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IPO

Test equipment maker Data Patterns raises Rs.176-Cr from anchor investors

PTI  

Data Patterns (India) Ltd, which supplies electronic systems to the defence and aerospace sector, has raised INR 176 crore from anchor investors ahead of its IPO, allotting 30.16 lakh shares at INR 585 apiece. The IPO comprises a fresh issue of shares worth INR 240 crore and an offer-for-sale (OFS) of 59.52 lakh equity shares by promoters and individual selling shareholders. The anchor book saw participation from domestic mutual funds including HDFC MF, ICICI Prudential MF, Axis MF, Kotak MF, Aditya Birla Sun Life MF and Tata MF. In addition, life insurance companies — HDFC Life Insurance Company, Tata AIA Life Insurance — and other institutional investors Nomura Funds, White Oak Capital and Enam have also been allocated shares in the anchor book.

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.