due to factors like market conditions or demand for the company’s shares.

We’ve seen cases where some IPOs had low grey market rates but listed with high gains, and others in 2021 had high grey market rates but listed lower. While the grey market is a strong indicator for IPO listing gain estimates, we advise investors to use grey market rates for information only and not to trade solely based on these numbers

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Data Patterns Financial Performance Overview:

  In the past three years, DPIL’s revenue and net profits were Rs. 132.51 crore and Rs. 7.70 crore in FY19, Rs. 160.19 crore and Rs. 21.05 crore in FY20, and Rs. 226.55 crore and Rs. 55.57 crore in FY21. In the first half of FY22 (ending September 30, 2021), DPIL reported a net profit of Rs. 23.21 crore on a revenue of Rs. 97.17 crore.

Over the last three years, the company had an average EPS (Earnings Per Share) of Rs. 7.72 and an average RoNW (Return on Net Worth) of 18.94%. The current issue is priced at a P/BV (Price to Book Value) of 12.64, based on a NAV (Net Asset Value) of Rs. 46.28 per share as of September 30, 2021. If we project the earnings for FY22 and adjust for the new equity, the asking price results in a P/E (Price to Earnings) ratio of 65.36. Based on FY21 earnings, the P/E ratio is 54.62. Therefore, the issue seems to be fully priced.  

Data Patterns (india) Limited Stock Charts:

Data Patterns (India) Limited is a key player in the defense and aerospace electronics sector. The company has shown strong financial performance over the past few years, with increasing revenues and profits. In FY21, it reported a revenue of Rs. 226.55 crore and a net profit of Rs. 55.57 crore. For the first half of FY22, it posted a net profit of Rs. 23.21 crore on a revenue of Rs. 97.17 crore. The company has a strong order book and a modern manufacturing facility. Its stock is considered fully priced, with a high P/E ratio based on projected earnings. Data Patterns benefits from the “Make in India” initiative and focuses on innovation and growth.

Why should i need to invest in Data Patterns IPO 2024?

  Investing in Data Patterns IPO offers several compelling reasons:

• Data Patterns is a trusted manufacturer of defense products in India.
• With over twenty years of industry experience, it delivers top-notch services.
• The company serves major clients within the Indian defense sector.
• Data Patterns is led by a skilled and experienced management team.

These factors highlight its reliability, long-standing industry presence, strong client base, and capable leadership, making it an attractive investment opportunity.  

Data Patterns Financial Highlights:

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Conclusion:

In conclusion, investing in Data Patterns (India) Limited presents a promising opportunity due to its established reputation as a reliable defense products manufacturer with over two decades of experience. The company’s track record of serving major clients in India’s defense industry underscores its market credibility and potential for sustained growth. With a proficient management team steering its operations, Data Patterns is well-positioned to capitalize on future opportunities in the sector. However, potential investors should consider the valuation and market conditions carefully before making investment decisions. Overall, Data Patterns IPO offers investors a chance to participate in a sector poised for growth, backed by a company known for its quality and expertise in defense electronics.  

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