About the Company:
Data patterns Ltd 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 in-house design and development capabilities and experience of more than three decades in the defence and aerospace electronics space.
Company has design capabilities across the entire spectrum of strategic defence and aerospace electronics solutions including processors, power, radio frequencies (“RF”) and microwave, embedded software and firmware and mechanical engineering.
Company’s offerings cater to the entire spectrum of defence and aerospace platforms – space, air, land and sea.
As on September 30, 2021, company had 818 employees with more than 500 qualified engineers, including 416 members in the Design & Engineering department.
Company’s design and development capabilities:
Company’s design and development capabilities have allowed company to develop complete systems as well as sub-systems for various strategic defence and aerospace electronics solutions.
These systems have found applications on various platforms and programmes such as the Tejas Light Combat Aircraft (“LCA”), the Light Utility Helicopter (“LUH”), BrahMos missile programme, precision approach radars and various communications intelligence (“COMINT”) and electronic intelligence (“ELINT”) systems.
Company’s Products:
- Radars.
- Underwater electronics / communications / other systems.
- Electronic warfare suite.
- BrahMos programme.
- Avionics.
- small satellites.
- ATE for defence and aerospace systems.
- COTS.
Company’s Manufacturing facilities:
Company’s manufacturing facility consists of a 100,000 square feet factory built on 5.75 acres of land in Chennai, which has facilities for design, manufacturing, qualification and life cycle support of high reliability electronic systems used in defence and aerospace applications.
Expansion of the Manufacturing facilities:
Company is in the process of upgrading and expanding the facility, with a proposed doubling of available floor area and manufacturing capacity, as well as addition of capability of handling large and heavy equipment, integration of large radars and mobile electronic warfare systems and satellite integration facility.
Company’s testing capabilities are also proposed to be further strengthened. Company is proposing to acquire an additional 2.81 acres of adjacent land for further expansion.
Company’s Order Book:
Company has an order book of Rs.581.2 crores as on September 30, 2021, which has increased from Rs.178.6 crores as on April 1, 2018.
Management Team:
- Mr. Srinivasagopalan Rangarajan (Designation: Managing Director)
- Mrs. Rekha Murthy Rangarajan (Designation: Whole-time Director)
Objectives of the Issue:
Offer for Sale: (Rs. 348 cr)
- The Selling Shareholders will be entitled to their respective portions of the proceeds of the Offer for Sale.Company will not receive any proceeds from the Offer for Sale.
Fresh Issue: (Rs.240 cr)
- 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 existing facilities at Chennai.
- General corporate purposes
Positives for the Company:
Sound order book across product categories supplying to marquee customers in the defence and aerospace industry.
- As on September 30, 2021, company had an order book of Rs.581.2 crores, with orders from several marquee customers in the Indian defence ecosystem, including the Indian government defence ministry, BrahMos, DRDO, the Indian government space organisation, HAL, BEL and a DPSU involved in the missile space.
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 | 30th Sept 21 |
|---|---|---|---|---|
| Revenue | 132.5 | 160.1 | 226.5 | 97.1 |
| Net Profit | 7.7 | 21.0 | 55.5 | 23.2 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Data Patterns Ltd | 2 | 11.89 | 49.20 | 26.79% | 46.28 |
| MTAR Technologies Ltd | 10 | 16.99 | 83.56 | 9.66% | 154.99 |
| Astra Microwave Products Ltd | 2 | 3.33 | 51.28 | 5.16% | 64.51 |
| Centum Electronics Ltd | 10 | 13.31 | 34.90 | 5.40% | 173.14 |
| Bharat Electronics Ltd | 1 | 8.62 | 23.49 | 18.99% | 45.39 |
| Paras Defence and Space Technologies Ltd |
10 | 5.55 | 139.59 | 7.64% | 52.98 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 14th December 2021 |
| Issue Closes on:. | 16th December 2021 |
| Issue Price | Rs.555 – 585 |
| Face Value | Rs.2 |
| Retail Category Allocation | 35% |
| Minimum Lot | 25 Shares |
| Minimum Investment | Rs.14,625 |
| Issue Constitutes | 19.37% |
| Issue Size | Rs.588 cr ($ 78 million) |
| Market Cap | Rs.3035 cr ($ 404 million) |
| Listing at | NSE & BSE |
| Equity Shares Offered (Fresh) | 41,02,564 (Rs. 240 cr) |
| Equity Shares Offered (OFS) | 59,52,550 (Rs. 348 cr) |
| Equity Shares Offered (Fresh + OFS) | 1,00,55,114 |
| Equity Shares Prior to the Issue | 4,77,84,086 |
| Equity Shares after the Issue | 5,18,86,650 |
Also Read : List of Upcoming IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 21st December 2021 |
| Initiation of Refunds | on or Before 22nd December 2021 |
| Credit of Equity Shares: | on or Before 23rd December 2021 |
| Listing Date: | on or Before 24th December 2021 |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 06:00 PM) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| QIB | 19,58,847 | 0.00 | 0.90 | 185.90 |
| NII | 15,41,532 | 1.47 | 5.10 | 259.83 |
| Retail | 35,96,906 | 5.62 | 12.52 | 23.64 |
| Employee | ——- | —- | — | —- |
| TOTAL | 70,97,285 | 3.13 | 7.61 | 120.61 |
Note: Retail Subscription on the basis of Applications: 19.91x
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 11.89 | 49.20 | 26.79% | 46.28 |
| Check IPO Allotment Status: |
|---|
Link InTime Website: https://linkintime.co.in/PublicIssue/BSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| Data Patterns (India) Limited Plot H9, Fourth Main Road SIPCOT IT Park Siruseri, Chennai 603103 Tamil Nadu Tel: +91 44 4741 4000 Tel: +91 44 4741 4000 E-mail: manvi.bhasin@datapatterns.co.in Website: www.datapatternsindia.com |
| IPO Registrar Info: |
|---|
| Link Intime India Private Limited C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg Vikhroli (West), Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: datapatterns.ipo@linkintine.co.in Website: www.linkintime.co.in |
