Data Patterns (India) Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹585
Per ShareLot Size
25 Shares
Minimum Investment
₹14,625
Issue Size
₹570.37 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Data Patterns (India) Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
57.08%
Promoter Holding (Post-Issue)
57.08%
Issue Type
Book Building
ISIN
INE0IX101010
About the Company
Data Patterns (India) Limited 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, the company is one of the fastest growing companies in the Defence and Aerospace Electronics sector in India. It has proven in-house design and development capabilities and experience of more than three decades (including through its erstwhile subsidiary) in the defence and aerospace electronics space. The Company's offerings cater to the entire spectrum of defence and aerospace platforms - space, air, land and sea.
Industry Overview
The global defence expenditure is expected to grow to $ 2031 billion by 2025 due increased geo-political uncertainty even though countries face economic pressures due to COVID 19 disruption. There is a structural shift in the defence budget with increased allocation for modernisation funds, and approval of non-relapsable fund. The fund available to the defence industry participants during Fiscal 2022 to Fiscal 2031 is estimated at $ 339 billion. Additionally, Fiscal 2021 was characterized by an overspend of 18.6 % above the budgeted capital allocation on back of the emergency purchases following the face off with China.
Company History
Data Patterns (India) Limited was incorporated as Indus Teqsite Private Limited on November 11, 1998, at Bangalore, Karnataka as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Karnataka at Bangalore. Subsequent to the merger of its wholly-owned subsidiary, Data Patterns (India) Private Limited, with and into the Company, in terms of the Scheme of Amalgamation, the name of the Company was changed to "Data Patterns (India) Private Limited" and a fresh certificate of incorporation dated August 4, 2021 was issued by the Registrar of Companies, Tamil Nadu. Its Company was converted into a public limited company pursuant to a special resolution passed by its Shareholders at the extraordinary general meeting held on August 12, 2021 and the name of the Company was changed to Data Patterns (India) Limited. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the Registrar of Companies on September 13, 2021.
Growth Strategy
- Continue expansion of product portfolio with complex technology-based products
- Focus on repeat large volume production orders
- Augmenting its design and development capabilities and expanding manufacturing infrastructure
- Focus on increasing revenues by leveraging core competencies and grow its services business
- Focus on increasing export business
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 10,055,114# equity shares of face value of Rs. 2 each ("Equity Shares") of Data Patterns (India) Limited (The "Company" or the "Issuer") for cash at a price of Rs. 585 per equity share (including a share premium of Rs. 583 per equity share) ("Offer Price") aggregating to Rs. 588.22# crores (The "Offer") comprising a fresh issue of 4,102,564# equity shares aggregating to Rs. 240.00*# crores by the company (The "Fresh Issue") and an offer for sale of 5,952,550# equity shares aggregating to Rs. 348.22# crores, comprising 1,967,013# equity shares aggregating to Rs. 115.07# crores by Srinivasagopalan Rangarajan, 1,967,012# equity shares aggregating to Rs. 115.07# crores by Rekha Murthy Rangarajan (The "Promoter Selling Shareholders") , 75,000# equity shares aggregating to Rs. 4.39# crores by Sudhir Nathan and 414,775# equity shares aggregating to Rs. 24.26# crores by G.K. Vasundhara ("The Other Selling Shareholders") and 1,528,750# equity shares aggregating to Rs. 89.43# crores by the persons listed in this prospectus (The "Individual Selling Shareholders" as defined below) (the promoter selling shareholders, the other selling shareholders and the individual selling shareholders collectively, the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares") (such offer for sale by the selling shareholders, the "Offer for Sale" and together with the fresh issue, "The Offer"). #Subject to finalisation of basis of allotment *The company, in consultation with the brlms, has undertaken a pre-ipo placement of 1,039,861 equity shares aggregating to Rs. 60.00 crores ("pre-ipo placement"). The size of the fresh issue as disclosed in the draft red herring prospectus, aggregating up to Rs. 300.00 crores, has been reduced by Rs. 60.00 crores pursuant to the pre-ipo placement, and accordingly, the fresh issue is of Rs. 240.00 crores. The face value of equity shares is Rs. 2 each. The offer price is 292.50 times the face value of the equity shares. Bids can be made for a minimum of 25 equity shares and in multiples of 25 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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
- Its business is largely dependent on contracts from the GoI and associated entities including defence public sector undertakings and government organizations involved in space research. A decline or reprioritisation of the Indian defence or space budget, reduction in orders, termination of existing contracts, delay of existing or anticipated contracts or programmes or any adverse change in the GoI's defence or space related policies may have a material adverse impact on its business.
- The company 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 its revenue. The loss of any of its major customers due to any adverse development or significant reduction in business from its major customers may adversely affect its business, financial condition, results of operations and future prospects.
- Any failure to comply with the provisions of the contracts entered with its customers, especially the GoI Entities, could have an adverse effect on its business, financial conditions and results of its operations. Additionally, imposition of liquidated damages and invocation of performance bank guarantees / indemnity bonds by its customers could impact its results of operations and it may face potential liabilities from lawsuits and claims by customers in the future.
- The company is 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 and could negatively impact its reputation and its business and results of operations and future prospects.
- The loss, shutdown or slowdown of its Design and Engineering and manufacturing facility may have a material adverse effect on its business, results of operations and financial condition.