The allotment of shares of Data Patterns (India) can be final today. Before the allotment, its shares have reached a premium price in the gray market.
Data Patterns IPO Share Allotment: The allotment of shares of Data Patterns (India), a company that supplies electronic systems for the defense and aerospace sectors, can be final today (December 21). Its IPO was open for subscription from 14-16 December and received an overwhelming response from investors. This issue of Rs 588 crore was oversubscribed 119.62 times.
Before the allotment, its shares have reached a premium of Rs 280 in the gray market against the issue price. For the IPO, the company had fixed a price band of Rs 555-585 per share. Most of the brokerage firms gave it a subscribe rating considering the future of the defense sector in India. After the allotment is finalized, investors can check its status on the website of BSE or Registrar Link Intime.
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Check allotment like this on BSE website
- Investors can check allotment status at https://www.bseindia.com/investors/appli_check.aspx.
- Enter Application Number and PAN.
- Click on ‘I am not a Robot’.
- By clicking on the search tab, you can see the status details whether the share has been allotted to you or not.
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How to check allotment status through Link Intime India
- Investors can check IPO status in the section https://linkintime.co.in/MIPO/Ipoallotment.html.
- After reaching this page, select the IPO whose allotment status is to be checked.
- After this, application number or DP ID / Client ID or PAN, one of these three options will have to be selected, through whose details the allotment is to be checked.
- If Application Number is selected then choose Application Type and enter Application Number. If DP ID / Client ID is selected then select Depository and enter DPIP, Client ID. If PAN is selected then fill the PAN.
- Fill the captcha and submit.
- The information about the number of shares applied for and the number of shares allotted will be displayed on the screen.
Listing may happen on December 24
After the allotment of shares is finalized, it will be credited in the demat account of those who will get the shares on December 23. Whereas, those who are unable to get its shares, the process of refund or unblocking ASBA (Applications Supported by Blocked Amount) will start from December 22. December 24 has been fixed for listing of shares.
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Know about the company
- The foundation of this company was laid by Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan. The company provides defense and aerospace electronic solutions.
- It provides defense and aerospace electronics solutions in space, air, land and sea. Data Patterns works closely with Hindustan Aeronautics Limited and Bharat Electronics, an organization working in defense and research research, apart from DRDO.
- The order book of the company has grown at a CAGR of 40 per cent for more than four years and now stands at Rs 582.30 crore.
- In the financial year 2020-21, the company had achieved a revenue of Rs 226.65 crore. The revenue in the financial year 2019-20 was Rs 160.19 crore. The company’s profit in the financial year 2020-21 was Rs 55.57 crore, while the profit in the financial year 2019-20 was Rs 21.05 crore.
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