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IPO

Data Patterns IPO subscribed 120 times on final day

Economic Times  

The IPO of Data Patterns was subscribed 119.6 times on the third day of the bidding process, on Thursday. The issue sailed through within 75 minutes of the bidding on Tuesday, the first day of subscription. The IPO consisted of fresh equity shares worth INR 240 crore, and an offer for sale by existing shareholders and promoters of 5,952,550 equity shares aggregating to INR 348.22 crore.

From the Venture Intelligence PE-VC Deal Database: Between Jan-04 and Jun-21, Data Patterns raised funding from Florintree, SICOM VC, and SIDBI VC. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)