Data Patterns, defense, and aerospace electronics solution providers to raise ₹588 crores in its Initial Public Offering (IPO). With regards to that Data Patterns on December 9, fixed the price range from ₹555-585 per equity share. The IPO issue will be open for subscription during the 14th– 16th of December of this month.
Data Patters has reserved half of its offer for qualified institutional investors. While the remaining 35 percent and 15 percent will be reserved for retail investors and non-institutional investors, respectively.
With the IPO the company is planning to repay its loan and raise capital to support work. Along with that the company also has plans to upgrade and expand its facilities in Chennai.
