Initial Public Offering (IPO) for the defence and aerospace electronic solution company, Data Patterns. The initial offering will be open for subscription from today till 16th December 2021. Data Patterns aims to raise ₹588.22 crores through this IPO.
₹240 crores will be raised from the fresh issue and the rest ₹348.22 crores through Offer for Sale (OFS). With regards to this, the company has set the price band from ₹555 to ₹585. Market observers say each share of Data Patterns is available at a premium of ₹610 in the grey market.
One lot of the IPO consists of 25 company shares and a bidder willing to invest can apply for a maximum of 13 lots. The shares will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The IPO will be registered under the name Link Intime India Private Ltd. The company believes the investors can position this IPO for long term gains and growth.