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DATA PATTERNS IPO

  • Writer: Yash Mehta
    Yash Mehta
  • Dec 13, 2021
  • 2 min read


IPO Details:

Price Band: 555-585

Cutoff Price: 585


About Company:


Data Patterns is among the few vertically integrated defence and aerospace electronics solutions provider catering to the indigenously developed defence products industry. Company is one of the fastest growing companies in the Defence and Aerospace Electronics sector in India. Company has proven in-house design and development capabilities and experience of over three decades (including through our erstwhile subsidiary) in the defence and aerospace electronics space. Company offerings cater to the entire spectrum of defence and aerospace platforms- space, air, land and sea.


Competitive Strengths:

  1. Indigenous integrated and strategic defence and aerospace electronics solutions provider which is well positioned to benefit from the Make in India opportunity.

  2. Innovation focussed business model.

  3. Sound order book across product categories supplying to marquee customers in the defence and aerospace industry.

  4. Modern certified manufacturing facility of international standards.

  5. Design, Development & Manufacturing facility at Chennai, India.

  6. Consistent track record of profitable growth because of a scalable business model.

  7. Experienced management team and skilled workforce.


Strategies:

  1. Continue expansion of product portfolio with complex technology-based products.

  2. Focus on repeat large volume production orders.

  3. Augmenting our design and development capabilities and expanding manufacturing infrastructure.

  4. Focus on increasing revenues by leveraging core competencies and grow services business.

  5. Focus on increasing export business.

Financial Performance:



Revenue of the company is increasing. Company is profitable and cutoff price is at P/E of 49.


Objects of the Issue:


The Net Proceeds from the Issue are proposed to be utilised in the following manner:

  1. Offer for Sale


Competitors Comparison:

Considering competitors that are in defense space. Data Patterns seem to be undervalued on the basis of P/E ratio, whereas it looks overvalued on the basis of P/B ratio.


Grey Market Premium:

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Our view: GMP of the IPO is good and also company looks to be fairly valued. I will subscribe to this IPO only for listing gains.


Disclaimer: Views are shared for an educational purpose. Please consult your financial advisor or planner before taking any action based on the views or facts shared on this blog.

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