Data Patterns shares will note on the stock exchanges on December 24Electronics solutions company for defence and aerospace sector, Data Patterns' shares will note on the bourses tomorrow on Friday, December 24.
The shares will list both on the nationwide stock market (NSE) and Bombay stock market (BSE).
The company's initial public offer (IPO) had actually received good action from investors as it was subscribed 119.62 times.According to market watchers, the grey market premium (GMP) of the business on Thursday was Rs 230, hence showing a sound listing for Data Patterns shares.The company planned to raise Rs 588 crore and got an offer for Rs 49,665 crore through the IPO with a price band of Rs 555 to Rs 585 per share.Incorporated in 1985, Data Patterns is an integrated defence and aerospace electronic devices options company that accommodates requirements across area, air, land and the sea.It caters to high profile clients like the defence ministry, BrahMos, Defence Research Study and Development Organisation (DRDO) and other government bodies like Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL) to name a few.