Data Patterns India Limited IPO Details

Dates, Price band, Lot size, Risks, Review and broker recommendations etc.
Data Patterns IPO

Data Patterns IPO: Key Details

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Company Information

Data Patterns India Limited, incorporated in 1985, is among the few vertically integrated defence and aerospace electronics solutions provider catering to the indigenously developed defence products industry. With net profitability growth of approximately 164% between Fiscal 2020 and Fiscal 2021, they are one of the fastest-growing companies in the Defence and Aerospace Electronics sector in India.

They have 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. Their 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

Competitive Strengths

  • Indigenous integrated and strategic defence and aerospace electronics solutions provider which is well positioned to benefit from the Make in India opportunity
  • Innovation focussed business model
  • Sound order book across product categories supplying to marquee customers in the defence and aerospace industry
  • Modern certified manufacturing facility of international standards
  • Consistent track record of profitable growth due to a scalable business model
  • Experienced management team and skilled workforce

Company Strategy

  • Continue expansion of product portfolio with complex technology-based products
  • Focus on repeat large volume production orders
  • Augmenting design and development capabilities and expanding manufacturing infrastructure
  • Focus on increasing revenues by leveraging core competencies and grow services business
  • Focus on increasing export business

Proceeds from Fresh Issue of Data Patterns IPO will be used to:

  • Prepayment or repayment of all, or a portion, of certain outstanding borrowings
  • Funding working capital requirements
  • Upgrading and expanding existing facilities at Chennai; and
  • General corporate purposes

Data Patterns IPO: Financials

201920202021 Mar2021 June
Revenue from Ops₹131.06 Cr₹156.10 Cr₹223.95 Cr₹96.45 Cr
Prof Before Exp. Items₹10.34 Cr₹28.43 Cr₹74.53 Cr₹30.77 Cr
Profit after Tax₹7.70 Cr₹21.05 Cr₹55.57 Cr₹23.21 Cr
EPS (Basic)1.654.5011.894.97
₹ in Crores, except EPS

EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS7.7271.8975.78
* Weighted Average for last 3 years

Data Patterns IPO: Comparison with listed industry peers

Price to EarningsEPS (Avg*)P/E
Data Patterns7.7275.78
Highest (Paras)5.55160.64
Lowest (BEL)8.6223.59
* Weighted Average for last 3 years

Data Patterns IPO Dashboard

Issue Details

TypeValue
Issue Size₹588.22 Cr
Fresh Issue₹240 Cr
Offer for Sale₹348.22 Cr
Face Value₹2/- per Equity Share
IPO Price₹555 – ₹585
Lot Size 25 shares
LotsMin 1 – Max 13

Key Dates

Date TypeDate
Bid Open14/12/2021
Bid Close16/12/2021
Allotment Finalization21/12/2021
Initiation of Refunds22/12/2021
Credit of Shares23/12/2021
Listing Date24/12/2021

Lot Size and Price

LotsSharesAmount
125₹14,625
13325₹1,90,125

Promoter Holding

HoldingPercentage
Pre-Issue58.63%
Post-Issue45.62%

Data Patterns IPO: Investor Quota and Shares Offered

Investor TypeQuotaShares on Offer
QIB50%
NII15%
RII (Retail)35%
Employees
Total100%

Data Patterns IPO: Risks

  • The business is largely dependent on contracts from the GoI and associated entities including defense public sector undertakings and government organizations involved in space research
  • They depend on a limited number of customers such as DRDO Defence PSUs such as MoD, BrahMos
    Aerospace and the Indian government space organization for a significant portion of the revenue
  • Any failure to comply with the provisions of the contracts entered with the customers, especially the GoI
    Entities could have an adverse effect on the business
  • They are subject to strict quality requirements, customer inspections and audits, and any failure to comply with quality standards may lead to cancellation of existing and future orders
  • They have significant working capital requirements. If they experience insufficient cash flows from operations or are unable to borrow to meet working capital requirements, it may materially and adversely
    affect the business,

For complete internal and external risk factors, you can refer to the RHP of the company.

Data Patterns IPO: Registrar and Lead Managers

Registrar of the Issue

Link Intime

C-101, 247 Park
L B S Marg, Vikhroli (West)
Mumbai 400 083
Maharashtra, India

Phone: +91 22 4918 6200
Email: [email protected]

Lead Managers of the Issue

  • JM Financial Limited
  • IIFL Securities Limited

Phone: +91 22 6630 3030
Email: [email protected]

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