Incorporated in 1985, Data Patterns (India) Limited has established itself as a leading solutions provider to the indigenously developed defence products industry. It is one of the fastest-growing companies in the Defence and Aerospace Electronics sector in India offering products to the entire spectrum of defense and aerospace platforms - space, air, land, and sea. 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 engineering services.

It has diversified products and solutions mainly due to design and development capabilities, and a qualified and experienced workforce. As of September 30, 2021, DPIL had 818 employees with more than 500 qualified engineers, including 416 members in Design & Engineering department. As of September 30, 2021, it has on hand 105 orders worth Rs. 581.30 cr.

Objects of the Issue:

The IPO aims to utilize the net proceed towards the following purposes;
• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company.
• Funding working capital requirements of the company.
• Upgrading and expanding company’s existing facilities at Chennai.
• Meet general corporate purposes.

Company Financials:



Data Patterns IPO Details:



Data Patterns IPO Tentative Timetable:

The Data Patterns IPO open date is Dec 14, 2021, and the close date is Dec 16, 2021. The issue may list on Dec 24, 2021.



Data Patterns IPO Lot Size:

The Data Patterns IPO market lot size is 25 shares. A retail-individual investor can apply for up to 13 lots (325 shares or ₹190,125).

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.