Data Patterns (India announces launch of initial public offering
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Data Patterns (India) Ltd. has announced public offering of 10276874 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 553.00 per share The gross proceeds of the issue are expected to be Rs 57,036.65 lakhs.
The company's initial public offer (IPO) will open on 14 December 2021 and is expected to close on 16 December 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 555.00-585.00 per share.
The IPO includes a fresh Issue of 10276874 Equity Shares of the Company at an price of Rs 555.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 25 shares with bids in multiples of 25.
Data Patterns (India) Ltd. anticipates using the proceeds of the issue for . JM Financial Ltd.,IIFL Securities Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.
