Post listing view on Data Pattern's IPO By Mr. Santosh Meena, Swastika Investmart Ltd
Below is the Post listing view on Data Pattern's IPO by Mr. Santosh Meena, Head of Research, Swastika Investmart Ltd
Data Pattern's IPO saw a bumper response from investors and got subscribed 120 times, demonstrating that aerospace and defense are highly sought-after sectors currently. This led to the IPO debuting at Rs 856, a 46% premium to the issue price of Rs 585. In the long run, the stock will be a wealth generator in the next 3-5 years, while short-term investors should keep a stop loss of Rs 790 on a closing basis. The company can grow rapidly and exponentially by taking advantage of the government's "Make In India" initiative in the near future.
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