Data Patterns shares make a strong debut, stock lists at 28% premium

The company had priced its IPO between Rs 555 and 585 a share

The stock of defence and aerospace electronics solutions provider Data Patterns made a strong debut on the bourses on Friday. It got listed at Rs 856, a 46 per cent premium to its issue price but gave up some gains and ended the session at Rs 750 — 28.2 per cent premium to its issue price.

After listing, the company commands a market capitalisation of Rs 3,894 crore.

Data Patterns' initial public offering (IPO) was subscribed 120 times. The qualified institutional buyer (QIB) portion was subscribed 186 times; the HNI portion was bought 260 times, and the retail portion was purchased 23.6