Initial public offering of Data Patterns (India) Limited’s

 Initial public offering of Data Patterns (India) Limited’s 

to open on 14^th December 2021

·         Price Band of ₹ 555 – ₹ 585 per equity share bearing face value of ₹ 2 each (“Equity Shares”).

·         Bid/Offer Opening Date – Tuesday, December 14, 2021 and Bid/Offer Closing Date – Thursday, December 16, 2021.

·         Minimum Bid Lot is 25 Equity Shares and in multiples of 25 Equity Shares thereafter.

·         The Floor Price is 277.50 times the face value of the Equity Share and the Cap Price is 292.50 times the face value of the Equity Share.

Risks to Investors: • Average Cost of acquisition of Equity Shares for the Selling Shareholders ranges between  ₹ 0.36 to  ₹ 63.65 and offer price at the upper end of the price band is ₹ 585  • Details of Acquisition of all Equity Shares transacted in last three years and one year:

Period	Weighted Average Cost of Acquisition Price (in  ₹)*	Upper end of the price band (₹ 585) is ‘X’ times the Weighted Average Cost of Acquisition	Range of acquisition price: Lowest Price -Highest Price (in  ₹)*
Last 1 year	109.71	5.33	0.00 – 577.00
Last 3 years	109.71	5.33	0.00 – 577.00

 

* Price has been calculated by adjusting for split and bonus of equity shares

• Weighted Average Return on Net Worth for Fiscals 2021, 2020 and 2019 is 18.94%. • The two BRLMs associated with the Offer have handled 39 public issues in the past three years, out of which 13 issues closed below the issue price on listing date. 

Data Patterns (India) Limited, vertically integrated defence and aerospace electronics solutions provider catering to the indigenously developed defence products industry is proposing to open the Bid/Offer Period in relation to its initial public offering of Equity Shares (the “Offer”) on Tuesday, December 14, 2021. The Bid/Offer Period will close on Thursday, December 16, 2021. The Price Band for the Offer has been fixed at ₹ 555 – ₹ 585 per Equity Share.

The public issue comprises a fresh issue of Rs 240 crore and an offer for sale of 59,52,550 equity shares by Selling Shareholders. The OFS includes sale of up to 19,67,013 equity shares by Srnivasagopalan Rangarajan, up to 19,67,012 equity shares by Rekha Murthy Rangarajan, up to 75,000 equity shares by Sudhir Nathan, up to 4,14,775 equity shares by G.K. Vasundhara and up to 15,28,750 equity shares by existing shareholders.

Florintree backed defence and aerospace electronics company has undertaken a pre-IPO placement of 10,39,861 equity shares aggregating for up to Rs 60 crore. The company intends to utilise net proceeds from the fresh issue to the extent of Rs 60.80 crore for prepayment / repayment of certain outstanding borrowings availed by the Company, Rs 95.19 crore for funding its working capital requirements, Rs 59.84 crore for upgrading and expansion of its existing facilities at Chennai and general corporate purposes.

Data Patterns has a net profitability growth of approximately 164% between Fiscal 2020 and Fiscal 2021 and is one of the fastest-growing companies in the Defence and Aerospace Electronics sector in India.  Its 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, manufacturing, functional testing and validation, environment testing and verification, and after sales support engineering services

The Company, in consultation with BRLM’s to the Offer, considered participation by Anchor Investors in accordance with the SEBI ICDR Regulations, whose participation shall be one Working Day prior to the Bid/Offer Opening Date, i.e. Monday, December 13, 2021. The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in terms of Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders.

All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the red herring prospectus dated December 03, 2021 (“RHP”) filed with the Registrar of Companies, Tamil Nadu at Chennai (“RoC”).