Data Patterns (India) Ltd. files its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India to raise finance through an initial public offering (IPO). The company plans to utilise the revenue from the fresh issue for repayment of the debts, funding & expansion of its facility. The IPO is expected to raise 600-700 crores.
Data Patterns was founded by Srinivasagopalan Rangarajan and Rekha Murthy Rangarajan. The company has over three decades of experience in the Defence sector. Data Patterns is involved mainly in the defence and aerospace sectors. The company works on products like radars, underwater electronics, electronic warfare suites, small satellites, automated test equipment, light utility helicopter, BrahMos missile and other Communication and Electronic Intelligence Systems.
Data Patterns have developed the first nanosatellite ‘NiUSAT’ which was deployed in 2017. The company has a close deal with HAL & DRDO. As of July 31, 2021, the companies net revenue stood at Rs 582.30 cr. Florintree Capital Partners LLP holds 12.8% of the company.
According to the F&S Report, between fiscal 19-2021, the company recorded the highest growth in revenues, EBIDTA margin, return on capital employed (ROCE) and return on equity (ROE). Florintree Capital Partners LLP holds 12.8% of the company.
