Data Patterns IPO: Information analysis

A manufacturer of defence and aerospace electronics solutions, Data Patterns caters to the entire spectrum of defence and aerospace platforms - space, air, land and sea. Designed, developed and manufactured in-house, its products and sub-systems cater to the entire manufacturing value chain, right from industrial and test automation to space systems to defence and aerospace systems through DRDO (Defence Research and Defence Organisation). Its major product categories include radars, electronic warfare, communication systems, RF (radio frequencies) and microwave, military COTS (commercial off-the-shelf), avionics, missile and torpedo electronics, fire and launch control systems, space-based systems and automatic test equipment. The company derives its revenues from production contracts (76 per cent of FY21 revenue), development contracts (16.3 per cent) and service contracts (7.7 per cent). Since the company undertook a pre-IPO placement of Rs 60 crore (at Rs 577 per share), the size of the fresh issue has been reduced from Rs 300 crore to Rs 240 crore. As per a Fros