Data Patterns IPO has been subscribed 119.62 times: Allotment, listing date, review and more

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Data Patterns IPO sees heavy subscription

Data Patterns IPO, which opened for subscription on December 14th has been subscribed 119.62 times at the end of the final day of the issue. The company had looked to raise Rs 588.22 crore. ## **Data Patterns IPO: Subscription details** The portion reserved for Qualified institutional investors making up 50% of the issue, got subscribed by 190.86 times. Non-institutional investors' portion saw highest demand with an overall subscription of 254.22 times. Retail portion saw the lowest demand, with the portion reserved for them (35%) getting an overall subscription of 23.14 times. The details of subscription numbers across categories is listed below. | Category | Subscription (times) | |-----------|----------------------| | QIB | 190.86 | | NII | 254.22 | | Retail |23.14 | | Total |119.62 | ## **Data Patterns IPO: recap** INDmoney had given a Positive rating on the issue “Given the company’s steady topline growth, robust margins, good return ratios, competitive advantage in design and development capabilities, entry barriers in the industry and strong growth outlook, we remain “positive” on the prospects of the issue.,” we had said in our [December 13 report.]( ## **Data Patterns IPO allotment date** The finalization of Basis of Allotment for Data Patterns IPO will be done on Dec 21, 2021, and the allotted shares will be credited to your demat account by Dec 23, 2021. ## **Data Patterns IPO listing date** The Data Patterns IPO listing date is yet to be announced. The tentative date of Data Patterns IPO listing is Dec 24, 2021.