Data Patterns shares will be listed on the stock exchange on December 24th
A provider of electronic solutions for the defense and aerospace sectors, Data Patterns shares will be listed on the exchange tomorrow, Friday, December 24. Shares will be listed on both the stock market and the stock market. National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
The company’s initial public offering (IPO) has received a good response from investors when it was registered 119.62 times.
According to market observers, the company’s gray market premium (GMP) on Thursday was Rs 230, thus indicating a reasonable listing for Data Patterns shares.
The company intends to raise Rs 588 crore and received an offer of Rs 49,665 crore through the IPO with a price range of Rs 555 to Rs 585 per share.
Founded in 1985, Data Patterns is an integrated defense and avionics solutions provider serving space, air, land and sea requirements.
It caters to well-known clients such as Ministry of Defense, BrahMos, Defense Research and Development Organization (DRDO) and other government agencies such as Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL) along with the others.
