Data Pattern shares are going to debut in the primary market today. As per the information available on BSE website, data pattern ipo listing date is 24th December 2021 and the equity shares of Data Patterns (India) Limited will be listed and admitted for dealing in the ‘B’ Group of Securities List on BSE and NSE. special pre-open session, According to stock market experts, as the market is picking up momentum after the recent lows, the data pattern could be a ‘stellar’ start in the stocks. He said the defense stock was close to . can open on The 900 level offers almost 50 percent premium to the allottees. In fact, even the gray market data pattern is indicating strong listing of stocks. According to market observers, the data pattern IPO is GMP (Grey Market Premium) today 330.
Speaking on Data Pattern Share Listing; Abhay Doshi, Founder, UnlistedArena.com, said, “As the market is gaining momentum after the recent lows, good traction has been seen on the primary market pack. The list of data patterns should be impressive as the company is expected to witness the highest EBITDA and ROE (Return on Equity) Margin as compared to its peers. Recently listed defense sector companies like Mounter Technologies and Paras Defense also rewarded investors. Data pattern may be listed around 900, getting a handsome profit of over 50 per cent.”
Impressive opening expected for data pattern stocks; Ravi Singhal, Vice Chairman, GCL Securities said, “Following strong investor response and trend reversal in the markets following its lows, we are expecting an impressive start for the Data Pattern IPO. As per our assessment, Data Pattern Share listing price may be around . 820 to 870 against its price band from 555 585 per equity share.”
Resonating with the thoughts of Ravi Singhal; Ayush Agarwal, Senior Analyst, Swastika Investmart Ltd., said, “We believe data patterns have the potential to grow faster and faster as part of the ‘Make in India’ initiative. The company has seen rapid growth in revenue and profits. An increase is experienced, with margins soaring at the upper price band of 585, the IPO is priced at a PE ratio of 49x and a P/BV ratio of 13x FY21 earnings. The attractiveness of the defense sector is likely to result in the IPO and a positive sentiment with the company. Based on the GMP at present, we can expect a listing gain of 35 per cent.” can do.
Ravi Singh, Vice President and Head of Research, ShareIndia said, “Data Patterns Company is a strategic defense and aerospace electronics solutions provider, well positioned to benefit from the Make in India opportunity. Also, the company’s innovation focused business The model is backed with sound.Order book from many reputed clients in the Indian Defense ecosystem making it a good bet for long term investment.The range of stocks may list a premium of around 20 per cent to 30 per cent. 700 760.”
Data Patterns Share Listing: What Does the Gray Market Indicate?
Data Pattern IPO GMP Today, According to Market Observers 330 means the gray market data pattern is expecting the shares to be listed around 915 ( 585+ 330), which is 55 percent higher than its price band from 555 585 per equity share.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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