Data Patterns: The company informed the bourses that it has allocated 3,016,533 shares at Rs. 585 per share on Monday, December, 13th, 2021 to the anchor investors.
The anchor Patterns book has seen strong participation from domestic mutual funds (HDFC MF, ICICI Pru MF, Axis MF, Kotak MF, Birla MF, Nippon MF, FT MF, Tata MF, PGIM MF, and IIFL MF), life insurance companies (HDFC Life and Tata AIA Life) and other institutional investors (Nomura Funds, White Oak Capital and Enam)
Axis Mutual Fund and White Oak Capital picked up the largest allocation of 11.4% each for approximately Rs 20 crs, across their various schemes. Axis MF and White Oak Capital had also invested Rs 35 crs and Rs 10 crs respectively in a Pre-IPO placement concluded last month by the company. The other investor in the Pre-IPO round was IIFL with Rs 15 crs investment – IIFL MF has been allocated 6.8% of the anchor book amounting to Rs 12 crs.
Data Patterns: Nomura Funds, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sunlife Mutual Fund, Kotak Mahindra Mutual Fund, Nippon Life India Mutual Fund, and PGIM India Mutual Fund – each of these institutions were allocated 205,650 shares for approximately Rs 12 crs each across their various schemes. Other institutions viz. Tata Mutual Fund, Franklin Templeton Mutual Fund, HDFC Life, Tata AIA Life, and Enam has been allotted 170,950 shares for approximately Rs 8 crs each
Data Patterns core competencies include design and development across electronic hardware, software, firmware, mechanical, product prototype besides its testing, validation, and verification.
Its involvement has been across Radars, Underwater Electronics/Communication and Other Systems, Electronic Warfare Suites, Avionics, Small Satellites, Automated Test Equipment, COTS, and programs catering to Tejas Light Combat Aircraft, Light Utility Helicopter, BrahMos, and other Communication and Electronic Intelligence Systems.
This news was shared to Prittle Prattle News via press release.
