Data Patterns IPO: Read here to know how to check the allotment status of Data Patterns IPO?

Data Patterns is a capital-intensive provider of Aerospace and Defence electronics solutions to the domestically manufactured defence goods sector. The company was founded in 1985. With the help of its autonomous production plant, Data Patterns has produced various electronic systems for its customers. Data Patterns accomplishes its concept of creating goods with the desired dependability and lifetime in its market arena. Data Patterns’ inventory encompasses tools for electronic warfare, rugged displays, launch vehicle check-outs, data buoys, fire control systems, satellites, etc. 

On 14th December 2021, the company will conduct its first initial public offering, also known as IPO. 

Here are the objectives of the Data Patterns IPO.

• To get redemption of all or a portion of the industry’s existing borrowed funds.
• To finance the business’s capital requirements.
• To upgrade and expand the company’s existing facilities in Chennai.
• To comply with overall organizational objectives.

Financial Snapshot – Data Patterns IPO

Here is the table containing the company’s financial details for the last three years. 

Financial Year	Total Revenue	Total Assets	Profit After Tax
March 2021	INR 2,265.50  Crores	INR 3,283.71 Crores	INR 555.71 Crores
March 2020	INR 1,601.92 Crores	INR 2,953.63 Crores	INR 210.48 Crores
March 2019	INR  1,325 Crores	INR 2,774.25 Crores	INR 77.02 Crores

Important Details – Data Patterns IPO

The Data Patterns IPO consists of the sale of 59,52,550 equity shares by existing stockholders. The company is expected to use the funds raised from the IPO, which total INR 60.8 Crores, to settle its reimburse specific bank debt. 

Below are the important details of Data Patterns IPO:

IPO opening date	14th December 2021
IPO closing date	16th December 2021
Size of the IPO	INR 588.22 Crores
Face value	INR 2
Price band	INR 555 – INR 585 per equity share
Listing date	24th December 2021
Listing websites	NSE, BSE
Lot size of IPO	25 shares
Minimum order quantity	25 shares
Date of allotment	21st December 2021
Refunds	22nd December 2021
Credit to Demat account	23rd December 2021

How to Check Data Patterns IPO Allotment Status?

Here are a few methods for checking Data Patterns IPO allotment status. 

• You should check your Demat account or contact your stockbroker to know your IPO allotment status. If the equity shares are credited to your Demat account, you have the allotment.

The second option is to look it up on the Bombay Stock Exchange’s website.

• Click on the following link to visit their website: https://www.bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ from the Issue Type drop-down option when the website loads.
• Choose ‘ Data Patterns’ from the ‘Issue Name’ drop-down option.’
• Your application number and PAN card number are the following two pieces of information you must enter.
• After you’ve completed all of the inputs, you’ll need to verify that you’re a human by typing the captcha that appears on the screen.
• Click the submit button at the bottom of the webpage after completing all of the previous steps to move to the next page, where your Data Patterns IPO allotment status will be displayed.

Concluding Comments

Entries for Data Patterns IPO can be done online using UPI or ASBA as a payment option. The ASBA IPO registration may be accessed using your bank’s online banking system. Brokers who do not provide banking services deploy UPI IPO software, which you may also adopt to participate in the Data Patterns IPO.