Mumbai. There has been a flood of IPO in the Indian stock market in the year 2021, but the IPO of every company did not go by giving profits to the investors. But even today, a company got itself listed in the stock market, and the listing was such that the investors who got the shares of this company in the subscription got a lottery.
Data Pattern India listed its Public Issue (IPO) today, December 24, with a premium of 48 per cent over the issue price. That is, those who took 100 shares of this company, its value became 148 in the listing.
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Shares of Data Pattern opened at Rs 864 on BSE and Rs 856 on NSE, while the issue price was Rs 585. A healthy financial position driven by Make-in-India opportunity, a sound order book and huge future growth potential boosted investor sentiment.
Defense and aerospace electronics solutions provider Data Pattern’s public offering was subscribed 120 times, of which non-institutional investors bid for 254 times their reserve share. The portion of eligible institutional investors was booked 191 times, while the portion set aside for retail investors was subscribed 23.14 times.
Data Pattern The company reported an average revenue growth of 31 per cent and profit growth of 169 per cent during FY19-FY21, while the EBITDA margin increased from 19.5 per cent to 41.1 per cent during the period. The data pattern ties have driven a strong order book CAGR of 60 per cent since FY19. Given the priority of indigenization in new and modernization programs in the defense sector, revenue visibility is expected to strengthen in the coming years. This also inspired investors.
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There is also a possibility of profiteering after the strong listing of the data pattern. Experts are giving different opinions. According to experts, the data pattern has the potential to generate 15-20 per cent returns over the next few quarters along with the current price. The stock may cross the Rs 1,100 level.
The long-term prospects of the company look promising given its superior business position, well-diversified portfolio, strong order book and growing opportunities in the defense industry. The company has a strong financial track record and is expected to continue to do well in the years to come. Those who have invested only for listing gains may consider selling, as the listing gains may dwindle given the current broad market sentiment.
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