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Below is the Pre Listing comment on Data Patterns IPO By Mr. Aayush Agrawal, Sr. Analyst, Swastika Investmart Ltd

We believe Data Patterns has the potential to grow rapidly and exponentially as part of the 'Make in India' initiative. The company has experienced rapid growth in revenues and profits, with margins that are soaring. At an upper price band of Rs 585, the IPO is priced at a PE ratio of 49x and a P/BV ratio of 13x to FY21 earnings. Positive sentiment is likely to accompany the IPO and the company as a result of the defense sector's attractiveness. Based on the GMP currently, we can expect a 35% listing gain. Investors who got allotments should hold the stock while new investors can look for buying opportunities at any correction or consolidation.

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