Data Patterns (India) Ltd’s (the Company) board approved the allotment of 4,097,319 Equity Shares of face value Rs 2 each to eligible qualified institutional buyers at the issue price of Rs 1,220.31 per Equity Share (including a premium of Rs 1,218.31 per Equity Share) (which includes a discount of Rs 64.22 i.e., 5.00% of the floor price, as determined in terms of SEBI ICDR Regulations) aggregating to Rs 5,000 million, pursuant to the Issue.
The Issue opened on March 8, 2023 and closed on March 13, 2023. Pursuant to the allotment of equity shares in the Issue, the paid-up Equity Share capital of the Company stands increased from Rs 103,773,300 consisting of 51,886,650 Equity Shares to Rs 111,967,938 consisting of 55,983,969 Equity Shares of face value Rs 2 each. Tata AIA Life Insurance, Axis Mutual Fund, Nippon India Small Cap Fund, ADIA, Franklin India, Kotak Mutual Fund, IDFC, Mutual Fund and Integrated Core Strategies Asia PTE Ltd were subscribers to about 82% of the issue size.
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